Multi-Tenant Retail
891-893 CRANBURY SOUTH RIVER ROAD #104, Jamesburg, NJ 08831
For Sale
Contact for pricing
The 2015 suite is part of a tenant mix spanning food, personal services, childcare, fitness, and professional businesses.
Property Size1,500 SF
Price / SF$2.43
Days on Market53
Property Features for 891-893 CRANBURY SOUTH RIVER ROAD #104
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Tenancy
Listing Agency:
Smires & Associates
(609) 259-1414
Listed By:
Salvatore Bua · License NJ #1430436
(609) 439-8699
Source:
Cummingsrealtors
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smires & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot retail suite, built in 2015, is part of a property with a varied roster of businesses. Current occupants include Colombian and sushi restaurants, a nail salon, daycare, dance studio, locksmith, physical therapy office, and baseball training center. On-site parking serves the property.
A Super Wawa is immediately next to the site. The existing tenant mix includes food, service, childcare, fitness, and professional uses.
A Super Wawa is immediately next to the site. The existing tenant mix includes food, service, childcare, fitness, and professional uses.
Key Highlights
- 1,500‑square‑foot retail suite
- Built in 2015
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Middlesex County, NJ
Properties on Market for Retail space in Middlesex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The 2015 suite is part of a tenant mix spanning food, personal services, childcare, fitness, and professional businesses.
Where is this retail space located?
The property is located at 891-893 CRANBURY SOUTH RIVER ROAD #104 Jamesburg, NJ.
What are key features of this property?
This property features: 1,500‑square‑foot retail suite; Built in 2015; On‑site parking
