Lambertville Mixed-Use Income
For Sale
$765,000
9 Church St, Lambertville, NJ 08530
Mixed-use property in Lambertville with restaurant and apartment.
Property Size2,288 SF
Lot Size0.03 Acres
Price / SF$334.35
Days on Market179
Property Features for 9 Church St
General Information
Standard status
Active
Size
2,288 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,168
Amenities
Central air
Asphalt Shingle Roof
1 Unit Heating
Baseboard - Hotwater Heating
Built-In Cooling
Wall A/C Unit(s) Cooling
Building Details
Year Built
1860
Listing Agency:
COLDWELL BANKER HEARTHSIDE
(908) 996-7151
Listed By:
BARBARA GROOGAN
Source:
Corcoran
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 COLDWELL BANKER HEARTHSIDE
Investment Insights
Based on property information with market context.
Located in the heart of Lambertville, this mixed-use property presents an income opportunity, surrounded by antique stores, galleries, and shops. The area, a destination for river town lovers, hosts town events and entertainment. The property is near the Delaware Bridge and the town of New Hope. The structure includes a first-floor unit currently leased as a restaurant, featuring four large rooms, a full basement for storage, and two public restrooms. The second floor contains a charming apartment that is also leased. The apartment includes a living room with a bay window overlooking the street, a dining room currently used as a bedroom, two additional bedrooms, and a full bath. The third floor features a spacious loft with possibilities and a storage room. A terrace off the living room is suitable for outdoor relaxation. The property size is 2288 square feet.
Key Highlights
- Prime location in the heart of Lambertville, surrounded by shops and attractions.
- Income‑generating property with two currently leased units (restaurant and apartment).
- First‑floor restaurant space with 4 rooms, full basement, and 2 restrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,185
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,700
$703.7K
Cap Rate 7%
$502,643
$502.6K
Cap Rate 9%
$390,944
$390.9K
Market Conditions
NOI Build-Up for 2,288 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.6K $30.00/SF
− Vacancy
−$4.7K −$2.04/SF
EGI
$64.0K $27.96/SF
− OpEx
−$28.8K −$12.58/SF
NOI
$35.2K $15.38/SF
Area
Hunterdon County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,700
Cap Rate 7%
$502,643
Cap Rate 9%
$390,944
Alternative Uses
Best Use
Apartment 5plus
$502.6K
$439.8K – $586.4K
NOI $35,185 @ 7.0% cap · market cap 4.60%
Second Best
Specialty Retail
$499.9K
$437.4K – $583.2K
NOI $34,990 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Exxon
Shops & Services
5,323 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,936 visits/mo
0.4 miles
Sunoco
Shops & Services
3,127 visits/mo
0.2 miles
Demographics for 08530, NJ
7,832
Population
3,816
Households
2.1
Avg Household Size
49
Median Age
58%
College-Educated
93%
High-School Grad
27.1 sq mi
ZIP Area
289
Density / Sq Mi
$121,667
Median Household Income
$76,835
Median Earnings
$1,641
Median Rent
$554,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Lambertville with restaurant and apartment.
Where is this mixed-use property located?
The property is located at 9 Church St Lambertville, NJ.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Prime location in the heart of Lambertville, surrounded by shops and attractions.; Income‑generating property with two currently leased units (restaurant and apartment).; First‑floor restaurant space with 4 rooms, full basement, and 2 restrooms.
