Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    200 Main St Franklin, NJ 07416-1538

    • Commercial real estate
    • 8,238 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2023
    $175,000
    Value Estimations
    $150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0750699
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 200 Main St

    Year built
    1920
    Lot size
    0.57 lot acres
    Property size
    8,238 SF
    Zone code
    B-1
    Property type
    Commercial real estate
    APN
    06 00603-0000-00002
    APU
    600603000000002

    Description

    This exceptional 10,000-square-foot commercial warehouse in Franklin, New Jersey, offers flexible lease options for businesses seeking versatile space. Located at 200 Main St, 07416, in Sussex County, this two-story building underwent a complete renovation in 2024. The property features a minimum divisible space of 2,000 square feet, with 5,800 square feet currently available. The building boasts a 10-foot ceiling height, providing ample vertical space for storage or operations. The property includes 40 total parking spaces and three drive-in bays for convenient loading and unloading. Currently, the first floor is divided into two units. Unit one, a 2,000-square-foot space, includes a modern office, restroom, one overhead door, and parking for approximately 8-10 vehicles. This unit is zoned for a used car dealership. Unit two encompasses 3,800 square feet, featuring two overhead doors, a restroom, and parking for 20 cars. Both units can be leased individually at $4,000 per month or together for $8,000 per month. This prime location in Franklin offers excellent accessibility and visibility, making it an ideal choice for a variety of industrial and retail businesses. The property's recent renovation ensures modern amenities and efficient functionality. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $140,000
      6.5%
      $130,000
      7%
      $115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $125,000
      Geo Method
      $135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $150,000
      Mixed-Use
      $150,000
      Hospitality
      $125,000
      Educational
      $110,000
      Residential Income
      $135,000
      Energy
      $150,000
      Income-Based Land
      $130,000
      Food Service
      $150,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.5801
    Latitude
    41.1261
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $24,266
    $105,100
    $821,200
    $926,300
    -
    $105,100
    $821,200
    $926,300

    Comparable in this City

    • Value Estimation by Request
      38.17 Acres

      142-146 Rt 23

      COMMERCIAL (GENERAL) • 38.17 Acres
      142-146 Rt 23, Franklin, NJ 07416
      View Details
    • Value Estimation by Request
      5,562 SF

      260 State Rt 23

      COMMERCIAL (GENERAL) • 5,562 SF
      260 State Rt 23, Franklin, NJ 07416-2141
      View Details
    • Value Estimation by Request
      1,824 SF

      111 State Rt 23

      COMMERCIAL (GENERAL) • 1,824 SF
      111 State Rt 23, Franklin, NJ 07416-2005
      View Details
    • Value Estimation by Request
      6,244 SF

      254 State Rt 23

      COMMERCIAL (GENERAL) • 6,244 SF
      254 State Rt 23, Franklin, NJ 07416
      View Details
    • Value Estimation by Request

      24 Munsonhurst Rd

      COMMERCIAL (GENERAL)
      24 Munsonhurst Rd, Franklin, NJ 07416-1803
      View Details
    • Value Estimation by Request
      1,310 SF

      3010 State Rt 23

      COMMERCIAL (GENERAL) • 1,310 SF
      3010 State Rt 23, Franklin, NJ 07416-2019
      View Details

    Similar Nearby for Sale

    • $2,050,000
      0.68 Acres

      Prime Franklin, NJ Commercial Land

      0.68-acre redevelopment opportunity.
      272 Nj-23, Franklin, NJ 07416
      View Details
    • Contact for pricing
      48,000 SF

      Franklin, NJ Commercial Office Space

      Modern Office Building, 48,000 sq ft
      12 Cork Hill Rd, Franklin, NJ 07416
      View Details
    • Contact for pricing
      0.76 Acres

      Franklin, NJ Commercial Garage Space

      Prime Franklin Location, High Traffic Area
      384 Rutherford Ave, Franklin, NJ 07416
      View Details
    • $125,000
      0.71 Acres

      Land for New Home Construction

      Over 0.7 acre lot approved for building a home.
      111 Munsonhurst Rd, Franklin, NJ 07416
      View Details
    • New
      $579,000
      16.90 Acres

      Picturesque Farm-Assessed Land with Redevelopment Potential

      17 acres in Franklin/Hardyston Twp. with mountain views and stream.
      201 N Church Rd, Franklin, NJ 07416
      View Details
    • $399,000

      Turn-Key Restaurant on Route 94

      Fully equipped restaurant with high visibility and outdoor dining.
      3290 State Rt 94, Franklin, NJ 07416
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo

      Renovated Duplex-Style Home in Franklin

      Renovated 3-bedroom, 2-bath duplex with modern updates and garage.
      4 Fowler St, Franklin, NJ 07416
      View Details
    • $875 /Mo
      8,276 SF

      Renovated Office Suites on Route 23

      Furnished, renovated office suites with utilities included on Route 23.
      385 State Rte 23, Franklin, NJ 07416
      View Details
    • $1,650 /Mo
      48,000 SF

      Office Space in Franklin Boro

      Built-to-suit office space with multiple offices and amenities.
      12 Cork Hill Rd, Franklin, NJ 07416
      View Details
    • $1,000 /Mo
      33,106 SF

      Garage with Electric and Parking

      Commercial garage space available for rent in Franklin Boro.
      384 Rutherford Ave, Franklin, NJ 07416
      View Details
    • $1,587 /Mo
      2,028,154 SF

      Franklin Boro Warehouse with Loading

      1440 SF warehouse with loading dock and 20ft ceilings.
      12 Cork Hill Rd, Franklin, NJ 07416
      View Details
    • $2,250 /Mo
      13,939 SF

      Mixed-Use Property with Income Potential

      Commercial space with garages and apartments for income in Franklin.
      384 Rutherford Ave, Franklin, NJ 07416
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 Main St
    Franklin, NJ 07416-1538
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.