Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 Naughright Rd Hackettstown, NJ 07840

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Hackettstown retail space available. Multiple suites, drive-thru potential.

    Lot size:
    114,249 SF

    Property Features for 7 Naughright Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,249 SF

    Spaces For Lease

    at 7 Naughright Rd, Hackettstown, NJ 07840 Contact us

    We can help!

    Listing Contact
    Shane Wierks
    Shane Wierks

    Listing Agent: Shane Wierks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity presents 114,249 square feet of commercial space within the Mount Olive Parkade, located at 7 Naughright Rd, Hackettstown, NJ 07840. The property boasts a prime location in Morris County, offering excellent visibility and accessibility. Ten individual suites are available, ranging from a minimum of 1,500 square feet to a maximum contiguous space of 5,000 square feet. Currently, 27,750 square feet of space is vacant, presenting a significant opportunity for expansion or new tenancy. The property is classified as a shopping center with proposed and existing pad sites, including drive-thru potential, making it ideal for a variety of retail uses. The ample parking provides a generous 4.79 spaces per 1,000 square feet of building area, ensuring convenient access for customers and employees. This multi-tenant property offers a flexible layout, catering to businesses of various sizes. The property's location in Hackettstown, New Jersey, provides access to a thriving local market and strong regional demographics. Don't miss this chance to secure your ideal retail space in this highly sought-after location. Contact us today to learn more about leasing opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sharon Jancarek Pharmacy Queen Nails Nail Salon Mt Olive Eagle ... Training Center Budd Wash and Dry (Bike/Boat/Book/etc) Store Master Turner's Taekwondo Training Center

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hackettstown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.7799707
    Latitude
    40.85125

    Nearby Similar for Lease

    • $2,900 /Mo
      17,860 SF

      Hackettstown Office Space For Rent

      Second floor office space in Hackettstown with on-site parking.
      699 Washington St, Hackettstown, NJ 07840
      View Details
    • $4,875 /Mo
      32,000 SF

      Renovated Shopping Center Space Available

      High-visibility retail/office space in renovated shopping center, Route 517.
      915 County Road 517, Hackettstown, NJ 07840
      View Details
    • $2,850 /Mo
      32,000 SF

      Renovated Shopping Center Space Available

      High-visibility space in a renovated shopping center, ready for occupancy.
      915 County Road 517, Hackettstown, NJ 07840
      View Details
    • $1,950 /Mo
      7,405 SF

      Hackettstown Town Commercial Space

      New construction retail/office space in downtown Hackettstown.
      237 Main St, Hackettstown, NJ 07840
      View Details
    • $2,500 /Mo
      10,700 SF

      Commercial Space Near Craft Distillery

      Commercial space available for rent near a craft distillery.
      300 Valentine St, Hackettstown, NJ 07840
      View Details
    • $2,800 /Mo
      259,618 SF

      Prime Retail/Professional Space Available

      Ground-level space with high visibility in Panther Valley Mall.
      1571 Panther V Mall, Allamuchy Twp, NJ 07840
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with High Ceilings

      Retail space featuring 18' ceiling heights and ongoing renovations.
      3 Naughright Rd, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      30,000 SF

      Hackettstown Office Space Available

      Office space with excellent visibility and accessibility near Route 46.
      43 Newburgh Rd, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      3,000 SF

      Hackettstown Retail Space For Rent

      Retail space available in Hackettstown, New Jersey.
      399 Us-46, Hackettstown, NJ
      View Details
    • Contact for pricing
      37,400 SF

      Hackettstown Industrial Space For Lease

      37,400 SF industrial space available for lease.
      300-308 W Stiger St, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      15,899 SF

      Retail Space on Mountain Avenue

      Retail space with high visibility and ample parking.
      215 Mountain Ave, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Mansfield Township

      Retail space available in Hackettstown, New Jersey with high traffic.
      1885 Nj-57, Hackettstown, NJ
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Hackettstown retail space available. Multiple suites, drive-thru potential.
    Where is this lifestyle center located?
    The property is located at 7 Naughright Rd Hackettstown, NJ.
    What are key features of this property?
    This property features: 114,249 SF retail space available in Mount Olive Parkade, Hackettstown, NJ.; Ten suites available, ranging from 1,500 SF to 5,000 SF contiguous.; 27,750 SF currently vacant.
    (908) 668-9600 Call to check price and availability
    Request Owner's contact information
    7 Naughright Rd Hackettstown, NJ 07840
    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.
    7 Naughright Rd
    Hackettstown, NJ 07840
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7 Naughright Rd Hackettstown, NJ 07840
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shane Wierks
    Shane Wierks
    Real Estate License ID: 0786772
    (908) 668-9600 (908) 581-7781 (301) 632-6320
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!