Retail Property on Hard
For Sale
Contact for pricing
1111 N High St, Millville, NJ 08332
Retail property with motivated seller and long-term lease.
Property Size14,490 SF
Price / SF$307.11
Days on Market1271
Property Features for 1111 N High St
General Information
Standard status
Active
Size
14,490 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$375,000
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #6502378067
(248) 702-0288
Source:
Crexi
Added: Apr 25, 2023
Changed: Oct 15
Last Checked: Oct 16 at 7:16AM
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 Encore Real Estate Investment Services
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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 retail property features a hard corner location. The original lease term was 25 years, with 4 years remaining. The seller is motivated. The property size is 14490 square feet.
Key Highlights
- Motivated seller - bring all offers!
- Hard corner location offering excellent visibility.
- 4 years remaining on original 25 year term.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,906
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,498,120
$3.5M
Cap Rate 7%
$2,498,657
$2.5M
Cap Rate 9%
$1,943,400
$1.9M
Market Conditions
NOI Build-Up for 14,490 SF
Gross rent
$260.8K $18.00/SF
− Vacancy
−$11.0K −$0.76/SF
EGI
$249.9K $17.24/SF
− OpEx
−$75.0K −$5.17/SF
NOI
$174.9K $12.07/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,498,120
Cap Rate 7%
$2,498,657
Cap Rate 9%
$1,943,400
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $174,906 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.76M
$19.04M – $25.38M
NOI $1,522,980 @ 7.0% cap · market cap 34.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 26%
Apparel 10%
Home Improvements & Furnishings 2%
McDonald's
Dining
25,629 visits/mo
0.0 miles
Wendy's
Dining
16,374 visits/mo
0.0 miles
Burger King
Dining
8,816 visits/mo
0.5 miles
Goodwill
Apparel
8,349 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,845 visits/mo
0.4 miles
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property with motivated seller and long-term lease.
Where is this retail property located?
The property is located at 1111 N High St Millville, NJ.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Motivated seller - bring all offers!; Hard corner location offering excellent visibility.; 4 years remaining on original 25 year term.
