101 NJ-31 Pennington, NJ 08534
12,000 SF building on almost four acres.
Property Features for 101 NJ-31
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 4.00 Acres
- Property subtype
- Retail
Listing office Bonanni Realtors
Listing date Nov 29, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Bonanni Realtors
Investment Insights
Based on property information with market context.
Key Highlights
- 12,000 sq ft building on almost four acres of land.
- Located on Route 31 in Pennington.
- Long established business opportunity.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $269.3k | $22.44 |
| − Vacancy | −$12.9k | −$1.08 |
| EGI | $256.4k | $21.36 |
| − OpEx | −$76.9k | −$6.41 |
| NOI | $179.4k | $14.95 |
