Two-Story Office
97 Main St, Newton, NJ 07860
For Sale
New
$875,000
Central air conditioning and a private parking lot support professional operations.
Property Size4,800 SF
Price / SF$182.29
Days on Market4
Property Features for 97 Main St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
private parking lot
Gas-Natural
3
2
4800
182.29
Public Water,See Remarks,Well
00000.795 AC.
0.80
8
1
Brick/Block
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(732) 853-1896
Listed By:
Helena Yousefzadeh
Source:
Orangekeyrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 5:24PM
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 Helena Yousefzadeh
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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 two-story office building contains 4,800 square feet and is currently configured for law office use. Central air conditioning serves the building, and the site includes a private parking lot. The property is zoned T5 and occupies a 0.795-acre lot.
The site has access from Main Street and Halsted Street in downtown Newton. The Sussex County Courthouse and county offices, Newton Green, Spring Street retail and dining, and Newton Medical Center are within walking distance. Routes 206 and 94 provide regional connections.
The site has access from Main Street and Halsted Street in downtown Newton. The Sussex County Courthouse and county offices, Newton Green, Spring Street retail and dining, and Newton Medical Center are within walking distance. Routes 206 and 94 provide regional connections.
Key Highlights
- 4,800‑square‑foot, two‑story office building
- Currently used as a law office
- 0.795‑acre lot with access from Main Street and Halsted Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,440
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,800
$1.5M
Cap Rate 7%
$1,049,143
$1.0M
Cap Rate 9%
$816,000
$816.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$144.0K $30.00/SF
− Vacancy
−$46.1K −$9.60/SF
EGI
$97.9K $20.40/SF
− OpEx
−$24.5K −$5.10/SF
NOI
$73.4K $15.30/SF
Area
Sussex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,800
Cap Rate 7%
$1,049,143
Cap Rate 9%
$816,000
Alternative Uses
Best Use
Office B
$1.05M
$918.0K – $1.22M
NOI $73,440 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,736 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Central air conditioning and a private parking lot support professional operations.
Where is this office building located?
The property is located at 97 Main St Newton, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,800‑square‑foot, two‑story office building; Currently used as a law office; 0.795‑acre lot with access from Main Street and Halsted Street
