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    100 Reaville Ave Flemington, NJ 08822
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    Property profile & analytics

    100 Reaville Ave, Flemington, NJ 08822

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    • Lifestyle centers
    • 22,581 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Judith “Judy Gold / Real Estate Agency
    • F45 Training Flemington / Gym & Fitness Center
    • Jithu Yohannan, Real Estate / Real Estate Agency
    • Jennifer & Jon Stowe- The Stowe Team NJ / Real Estate Agency
    • Addicted Chic / Clothing & Fashion Store

    Property Details for 100 Reaville Ave

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    The Shoppes at Flemington, located at 100 Reaville Ave, Flemington, NJ 08822, presents a unique opportunity for retail and restaurant businesses. This established shopping center offers a total of 22,581 square feet of space, currently featuring three suites. A significant portion of the center, totaling 10,358 square feet, is currently vacant and available for lease. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,865 square feet to a maximum contiguous space of 4,490 square feet. This allows for flexibility in tenant size and business needs. The center's location in Hunterdon County provides excellent access to a thriving local community and offers high visibility for businesses seeking to establish or expand their presence in the area. The property is categorized as both retail and restaurant space, making it suitable for a variety of uses. Interested parties are encouraged to inquire about lease terms and availability for the vacant spaces. This is a prime opportunity to secure a well-located retail space in a bustling New Jersey community. The property's address is easily accessible and offers ample parking for customers and employees. The available space presents a chance to establish a strong presence in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Flemington
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8521
    Latitude
    40.4993

    Comparable in this City

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      7,558 SF

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      5,400 SF

      244 Rte

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      244 Rte, Flemington, NJ 08822
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      16,800 SF

      268 Rte

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      268 Rte, Flemington, NJ 08822
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    • Value Estimation by Request

      100 Reaville Ave

      Restaurants
      100 Reaville Ave, Flemington, NJ 08822
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    • Value Estimation by Request
      23,725 SF

      35 Reaville Ave And Rte

      Neighborhood centers
      35 Reaville Ave And Rte, Flemington, NJ 08822
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    • Value Estimation by Request

      245 Us-202

      Neighborhood centers
      245 Us-202, Flemington, NJ 08822
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      NNN Investment Opportunity For Sale

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      Flemington Retail Space Available

      Retail space in Flemington shopping district with high traffic.
      35 Reaville Ave, Flemington, NJ 08822
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    Similar Nearby for Lease

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      Flemington Retail Space For Lease

      Retail and restaurant spaces available for lease in Flemington.
      100 Reaville Ave, Flemington, NJ 08822
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      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      244 Rte 202, Flemington, NJ 08822
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      5,400 SF

      Turnkey Restaurant Opportunity

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      Highway Retail Restaurant/Store Space

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      4,003 SF

      Retail Space in Thriving Center

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      80-102 Reaville Ave, Flemington, NJ 08822
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      23,454 SF

      Retail Space in Flemington, NJ

      Retail spaces available from 1,500 to 24,737 square feet.
      3 Rte 31, Flemington, NJ 08822
      View Details
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    Flemington, NJ 08822
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    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
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