Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1965 New Jersey 57 Hackettstown, NJ 07840

    • Lifestyle centers
    • 150,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1965 New Jersey 57

    Property size
    150,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Mansfield Plaza, located at 1965 New Jersey 57 in Hackettstown, New Jersey, offers prime retail space for lease. This established shopping center boasts a total of 150,000 square feet and provides ample parking with 670 spaces. Currently, there are two available suites, ideal for a variety of retail businesses. The minimum leasable space is 960 square feet, while the maximum contiguous space available is 1,500 square feet. A total of 2,460 square feet is currently vacant and ready for immediate occupancy. The property is situated in Warren County, New Jersey, and offers excellent visibility and accessibility. The property's location in Hackettstown, NJ, zip code 07840, provides convenient access for customers and employees. This is a fantastic opportunity for businesses seeking a well-established location within a thriving shopping center. The property is classified as a multi-tenant shopping center, offering a diverse mix of existing businesses. This presents a unique opportunity to establish a presence within a vibrant retail environment. Contact us today to learn more about leasing opportunities at Mansfield Plaza.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hackettstown
    County
    Warren
    State
    New Jersey
    Longitude
    -74.8363
    Latitude
    40.823

    Comparable in this City

    • Value Estimation by Request
      28,080 SF

      1930 Nj-57

      Lifestyle centers • 28,080 SF
      1930 Nj-57, Hackettstown, NJ 07840
      View Details
    • Value Estimation by Request
      114,249 SF

      7 Naughright Rd

      Lifestyle centers • 114,249 SF
      7 Naughright Rd, Hackettstown, NJ 07840
      View Details
    • Value Estimation by Request
      251,000 SF

      2045 Nj-57

      Lifestyle centers • 251,000 SF
      2045 Nj-57, Hackettstown, NJ 07840
      View Details
    • Value Estimation by Request
      272,046 SF

      1885 Nj-57

      Neighborhood centers • 272,046 SF
      1885 Nj-57, Hackettstown, NJ 07840
      View Details
    • Value Estimation by Request
      0.40 Acres

      8 Us-46

      Retail properties • 0.40 Acres
      8 Us-46, Hackettstown, NJ 07840
      View Details
    • Value Estimation by Request
      3,447 SF

      86 Us-46

      Restaurants • 3,447 SF
      86 Us-46, Hackettstown, NJ 07840
      View Details

    Similar Nearby for Sale

    • $995,000
      5,700 SF

      Mixed-Use Investment in Downtown Hackettstown

      Fully leased mixed-use building with retail and residential units.
      141 Main St, Hackettstown, NJ 07840
      View Details
    • $965,000
      3,447 SF

      Hackettstown Restaurant - Turnkey Opportunity

      Established Restaurant, 3,447 SF, Broad C License
      86 Us Highway 46, Hackettstown, NJ 07840
      View Details
    • $1,500,000
      14,000 SF

      Hackettstown Commercial Property on Main

      High-visibility corner lot suitable for mixed-use redevelopment or lease.
      236 Main St, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      2,422 SF

      Riverfront Retail Building on Route 46

      2,422 SF retail building on 2.45 acres.
      2 S 46, Hackettstown, NJ 07840
      View Details
    • $875,000
      Pending

      Florist Business with Residence

      Successful florist business, building, van, supplies, parking, and residence included.
      634 Willow Grove St, Hackettstown, NJ 07840
      View Details
    • $1,500,000
      14,000 SF

      Hackettstown Main Street Commercial Gem

      Prime location, 14,000 sqft, redevelopment potential.
      236 Main St, Hackettstown, NJ 07840
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      251,000 SF

      Mansfield Village Square Retail Center

      High-traffic retail space available. Home Depot & grocery anchored.
      2045 Nj-57, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      150,000 SF

      Mansfield Plaza Retail Space Available

      Hackettstown Shopping Center, NJ - 2 Suites Available
      1965 New Jersey 57, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      114,249 SF

      Mount Olive Parkade: Hackettstown Retail

      Prime Hackettstown retail space available. Multiple suites, drive-thru potential.
      7 Naughright Rd, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      28,080 SF

      Mansfield Shopping Center Retail Space

      Hackettstown, NJ retail space available.
      1930 Nj-57, Hackettstown, NJ 07840
      View Details
    • Contact for pricing
      272,046 SF

      Mansfield Commons Retail Center

      Hackettstown, NJ Strip Mall - Space Available
      1885 Nj-57, Hackettstown, NJ 07840
      View Details
    • $14 SF/Yr
      15,000 SF

      Hastings Square Retail Space, Hackettstown NJ

      Prime Hackettstown Retail/Office Opportunity
      470 Schooleys Mountain Rd, Hackettstown, NJ 07840
      View Details
    Request Owner's contact information
    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.
    1965 New Jersey 57
    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
    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

    Google sign-in failed. Please try again or use another login method.