Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    283 Us Highway 206 Sandyston, NJ 07826
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    283 Us Highway 206 Sandyston, NJ 07826

    View on Map
    • Commercial real estate
    • 0.53 lot acres
    For Sale
    $749,900
    View Listing →
    Prime Sandyston Commercial Property For Sale
    $749,900
    3,703 SF

    Prime Sandyston Commercial Property

    Historic building, high traffic location, 3703 sq ft

    283 Us Highway 206, Sandyston, NJ 07826
    View Listing
    Property ID
    US59-2164831
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 283 Us Highway 206

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.53 lot acres
    Zone code
    V-1
    Property type
    Commercial real estate
    APN
    17 01101-0000-00013
    APU
    1701101000000013

    Description

    This exceptional commercial property, located at 283 US Highway 206, Unit 283 in Sandyston, NJ, presents a unique investment opportunity. The building, boasting a total of 3,703 square feet, sits on a combined 1.16 acres of land (two lots totaling 0.53 acres each) and enjoys a highly visible position on the busy Route 206. Currently operating as a general store and bakery, this charming building offers immense potential for a variety of commercial uses. The main floor, exceeding 1600 square feet, includes a well-appointed serving area, reception area, kitchen, two entrances, a half-bath, and ample storage space. Upstairs, over 1000 square feet of space provides an office, laundry/half bath, and a large open area suitable for rental or expansion. Previously used as an antique store, this versatile space is adaptable to many business needs. A sizable basement, also exceeding 1000 square feet, offers additional storage capacity. The property is zoned V-1, and features outdoor seating areas on the porch and expansive lawn. This property is priced at $749,900 and offers a blend of historic charm and modern convenience in a high-traffic location. Don't miss this chance to own a piece of Sandyston's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sandyston
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.8015
    Latitude
    41.2577
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,097
    $39,700
    $271,000
    $310,700
    -
    $39,700
    $271,000
    $310,700

    Comparable in this City

    • Value Estimation by Request

      Rte 206s

      COMMERCIAL (GENERAL)
      Rte 206s, Branchville, NJ 07826
      View Details
    • Value Estimation by Request
      0.20 Acres

      2 Broad St

      COMMERCIAL (GENERAL) • 0.20 Acres
      2 Broad St, Branchville, NJ 07826
      View Details
    • Value Estimation by Request

      460 Us Hwy 206

      COMMERCIAL (GENERAL)
      460 Us Hwy 206, Branchville, NJ 07826-6028
      View Details
    • Value Estimation by Request
      3.25 Acres

      163 Us Hwy 206th S

      COMMERCIAL (GENERAL) • 3.25 Acres
      163 Us Hwy 206th S, Branchville, NJ 07826
      View Details
    • Value Estimation by Request
      3,800 SF

      187 Rte 206

      Commercial real estate • 3,800 SF
      187 Rte 206, Sandyston, NJ 07826
      View Details
    • Value Estimation by Request
      0.46 Acres

      121 County Rd 645

      COMMERCIAL (GENERAL) • 0.46 Acres
      121 County Rd 645, Sandyston, NJ 07826-5043
      View Details

    Similar Nearby for Sale

    • $749,900
      3,703 SF

      Prime Sandyston Commercial Property

      Historic building, high traffic location, 3703 sq ft
      283 Us Highway 206, Sandyston, NJ 07826
      View Details
    • $497,000
      6,800 SF

      Branchville Commercial Property Investment

      Historic Creamery, Huge Potential, 6800 sq ft
      33 Broad St, Branchville, NJ 07826
      View Details
    • $475,000
      0.53 Acres

      Branchville Commercial Property Investment

      Historic Creamery, Huge Potential
      33 Broad St, Branchville, NJ 07826
      View Details
    • $799,000
      10,000 SF

      Frankford Twp. Commercial Opportunity

      2+ acre lot with multiple buildings for various uses.
      469-473 Us Highway 206, Branchville, NJ 07826
      View Details
    View Listing
    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.
    283 Us Highway 206
    Sandyston, NJ 07826
    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.
    Sign Up Successful!
    You now have access to more from Realmo!