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    6 Barnard St Highland Park, NJ 08904

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    6 Barnard St Highland Park, NJ 08904

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    • Commercial real estate
    Off-Market
    Property ID
    US59-2754759
    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 6 Barnard St

    Year built
    1933
    Property type
    Commercial real estate

    Description

    This exceptional Highland Park, NJ property at 6 Barnard Street presents a unique investment opportunity. The 0.119-acre lot houses a completely renovated, two-story building originally constructed in 1933. Currently zoned for commercial use, following a change from its initial residential zoning, this versatile property offers a multitude of possibilities. The interior boasts two spacious open rooms and a rear room with a full bath and kitchen on the first floor. The second floor features three additional rooms and another full bath. The property's prime location on Route 27, with a bus stop directly in front, provides easy access to Rutgers and Edison. The sizable backyard offers significant potential for expansion, such as the addition of a parking lot. This property is ideal for residential use, rental income, a small business, or a mixed-use venture. Its flexible zoning and convenient location make it a truly exceptional investment prospect. The asking price is $549,000. The property's commercial and multifamily nature, combined with its recent renovation, makes it a compelling option for discerning investors seeking a high-return asset in a thriving New Jersey community. The building's history and current zoning provide a unique blend of established character and future development potential. Don't miss this chance to acquire a property with such diverse possibilities.

    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
    Highland Park
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4168744
    Latitude
    40.5047842

    Comparable in this City

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      Highland Park Two-Family Home

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      Highland Park Multifamily Property

      Multifamily property in Highland Park, New Jersey.
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      Car Dealership & Mechanic Shop

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      Mixed-Use Property with Rental Income

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      Corner Retail/Office Space Available

      Highway-zoned corner property suitable for retail or office use.
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    Similar Nearby for Sale

    • New
      $610,000
      2,138 SF

      Renovated Two-Family in Highland Park

      Move-in ready two-family near Rutgers University and transportation.
      319 Harper Pl, Highland Park, NJ 08904
      View Details
    • $609,999
      1,530 SF

      Highland Park Two-Family Home

      Two-family home in Highland Park with updated features.
      6 S 9Th Ave, Highland Park, NJ 08904
      View Details
    • New
      $549,999
      Pending

      Highland Park Multifamily Property

      Multifamily property in Highland Park, New Jersey.
      1309 Central Ave, Highland Park, NJ 08904
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    • Contact for pricing
      4,500 SF

      Car Dealership & Mechanic Shop

      Car dealership/mechanic shop with parking plus single family home.
      213 Woodbridge Ave, Highland Park, NJ 08904
      View Details
    • $988,888
      2,800 SF

      Mixed-Use Property with Rental Income

      Mixed-use property featuring rental income and commercial parking.
      1149 Raritan Ave, Highland Park, NJ 08904
      View Details
    • Contact for pricing
      2,000 SF

      Corner Retail/Office Space Available

      Highway-zoned corner property suitable for retail or office use.
      822 Raritan Ave, Highland Park, NJ 08904
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Rent

      Clean commercial space suitable for retail, office, or small business.
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      Private Office in Highland Park

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      Office Space Available For Lease

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      320 Raritan Ave, Highland Park, NJ 08904
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      8,300 SF

      Highland Park Office Space Available

      Office space for rent in Highland Park, New Jersey.
      317 Cleveland Ave, Highland Park, NJ 08904
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    6 Barnard St
    Highland Park, NJ 08904
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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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