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Retail Property – 2,939 SF On 1.56 Acres 1158 Valley Rd 5,510 SF 100% Leased Retail Building Stirling, NJ 07980 $999,999 ($181.49/SF) 6.27% Cap Rate
Investment Highlights
- 1158 Valley Rd presents a free-standing 2,939 SF commercial building positioned on 1.56 acres with strong visibility along Valley Road.
- Single expansive unit offering flexibility for retail, dining, or professional services seeking exposure and accessibility.
- Ideal for dental, medical, or healthcare users, with an existing layout that supports clinical build-outs and patient-focused operations.
- Offered at $999,999 with a projected NOI of $62,718 and a 6.27% cap rate in the Morristown regional market.
Executive Summary
Introducing a prime opportunity for retail investors, a well-maintained 2,939 SF freestanding building positioned in a strong Northern New Jersey corridor. Built in 1960 and configured as a single expansive unit, the property offers flexibility for retail, dining, medical, or service-oriented users. Zoned B-D, the site supports a wide range of commercial uses and benefits from a strategic location with ample on-site parking. This highly visible asset presents an ideal opportunity for investors or owner-users seeking a versatile retail presence in a thriving market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,510 SF
Building Class
C
Year Built
1980
Price
$999,999
Price Per SF
$181.49
Cap Rate
6.27%
NOI
$62,700
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.08
Lot Size
1.54 AC
Zoning
B2 - Likely zoned B-D (Downtown Valley Commercial), maybe with PSO or VIO overlay— permits retail, offices, restaurants, services, with standards.
Parking
30 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
135’ on Valley Road
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-11401-0000-00014 | Improvements Assessment | $298,200 |
| Land Assessment | $356,600 | Total Assessment | $654,800 |
Property Taxes
Parcel Number
30-11401-0000-00014
Land Assessment
$356,600
Improvements Assessment
$298,200
Total Assessment
$654,800
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Retail Property – 2,939 SF On 1.56 Acres | 1158 Valley Rd
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