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393 Maxim Dr 4,144 SF 100% Leased Retail Building Hopatcong, NJ 07843 $750,000 ($180.98/SF) 9.46% Cap Rate
Executive Summary
Multi-unit mixed use building with a restaurant/reception hall and sizable 3 bedroom apt upstairs. Property has been updated with quite a few capital improvements. Parking lot that can accommodate 25 cars. Perfect for an income property or run your business or practice on the first floor and collect rental income. Currently, the commercial space is vacant and apts are rented collecting $3206. Commercial space rent is $4500. Net income for the year after expenses is $72475, which is a 9.66% cap rate
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,144 SF
Building Class
B
Year Built
1950
Price
$750,000
Price Per SF
$180.98
Cap Rate
9.46%
NOI
$70,975
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.49 AC
Zoning
R1
Parking
34 Spaces (8.2 Spaces per 1,000 SF Leased)
Frontage
90’ on Maxim Dr
Amenities
- Conferencing Facility
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-41101-0000-00002 | Total Assessment | $655,500 |
| Land Assessment | $206,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $449,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
12-41101-0000-00002
Land Assessment
$206,500
Improvements Assessment
$449,000
Total Assessment
$655,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
393 Maxim Dr