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Neighbors Plaza 427 County Road 513 11,400 SF 100% Leased Retail Building Califon, NJ 07830 $1,461,000 ($128.16/SF) 7.75% Cap Rate
Investment Highlights
- High-Yield Investment – Offered at a 7.75% cap rate with $113,224 of in-place NOI, providing immediate cash flow.
- Strong Traffic Exposure – Located directly on County Road 513 with 18,000± vehicles per day.
- Attractive Basis – Acquisition at just $128/SF, well below replacement cost for a neighborhood retail asset.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,400 SF
Building Class
C
Year Built
1985
Price
$1,461,000
Price Per SF
$128.16
Cap Rate
7.75%
NOI
$113,224
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
1.50 AC
Zoning
B-1 - Many uses permitted in B-1 neighborhood business zone. Child care, clubs, essential services, funeral homes, professional, office & retail
Parking
50 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-00038-0000-00026 | Improvements Assessment | $537,500 |
| Land Assessment | $162,500 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
19-00038-0000-00026
Land Assessment
$162,500
Improvements Assessment
$537,500
Total Assessment
$700,000
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