Short Hills, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Short Hills, New Jersey Market population: 13K. Browse multifamily, office, retail, industrial, and mixed-use...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Short Hills NJ Properties: 37.6600%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Short Hills NJ
Common questions from investors exploring commercial real estate in Short Hills NJ.
What's the overall investment outlook for Short Hills, NJ?
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With a median household income of $224,524 and a low poverty rate of 2.7%, Short Hills presents a stable investment market, further reinforced by its high health insurance coverage of 98.9% and a relatively short average commute time of 38.7 minutes, indicating a strong and reliable tenant base.
How does the ethnic diversity and industry mix impact the local real estate market?
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The diverse population, with top ethnicities including White, White Non-Hispanic, and Asian, combined with top industries like Information, Finance & Insurance, and Professional Services, suggests a dynamic and resilient market with a broad range of employment opportunities, which can lead to consistent demand for housing and rentals.
What are the implications of the high median property value and taxes for investors?
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The high median property value of $1,000,001 and median property taxes of $3,766 in Short Hills indicate a premium market, which, when considered alongside the high homeownership rate of 89.9% and the low poverty rate of 2.7%, suggests that investors may face higher upfront costs but can also expect a more stable and potentially lucrative rental market, especially given the area's strong commute infrastructure and high health insurance coverage of 98.9%.
How does the commute time and method affect the quality of life and rental demand in Short Hills?
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The average commute time of 38.7 minutes, with a significant portion of the population driving alone or working from home, and a notable use of public transit, indicates a flexible and manageable commute situation, which, combined with the high education levels and low poverty rate, contributes to a high quality of life and can support a strong demand for rentals, particularly from professionals in the Information and Finance sectors.
What role does the foreign-born rate and income inequality play in assessing market stability?
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The foreign-born rate of 23.1% and a gini coefficient of 0.482 suggest a level of cultural diversity and some degree of income inequality, but when viewed in the context of the low poverty rate of 2.7%, high median household income of $224,524, and excellent health insurance coverage of 98.9%, these factors indicate a market with a diverse and relatively affluent population, which can contribute to market stability and resilience, especially in a town with strong professional and managerial job opportunities.
Short Hills NJ Real Estate & City Facts
Key facts and real estate information about Short Hills NJ.
What are some of the best neighborhoods to live in Short Hills?
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Some of the best neighborhoods to live in Short Hills include the northeast parts of the city, which tend to be more desired, while more affordable homes can be found in the southwest regions. Neighborhoods like Millburn and Short Hills offer a great quality of life, with good schools, low crime rates, and a strong sense of community.
What are some fun things to do in Short Hills?
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There are plenty of fun things to do in Short Hills, including visiting the Greenwood Gardens, a 28-acre formal Italianate garden, and exploring the Cora Hartshorn Arboretum and Bird Sanctuary. You can also shop and dine at The Mall at Short Hills, which offers a variety of stores and restaurants, such as Eataly and Legal Sea Foods.
What is the food scene like in Short Hills?
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The food scene in Short Hills is vibrant and diverse, with a range of restaurants offering different cuisines. You can find everything from fine dining at restaurants like Lorena's and The Huntley Taverne, to more casual options like Boxcar Bar and Grill and Liv Breads Artisan Bakery and Coffee Bar. There are also plenty of great food trucks and cafes in the area.
What are the pros and cons of living in Short Hills?
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The pros of living in Short Hills include its good schools, low crime rates, and strong sense of community. The area also offers a range of outdoor activities, such as hiking and biking, and is close to New York City. However, the cons include high property taxes and a relatively high cost of living. Additionally, some areas of Short Hills can be quite crowded and traffic can be a problem during rush hour.
Is Short Hills a good place to live?
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Overall, Short Hills is a great place to live, offering a unique blend of natural beauty, outdoor recreation, and urban amenities. While it may have some drawbacks, such as high property taxes and crowds, the area's strong sense of community, good schools, and low crime rates make it an attractive option for families and individuals looking for a high quality of life. As with any place, it's worth weighing the pros and cons and visiting the area to get a sense of whether it's the right fit for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Short Hills NJ Commercial Property: $224,524
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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