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    RE/MAX SELECT

    One Madison Ave - East Bldg., Morristown, NJ 07960
    (973) 539-6300
    Size: 10+ agents

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    Minnesota

    New Jersey

    Property Types

    • Commercial Sale
    • Residential Multi Family
    • Land
    • Commercial Lease

    Listings

    For Sale (51)

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    Established Pizza Shop with Apartment
    $450,000
    0.06 Acres

    Established Pizza Shop with Apartment

    Restaurant with apartment for sale in high-traffic location.

    553 Grove St, Irvington, NJ 07111
    View details
    Updated Multi-Family Home, Low Taxes
    $534,900
    0.06 Acres

    Updated Multi-Family Home, Low Taxes

    Updated two-family home in Newark City with incredibly low taxes.

    491 S 17Th St, Newark, NJ 07103
    View details
    Income Producing Commercial Building
    $145,000
    0.10 Acres

    Income Producing Commercial Building

    Well-maintained commercial building in downtown Mora, currently income producing.

    221 Union St S, Mora, MN 55051
    View details
    Union City Mixed-Use Investment
    $899,000
    0.06 Acres

    Union City Mixed-Use Investment

    Mixed-use property with apartments and commercial space in Union City.

    1011 Summit Ave, Union City, NJ 07087
    View details
    28.80 Acres Near Golf Resort
    $299,900
    28.80 Acres

    28.80 Acres Near Golf Resort

    Large parcel near Crystal Springs Golf Resort and Great Gorge.

    3725 Rt 94, Hamburg, NJ 07419
    View details
    Multi-Family Home with Garage
    $580,000

    Multi-Family Home with Garage

    Meticulously maintained multi-family home with parking and income potential.

    922 Grove St, Irvington, NJ 07111
    View details
    Versatile Commercial Property on Pompton Avenue
    $2,500,000
    8,757 SF

    Versatile Commercial Property on Pompton Avenue

    Expansive commercial property with retail, shop, office, and storage.

    1190 Pompton Ave, Cedar Grove, NJ 07009
    View details
    Renovated Office Building in Newton
    $380,000
    4,096 SF

    Renovated Office Building in Newton

    Newly renovated office building with flexible configuration options and excellent visibility.

    11 High St, Newton, NJ 07860
    View details
    North Arlington Two-Family Property
    $1,125,000

    North Arlington Two-Family Property

    Two-family property for sale in North Arlington, New Jersey.

    551 Schuyler Ave, North Arlington, NJ 07031
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    Spacious Multi-Family Residence in Newark
    $700,000
    3,700 SF

    Spacious Multi-Family Residence in Newark

    3,700 sq ft three-family residence with strong income potential.

    266 Littleton Ave, Newark, NJ 07103
    View details
    Union Twp. Multi-Family Home
    $900,000
    0.12 Acres

    Union Twp. Multi-Family Home

    Spacious two-family home in Union Twp., ideal for investment.

    1029 Gifford Ct, Union, NJ 07083
    View details
    Historic Victorian Fourplex in Boonton
    $1,795,000
    6,000 SF

    Historic Victorian Fourplex in Boonton

    Renovated 4-unit property with modern updates and historic charm.

    314 Cornelia St, Boonton, NJ 07005
    View details
    Established Outdoor Power Equipment Shop
    $200,000
    8,757 SF

    Established Outdoor Power Equipment Shop

    Turnkey business opportunity with loyal customer base in Northern New Jersey.

    1190 Pompton Ave, Cedar Grove, NJ 07009
    View details
    Turnkey Multi-Family Property
    $799,001
    0.06 Acres

    Turnkey Multi-Family Property

    Spacious 7-bedroom, 5-bath multi-family near highways and transportation.

    452 Broadway, Elizabeth, NJ 07206
    View details
    Newark City Multi-Family Investment Opportunity
    $549,900
    0.09 Acres

    Newark City Multi-Family Investment Opportunity

    Three-unit property with parking, ideal for renovation and rental income.

    455 N 12Th St, Newark, NJ 07107
    View details
    Mixed-Use Building: Three Revenue Streams
    $279,999
    9,999 SF

    Mixed-Use Building: Three Revenue Streams

    Mixed-use property with residential, retail, and storage income potential.

    35 Main St, Sussex, NJ 07461
    View details
    Residential Land in Prime Location
    $79,900
    0.58 Acres

    Residential Land in Prime Location

    Build your dream home on this beautiful piece of land.

    468 W Mountain Rd, Sparta, NJ 07871
    View details
    Newark City Multi-Family Property
    $849,000
    0.05 Acres

    Newark City Multi-Family Property

    Three-story multi-family property in Newark City, NJ.

    143 Walnut St, Newark, NJ 07105
    View details
    Two-Family Home Near Manhattan
    $799,000

    Two-Family Home Near Manhattan

    Two-family property with bonus apartment, near transportation and Manhattan views.

    6011 Van Buren Pl, West New York, NJ 07093
    View details
    South Orange Village Triplex
    $849,000
    3,268 SF

    South Orange Village Triplex

    Well-maintained triplex near NYC transportation, shopping, dining, and parks.

    19 Montrose St, South Orange, NJ 07079
    View details
    Renovated Two-Family Near NYC Transit
    $1,125,000
    2,244 SF

    Renovated Two-Family Near NYC Transit

    Turnkey two-family with income potential, close to NYC transit.

    551 Schuyler Ave, North Arlington, NJ 07031
    View details
    Residential Land with RV Included
    $49,000
    0.60 Acres

    Residential Land with RV Included

    Land with 2021 Heartland Milestone RV near Mille Lacs.

    18958 Sugarbush Cir, Garrison, MN 56450
    View details
    Land in Lake Hopatcong Area
    $85,000
    0.33 Acres

    Land in Lake Hopatcong Area

    Land with potential in a desirable Lake Hopatcong location.

    280 Espanong Rd, Jefferson Twp, NJ 07849
    View details
    Prime Retail Location on US 46
    $3,100,000
    4,000 SF

    Prime Retail Location on US 46

    High-visibility retail property with ample parking and easy access.

    1106 Route 46, Parsippany, NJ 07054
    View details
    City Of Orange Multi-Family Property
    $440,000
    2,658 SF

    City Of Orange Multi-Family Property

    Multi-family property in City Of Orange Twp., NJ for sale.

    208 Duane St, Orange, NJ 07050
    View details
    Well-Maintained Two-Family Home
    $635,000
    2,439 SF

    Well-Maintained Two-Family Home

    Legal 2-family home in Elizabeth, close to transportation and amenities.

    312 S Spring St, Elizabeth, NJ 07201
    View details
    Two Family with Bonus Unit
    $750,000

    Two Family with Bonus Unit

    Two-family property with bonus unit, updated basement, and parking.

    289 Center St, Orange, NJ 07050
    View details
    Newark City Multi-Family Opportunity
    $500,000
    0.04 Acres

    Newark City Multi-Family Opportunity

    Two-family property in the Ironbound section, convenient to transportation and amenities.

    168 Christie St, Newark, NJ 07105
    View details
    Two Family with Bonus Unit
    $750,000
    0.10 Acres

    Two Family with Bonus Unit

    Two-family property with bonus unit, updated basement, and ample parking.

    289 N Center St, Orange, NJ 07050
    View details
    Newark City Multi-Family Investment
    $399,000
    0.06 Acres

    Newark City Multi-Family Investment

    Three-story multi-family property in Newark City, great investment opportunity.

    783 S 13Th St, Newark, NJ 07108
    View details
    Renovated Multi-Family Property
    $779,000
    0.07 Acres

    Renovated Multi-Family Property

    Turnkey multi-family property with income potential near transportation and amenities.

    562 Tremont Ave, Orange, NJ 07050
    View details
    16+ Acres in Vernon Twp.
    $225,000
    16.38 Acres

    16+ Acres in Vernon Twp.

    Residential land for sale in Vernon Twp., New Jersey.

    134-136 Rt515, Vernon, NJ 07462
    View details
    Mora, MN - 40 Acres
    $190,000
    40.00 Acres

    Mora, MN - 40 Acres

    40 acres of land perfect for building or hobby farm.

    Xxx Hwy 23, Mora, MN 55051
    View details
    Mora, MN 30-Acre Land
    $155,000
    30.00 Acres

    Mora, MN 30-Acre Land

    30 acres of pasture, woods, and tillable land.

    Xxx Hwy 23, Mora, MN 55051
    View details
    Multi-Family in West New York
    $799,000
    0.06 Acres

    Multi-Family in West New York

    Two-family property with bonus apartment and finished basement near Manhattan.

    6011 Van Buren Pl, West New York, NJ 07093
    View details
    Newark Two-Family Home For Sale
    $540,000
    0.06 Acres

    Newark Two-Family Home For Sale

    Well-maintained two-family home in a convenient Newark location.

    50 Palm St, Newark, NJ 07106
    View details
    Prime Fairfield Commercial Investment Opportunity
    $1,450,000
    4,584 SF

    Prime Fairfield Commercial Investment Opportunity

    Shopping strip with five units, high visibility, and immediate returns.

    24 Little Falls Rd, Fairfield Twp, NJ 07004
    View details
    Branchville Land with Development Potential
    $849,900
    48.62 Acres

    Branchville Land with Development Potential

    48.63 acres in Branchville with development and subdivision possibilities.

    136 Wantage Ave, Branchville, NJ 07826
    View details
    Residential Lot Near Holiday Lake
    Contact for pricing
    0.38 Acres

    Residential Lot Near Holiday Lake

    Residential lot near Holiday Lake and High Point Country Club.

    260 Old Chimney Rdg Rd, Montague, NJ 07827
    View details
    Residential Land in Smoke Rise
    $179,000
    2.14 Acres

    Residential Land in Smoke Rise

    Residential land with view in Kinnelon Boro, NJ.

    398 Ski Trl, Butler, NJ 07405
    View details
    Residential Land in Vernon Twp.
    $195,000
    4.08 Acres

    Residential Land in Vernon Twp.

    4.08 acre residential lot in a wooded setting.

    473 County Route 515, Vernon, NJ 07462
    View details
    Newark Two-Family Home For Sale
    $540,000

    Newark Two-Family Home For Sale

    Well-maintained two-family home in Newark's Lower Vailsburg section.

    50 Palm St, Newark, NJ 07106
    View details
    Irvington Two-Family Residential Property
    $580,000

    Irvington Two-Family Residential Property

    Two-family residential property for sale in Irvington, New Jersey.

    922 Grove St, Irvington, NJ 07111
    View details
    Residential Lot in Vernon Twp.
    $175,000
    3.50 Acres

    Residential Lot in Vernon Twp.

    Approved 3.5-acre residential lot ready for new construction.

    487 County Route 515, Vernon, NJ 07462
    View details
    Downtown Warehouse with Office Space
    Contact for pricing

    Downtown Warehouse with Office Space

    Warehouse with office, kitchen, bathroom, and parking in downtown.

    834 1St St, Secaucus, NJ 07094
    View details
    Paved, Fenced Commercial Property
    $1,100,000
    1,500 SF

    Paved, Fenced Commercial Property

    Commercial property with paved yard, fenced perimeter, and flexible building.

    435 Burnside St, Orange, NJ 07050
    View details
    Downtown Mora Professional Services Building
    Contact for pricing
    2,560 SF

    Downtown Mora Professional Services Building

    Income-producing commercial building in downtown Mora, Minnesota.

    221 Union St S, Mora, MN 55051
    View details
    Ironbound Two-Family Home For Sale
    $500,000

    Ironbound Two-Family Home For Sale

    Two-family property in Newark's Ironbound section, convenient location.

    168 Christie St, Newark, NJ 07105
    View details
    192 Boston Ave, Hillside Twp., NJ 07205-2632
    $650,000

    192 Boston Ave, Hillside Twp., NJ 07205-2632

    Duplexes

    192 Boston Ave, Hillside, NJ 07205
    View details
    Sussex Boro Land For Sale
    $279,999

    Sussex Boro Land For Sale

    Land available for sale in Sussex Boro, New Jersey.

    35 Main St, Sussex, NJ 07461
    View details
    Orange Multifamily Property for Sale
    Contact for pricing
    1,265 SF

    Orange Multifamily Property for Sale

    Multifamily property in Orange, NJ, featuring 1265 square feet.

    208 Duane St, Orange, NJ 07050
    View details

    For Lease (7)

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    Elizabeth Avenue Storefront For Rent
    $4,000 / Mo
    2,614 SF

    Elizabeth Avenue Storefront For Rent

    High-visibility retail or office space in Elizabeth's business district.

    905 Elizabeth Ave, Elizabeth, NJ 07201
    View details
    Fairfield Commercial Space For Rent
    $1,850 / Mo
    800 SF

    Fairfield Commercial Space For Rent

    Commercial space in Fairfield Twp., NJ, suitable for various businesses.

    24 Little Falls Rd, Fairfield Twp, NJ 07004
    View details
    Newly Constructed Commercial Space Available
    $5,500 / Mo

    Newly Constructed Commercial Space Available

    4,500 sq ft commercial space with versatile layout.

    127 Coit St, Irvington, NJ 07111
    View details
    Customizable Commercial Space in Boonton
    Contact for pricing

    Customizable Commercial Space in Boonton

    Second-floor commercial space ready for build-out in Del's Village.

    360 Hawkins Pl, Boonton, NJ 07005
    View details
    Renovated Apartment on Spring Street
    $1,695 / Mo

    Renovated Apartment on Spring Street

    Spacious, renovated first-floor apartment near shopping, dining, and transportation.

    196 Spring St, Newton, NJ 07860
    View details
    Spacious Second Floor Unit
    $2,390 / Mo

    Spacious Second Floor Unit

    Move-in ready unit with parking and shared backyard.

    900 S Park Ave, Linden, NJ 07036
    View details
    Spacious Apartment in Newton, NJ
    $2,300 / Mo

    Spacious Apartment in Newton, NJ

    Well-kept 2-bedroom apartment near downtown Newton amenities.

    88 Trinity St, Newton, NJ 07860
    View details

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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
    RE/MAX SELECT
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