Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Tony Galento Plz Orange, NJ 07050

    Sponsored
    For Sale
    Pending
    $360,000

    Commercial - City Of Orange Twp., NJ

    Lot size:
    0.04 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 28 at 8:06 pm

    Property Features for 16 Tony Galento Plz

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Other (Heating), Steam
    Cooling system
    Central Air

    Building Details

    Year built
    1868
    Floors in Building
    2
    Number of units
    2
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    SCOTT SHUMAN

    Keller Williams Realty (908) 273-2991

    Listing agent SCOTT SHUMAN (908) 273-2991

    Listing date Jan 23, 2026

    MLS# 4005087 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Building in Orange, NJ

    This commercial building is located in the heart of Orange, NJ. The classic masonry property offers excellent street visibility and a functional, flexible layout suitable for a variety of professional uses. It presents a great opportunity for investment or owner-use, with potential for value-add improvements in a high-demand commercial corridor. The current interior layout features two separate units, each with its own entrance and bathroom. The lower level includes valuable bonus space, with a large storage area and another bathroom. The property is ideally positioned close to the NJ Transit train station and the Midtown Direct train to Manhattan, with convenient access to major roadways including I-280 and the Garden State Parkway, as well as routes to Newark and New York City. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turano Agency Inc Insurance Agency Morris Mortgage Inc Mortgage Lender

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Freedom Gifts and Flower Shop

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.23226
    Latitude
    40.77262

    Nearby Similar for Sale

    • $999,000
      Pending

      Four-Family Property in City Of Orange

      Four-family property with rental income potential and dedicated parking.
      222 Park Ave, Orange, NJ 07050
      View Details
    • $510,000
      0.11 Acres

      City Of Orange Triplex

      Three-unit property with income potential in City Of Orange.
      271 Mount Vernon Ave, Orange, NJ 07050
      View Details
    • $549,999
      0.15 Acres

      Value-Add Multi-Family in Orange, NJ

      Two-family property with renovation potential near transportation and highways.
      70 N Essex Ave, Orange, NJ 07050
      View Details
    • $950,000
      Pending

      Mixed-Use Property in City Of Orange

      Turn-key mixed-use property with retail and residential units.
      580 Scotland Rd, Orange, NJ 07050
      View Details
    • $749,900
      4,800 SF

      Spacious Commercial Building/House of Worship

      Commercial building/House of Worship in quiet residential arts district.
      668 Forest St, Orange, NJ 07050
      View Details
    • $750,000

      Three-Story Multifamily Property in Orange

      Three-story multifamily property with modern amenities and strong rental potential.
      289 Center St, Orange, NJ 07050
      View Details
    • $2,200,000
      5,500 SF

      Commercial Property Near Train Station

      Two lots with covered and open space near Highland Ave train.
      419-425 Valley St, Orange, NJ 07050
      View Details
    • $2,599,000

      Redevelopment Opportunity in Central Orange

      Warehouse with retail and office space in Central Orange.
      43 Central Ave, Orange, NJ 07050
      View Details
    • $2,599,000
      14,015 SF

      Warehouse with Retail and Office

      14,015 SF warehouse with retail and office space.
      43 Central Ave, Orange, NJ 07050
      View Details
    • $549,000
      Pending

      Renovated Multi-Family Home, Orange

      Renovated two-family home in Orange with potential for rental income.
      216 Oakwood Pl, Orange, NJ 07050
      View Details
    • New
      $350,000
      0.08 Acres

      Mixed-Use Property with Renovated Storefront

      Renovated mixed-use property featuring a 3-bedroom apartment and commercial space.
      647 Scotland Rd, Orange, NJ 07050
      View Details
    • $450,000
      0.06 Acres

      Multi-Family Home in City Orange

      Well-maintained two-family home near transportation and highways.
      669 Scotland Rd, Orange, NJ 07050
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building in the heart of Orange, NJ, for sale.
    Where is this storefront property located?
    The property is located at 16 Tony Galento Plz Orange, NJ.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Orange, NJ with excellent street visibility.; - Close proximity to NJ Transit train station and Midtown Direct train to Manhattan.; - Flexible layout suitable for various professional uses, offering **two separate units each with its own entrance and bathroom.**
    (908) 273-2991
    Request Owner's contact information
    16 Tony Galento Plz Orange, NJ 07050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 Tony Galento Plz
    Orange, NJ 07050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16 Tony Galento Plz Orange, NJ 07050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    SCOTT SHUMAN
    (908) 273-2991
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.