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    The Largest CRE Database in the US with Over 1 Million Listings

    171 Maplewood Ave Maplewood, NJ 07040

    Sponsored
    For Sale
    $2,250,000

    Commercial - Maplewood Twp., NJ

    Property size:
    4,736 SF
    Lot size:
    0.04 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 3 at 4:06 am

    Property Features for 171 Maplewood Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RB Retail Bus
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,736 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1921
    Floors in Building
    3
    Number of units
    4
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    CHERYL DARMANIN

    NJ Metro Group LLC (973) 783-7400

    Listing agent CHERYL DARMANIN (973) 783-7400

    Listing date Jan 28, 2026

    MLS# 4007094 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

    Maplewood Mixed-Use Corner Property

    Located in the heart of Maplewood Village, this mixed-use corner property at 171 Maplewood Avenue is a fully leased building situated at the intersection of Maplewood Avenue and Highland Avenue. The property features one ground-floor commercial space with frontage and signage opportunities, accompanied by three residential apartments above. The residential units include two one-bedroom units and one three-bedroom unit, all occupied by long-term tenants. Additional features of the property include private rear access and basement storage. The location benefits from foot traffic and exposure, with on-street and nearby municipal parking available. The property is zoned in an area that allows for potential vertical expansion, subject to approvals. The property is situated in Maplewood Village, near boutiques, cafes, and NJ Transit access. The property, with a size of 4736 square feet and a lot size of 0.04 acres, is located in an area zoned RB Retail Bus. It is suitable for investors seeking stabilized income with future upside or owner-users planning for future occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Noiré Dispensary Maplewood (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Essex
    State
    New Jersey
    Longitude
    -74.27812
    Latitude
    40.73076

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property in Maplewood Village with income potential.
    Where is this mixed-use property located?
    The property is located at 171 Maplewood Ave Maplewood, NJ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Prime corner location in the heart of Maplewood Village at the intersection of Maplewood and Highland Avenue.; - Fully leased mixed-use property with diversified income stream from commercial and residential tenants.; - Strong blend of stability and upside potential in a desirable downtown location.
    (973) 783-7400
    Request Owner's contact information
    171 Maplewood Ave Maplewood, NJ 07040
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    Maplewood, NJ 07040
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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
    171 Maplewood Ave Maplewood, NJ 07040
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    We can help!
    Listing Contact
    CHERYL DARMANIN
    (973) 783-7400
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