Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    540 Washington Ave Belleville, NJ 07109

    View on Map
    Picture of Retail space at 540 Washington Ave, Belleville, NJ
    For Lease
    $2,500 /Mo

    Commercial - Belleville Twp., NJ

    Lot size:
    0.17 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 540 Washington Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Retail/Mixed
    Standard status
    Active
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    34918

    Building Details

    Year built
    1922
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    RIDHI RADIA

    Listing agent RIDHI RADIA

    Listing office REAL 165 PASSAIC AVE, Haddon Township, NJ

    Listing date Mar 13, 2026

    MLS# 4014503 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.

    Overview

    Retail Space on Main Street

    A large retail space is available on the main street in Belleville Township, New Jersey. The property is situated on a lot of approximately 0.17 acres. It offers excellent visibility and foot traffic, benefiting from its location on Washington Avenue. The space is surrounded by other shops and is conveniently located near public transportation, providing easy access to major highways. The zoning is Retail/Mixed. This location is suitable for a variety of retail or service businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Essex
    State
    New Jersey
    Longitude
    -74.147503
    Latitude
    40.7992357

    Nearby Similar for Lease

    • Contact for pricing

      Belleville Commercial Space Available

      1,000 sq ft commercial space in Belleville, NJ for rent.
      280 Washington Ave, Belleville Twp., NJ 07109-3158
      View Details
    • Contact for pricing

      Belleville Commercial Space For Rent

      500 sq ft commercial space in active Belleville corridor.
      280 Washington Ave, Belleville Twp., NJ 07109-3158
      View Details
    • Contact for pricing

      Belleville Commercial Space with Garage

      1500 sq ft commercial space with office and parking.
      56 Mill St, Belleville Twp., NJ 07109-3052
      View Details
    • Contact for pricing

      Retail Space in Belleville Twp.

      Retail property for lease in Belleville Twp., NJ.
      137-145 Washington Avenue, Belleville Twp., NJ 07109-2927
      View Details
    • Contact for pricing

      Belleville Twp. Office/Retail Space

      Renovated office/retail space available for immediate occupancy in Belleville Twp.
      268 Washington Ave, Belleville Twp., NJ 07109-3155
      View Details
    • Contact for pricing

      Belleville Twp. Commercial Space

      Commercial space for rent in Belleville Twp., NJ.
      135 Main St, Belleville Twp., NJ 07109-3013
      View Details
    • Contact for pricing

      Belleville Commercial Space For Lease

      Well-maintained commercial space suitable for office or medical use.
      144 Belmont #101, Belleville, NJ 07109
      View Details
    • Contact for pricing

      Belleville Commercial Space Available

      Vacant commercial space suitable for retail or office use.
      312 Washington Ave 1, Belleville, NJ 07109
      View Details
    • Contact for pricing

      Second-Floor Medical Office Space

      1,300 sq ft unfinished medical office space for rent.
      144 Belmont #201, Belleville, NJ 07109
      View Details
    • Contact for pricing

      Belleville Commercial Space For Lease

      Storefront suitable for various businesses in Belleville Twp., NJ.
      528 Union Avenue, Belleville Twp., NJ 07109-2200
      View Details
    • Contact for pricing

      Prime Retail Space in Silverlake

      Highly visible 600 SF retail space near light rail.
      105 Franklin St, Belleville Twp., NJ 07109
      View Details
    • Contact for pricing

      New Retail Space on Washington

      Ground-floor retail in new multifamily building, customizable space.
      740 Washington Avenue, Belleville Twp., NJ 07109
      View Details

    FAQs

    What type of property is this?
    Retail space - Large retail space in Belleville with high visibility.
    Where is this retail space located?
    The property is located at 540 Washington Ave Belleville, NJ.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Belleville's main street; High foot traffic area; Suitable for various retail or service businesses
    (855) 450-0442
    We can help!
    Listing Contact
    RIDHI RADIA
    Real Estate License ID: 1864225
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!