1030 Park Avenue # 7B, Plainfield, NJ 07060
1200 sq ft office space suitable for professional services.
- Added:
- Jan 29, 2024
- Days on Market:
- 883
- Last Refresh:
- May 13 at 8:06 pm
Property Features for 1030 Park Avenue # 7B
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Land, Office
Listing office VRI HOMES (800) 531-2885
Listing date Jan 29, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of VRI HOMES
HighLights
- Includes existing dental practice and fixtures.
- 1200 sq ft of office or professional services space.
- Located in an Urban Enterprise Zone.
- Grant monies available for buyers and tenants.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $30.00 |
| − Vacancy | −$11.5k | −$9.60 |
| EGI | $24.5k | $20.40 |
| − OpEx | −$6.1k | −$5.10 |
| NOI | $18.4k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plainfield
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.41
- Latitude
- 40.609833
