Office Unit with Shared
For Sale
Contact for pricing
113 Elmwood Ave Suite 5, East Orange, NJ 07018
Small office suite with utilities, shared kitchen access, and common-area parking.
Property Size150 SF
Price / SF$4.67
Days on Market51
Property Features for 113 Elmwood Ave Suite 5
General Information
Standard status
Active
Size
150 SF
Additional Details
Office Units
1
Amenities
shared kitchen
Building Details
Year Built
1940
Listing Agency:
BHHS JORDAN BARIS REALTY
Listed By:
PAMELA TAYLOR · License #279259
(917) 531-7983
Source:
Luminancerealty
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 6 at 12:00AM
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 BHHS JORDAN BARIS REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 5 is a 150-square-foot office unit within a 1940 administrative building in a historic East Orange complex. The space has three windows and currently includes a door that provides entry to Imani when unlocked. Utilities are included, while internet and phone service remain the tenant’s responsibility unless the lease states otherwise.
Tenants have access to a shared kitchen and common parking at the lot on Elmwood Ave and Madonna Pl. Parking is first come, first served, and overnight vehicle storage requires prior written consent. Regular building hours are Monday through Friday from 8:30am to 7:00pm, with Saturday access available by appointment or special arrangement. Extended access for events, workshops, or evening meetings may be requested with at least 48 hours’ advance notice.
Tenants have access to a shared kitchen and common parking at the lot on Elmwood Ave and Madonna Pl. Parking is first come, first served, and overnight vehicle storage requires prior written consent. Regular building hours are Monday through Friday from 8:30am to 7:00pm, with Saturday access available by appointment or special arrangement. Extended access for events, workshops, or evening meetings may be requested with at least 48 hours’ advance notice.
Key Highlights
- Suite 5 measures 150 square feet
- Three windows provide natural light
- Utilities included in the office suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,295
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,900
$45.9K
Cap Rate 7%
$32,786
$32.8K
Cap Rate 9%
$25,500
$25.5K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$4.5K $30.00/SF
− Vacancy
−$1.4K −$9.60/SF
EGI
$3.1K $20.40/SF
− OpEx
−$765 −$5.10/SF
NOI
$2.3K $15.30/SF
Area
Essex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,900
Cap Rate 7%
$32,786
Cap Rate 9%
$25,500
Alternative Uses
Best Use
Office B
$32.8K
$28.7K – $38.3K
NOI $2,295 @ 7.0% cap · market cap 327.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$39.2K
$34.3K – $45.7K
NOI $2,742 @ 7.0% cap · market cap 391.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 07018, NJ
30,429
Population
13,107
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
1.7 sq mi
ZIP Area
17,899
Density / Sq Mi
$59,039
Median Household Income
$39,630
Median Earnings
$1,410
Median Rent
$314,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Small office suite with utilities, shared kitchen access, and common-area parking.
Where is this office unit located?
The property is located at 113 Elmwood Ave Suite 5 East Orange, NJ.
What are key features of this property?
This property features: Suite 5 measures 150 square feet; Three windows provide natural light; Utilities included in the office suite
