Add Listing
    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

    416 Pleasant Valley Way West Orange, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story office/medical building with finished basement and ample parking.

    Type:OFFICE
    Property size:
    19,263 SF
    Lot size:
    0.30 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    241
    Last Refresh:
    Apr 1 at 8:12 pm

    Property Features for 416 Pleasant Valley Way

    General Information

    Standard status
    Active
    Size
    19,263 SF
    Lot size
    0.30 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 416 Pleasant Valley Way Contact us

    We can help!

    Listing Contact
    James Medenbach
    James Medenbach

    Listing agent James Medenbach License #1648648

    Listing office JLL | Parsippany

    Listing date Aug 6, 2025

    Source Moodyscre

    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 JLL | Parsippany

    Overview

    Two-Story Office/Medical Building For Sale

    This two-story office/medical building includes a full finished basement with approximately 7,000 square feet of storage space. The property features 87 on-site parking spaces. It is located adjacent to I-280, the Garden State Parkway, and I-80. The building is suitable for medical, dental, physical therapy, legal, and general office uses, as well as businesses requiring high parking capacity. The total property size is 19,263 square feet. Wells Fargo has a long-term lease. Approximately 546 square feet is currently vacant, while 11,153 square feet is leased on a month-to-month basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2598
    Latitude
    40.8116

    Nearby Similar for Sale

    • $815,000
      2,461 SF

      West Orange Medical Building For Sale

      Two-story medical building near Cooperman Barnabas Medical Center.
      767 Northfield Ave, West Orange Twp., NJ 07052-1194
      View Details
    • $1,100,000
      1,579 SF

      Established Tavern with Residential Apartment

      Well-established tavern with liquor license, kitchen, and residential apartment.
      45 Freeman Street, West Orange, NJ 07052
      View Details
    • $1,100,000

      Established Tavern with Liquor License

      Turnkey tavern with real estate, liquor license, and residential apartment.
      45 Freeman Street, West Orange, NJ 07052
      View Details
    • $2,200

      Renovated Commercial Space in West Orange

      Fully renovated commercial space with modern upgrades and functional layout.
      43 Washington St, West Orange Twp., NJ 07052
      View Details
    • $250,000
      800 SF

      West Orange Retail Investment Opportunity

      Two retail units for sale in West Orange, New Jersey.
      427 429 Main St, West Orange Twp., NJ 07052-5722
      View Details
    • $699,000

      Three-Story Multi-Family Home

      Two-family home with potential third unit in West Orange.
      425 Main St, West Orange Twp., NJ 07052-5722
      View Details
    • $30,000
      1,300 SF

      West Orange Retail Business Opportunity

      Fully equipped hair salon with rooms for additional services.
      310 Main St, West Orange Twp., NJ 07052-5628
      View Details
    • $799,900

      West Orange Multi-Family Property

      Multi-family property for sale in West Orange Twp., NJ.
      32 Edisonia Ter, West Orange Twp., NJ 07052-5602
      View Details
    • $900,000

      West Orange Two-Family Home

      Two-family home with bonus third floor in West Orange.
      54 Riggs Pl, West Orange Twp., NJ 07052-5212
      View Details
    • Contact for pricing
      10,000 SF

      Medical Building For Sale

      10,000 SF medical building with lease opportunity.
      1001 Pleasant Valley Way, West Orange, NJ 07052
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office/medical building with finished basement and ample parking.
    Where is this office building located?
    The property is located at 416 Pleasant Valley Way West Orange, NJ.
    What are key features of this property?
    This property features: High parking capacity with **87 on‑site spaces**.; Excellent location adjacent to I‑280, Garden State Parkway, and I‑80.; Existing long‑term lease with Wells Fargo.
    (973) 829-4800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Medenbach
    James Medenbach
    Real Estate License ID: 1648648
    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!