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    495 Prospect Ave West Orange, NJ 07052

    For Lease
    Contact for pricing

    Multi-level retail space in West Orange community center.

    Property size:
    1,267 SF
    Lot size:
    29.02 Acres

    Property Features for 495 Prospect Ave

    General Information

    Size
    1,267 SF
    Lot size
    29.02 Acres

    Source: Katz & Associates - Corporate Agent Brian Katz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Renovated Center

    This multi-level retail space is located within a 336,160 square foot community center that has been recently renovated. The improvements include facade upgrades, as well as pylon and directional signage. The property is easily accessible from Route 280 and Mount Pleasant Avenue in a densely populated submarket. The surrounding area includes over 620,000 square feet of office space occupied by employers such as RWJ Barnabas Health, Shahinian & Giantomasi PC, and Chiesa. The property is in close proximity to the West Orange Public Library and several large multi-family developments. The property has been a retail destination serving the greater West Orange market for over 80 years. The available retail space is 1,267 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -74.255191
    Latitude
    40.790219

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    FAQs

    What type of property is this?
    Shopping mall - Multi-level retail space in West Orange community center.
    Where is this shopping mall located?
    The property is located at 495 Prospect Ave West Orange, NJ.
    What are key features of this property?
    This property features: - Preeminent retail destination serving the West Orange market for 80+ years.; - 336,160 SF Community Center.; - Newly renovated with façade upgrades and new signage.
    (201) 731-8511
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    Realmo Value Estimation

    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.

    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.

    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
    495 Prospect Ave West Orange, NJ 07052
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