Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    460 Park Ave Scotch Plains, NJ 07076

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with natural light, hardwood floors, and private restroom.

    Lot size:
    0.32 Acres

    Property Features for 460 Park Ave

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1928

    We can help!

    Listing Contact
    Deborah Zamora
    Source: Elliman

    Listing Agent: Deborah Zamora

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

    Learn more

    Overview

    Professional Office Space for Rent

    This professional office space, encompassing approximately 425 square feet, is located on the second floor of the building. The suite features large windows that provide ample natural light. The space includes hardwood floors and a private restroom. Flexible lease terms are available.
    Location Intelligence

    Current Use by Public Records

    Nj Top Doc's Marketing Consultant Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Investment Service Power Technology Consultants Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scotch Plains
    County
    Union
    State
    New Jersey
    Longitude
    -74.3969195
    Latitude
    40.6494335

    Nearby Similar for Lease

    • $20 SF/Yr
      Pending

      Adaptable Commercial Space For Rent

      Professionally finished commercial space suitable for medical or professional services.
      2350 South Ave, Scotch Plains, NJ 07076
      View Details
    • $2,200 /Mo

      High-Visibility Retail Space on Route 22

      Prime retail space with high traffic and flexible layout.
      1943 Us Highway 22, Scotch Plains, NJ 07076
      View Details
    • $1,675 /Mo
      10,454 SF

      Newly Renovated Office Space Available

      Renovated office space with kitchenette, bathroom, and storage.
      Twp Scotch Pln, Scotch Plains, NJ 07076
      View Details
    • $1,600 /Mo
      10,454 SF

      Renovated Office Space Available

      Renovated office space in light industrial area, available November 1.
      Twp Scotch Pln, Scotch Plains, NJ 07076
      View Details
    • $1,000 /Mo
      10,454 SF

      Renovated Office Space For Rent

      Renovated office space on a highly traveled road in New Jersey.
      Twp Scotch Pln, Scotch Plains, NJ 07076
      View Details
    • $2,250 /Mo
      10,454 SF

      Office Space in Scotch Plains

      Private office with reception, bath, and parking near Route 22.
      219 Park Ave, Scotch Plains, NJ 07076
      View Details
    • $1,600 /Mo

      Downtown Scotch Plains Commercial Space

      Efficient workspace ideal for medical, office, or retail use.
      1814 East 2Nd St, Scotch Plains, NJ 07076
      View Details
    • $955 /Mo

      High-End Executive Office Suite

      Shared executive office suite with included amenities and utilities.
      210 Haven Ave, Scotch Plains, NJ 07076
      View Details
    • $1,800 /Mo

      Scotch Plains Second-Floor Apartment

      One-bedroom apartment in Scotch Plains near shops and transportation.
      1595 E 2Nd St, Scotch Plains, NJ 07076
      View Details
    • Contact for pricing
      1,800 SF

      Scotch Plains Office Space Available

      Office unit for lease in Scotch Plains, New Jersey.
      223 Park Ave, Scotch Plains, NJ 07076
      View Details
    • $1,150 /Mo

      Renovated Office Space Available

      Renovated office space with parking and convenient highway access.
      2504 Plainfield Ave, Scotch Plains, NJ 07076
      View Details
    • $1,775 /Mo

      Renovated Office Space For Lease

      Newly renovated office space with kitchenette and private bathroom.
      2504 Plainfield Ave, Scotch Plains, NJ 07076
      View Details

    FAQs

    What type of property is this?
    Office space - Office space with natural light, hardwood floors, and private restroom.
    Where is this office space located?
    The property is located at 460 Park Ave Scotch Plains, NJ.
    What are key features of this property?
    This property features: - Professional office space with approximately 425 sq ft.; - Large windows providing natural light.; - Private restroom.
    (908) 956-8626
    Request Owner's contact information
    460 Park Ave Scotch Plains, NJ 07076
    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.
    460 Park Ave
    Scotch Plains, NJ 07076
    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
    460 Park Ave Scotch Plains, NJ 07076
    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

    We can help!
    Listing Contact
    Deborah Zamora
    (908) 956-8626
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.