Mixed-Use Building with Garage
For Sale
$285,900
84 BELL ST, Orange, NJ 07050
One-story mixed-use building with garage doors, currently rented.
Property Size1,725 SF
Lot Size0.06 Acres
Price / SF$165.74
Days on Market683
Property Features for 84 BELL ST
General Information
Standard status
Active
Size
1,725 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,694
Amenities
Central air
1 Unit Cooling
1 Unit Heating
Central Air Cooling
Flat Roof
Forced Hot Air Heating
On-Street Parking
Rubberized Roof
Building Details
Year Built
1959
Listing Agency:
GLOBAL REALTY RESOURCE
(888) 582-2232
Listed By:
PAUL ANYANWU · License #238478
(973) 731-1200
Source:
Corcoran
Added: Oct 21, 2024
Changed: Sep 2
Last Checked: Sep 1 at 8:31PM
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 GLOBAL REALTY RESOURCE
Investment Insights
Based on property information with market context.
This one-story mixed-use building is suitable for warehouse, retail, or storage purposes. It features two garage overhead doors and central air conditioning. The property is currently rented on a month-to-month basis and is zoned commercial. The building has a size of 1725 square feet.
Key Highlights
- Mixed‑Use: Suitable for warehouse, retail, or storage.
- Two Garage Overhead Doors: Facilitates easy loading and unloading.
- Central Air Conditioning and Heating: Provides climate control.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,621
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,420
$492.4K
Cap Rate 7%
$351,729
$351.7K
Cap Rate 9%
$273,567
$273.6K
Market Conditions
NOI Build-Up for 1,725 SF
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.
Gross rent
$37.3K $21.60/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$35.2K $20.39/SF
− OpEx
−$10.6K −$6.12/SF
NOI
$24.6K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,420
Cap Rate 7%
$351,729
Cap Rate 9%
$273,567
Alternative Uses
Best Use
Retail
$351.7K
$307.8K – $410.4K
NOI $24,621 @ 7.0% cap · market cap 8.61%
Second Best
Warehouse
$342.9K
$300.0K – $400.0K
NOI $24,002 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$450.4K
$394.1K – $525.5K
NOI $31,530 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 07050, NJ
34,315
Population
13,412
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
2.2 sq mi
ZIP Area
15,598
Density / Sq Mi
$53,109
Median Household Income
$38,587
Median Earnings
$1,427
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - One-story mixed-use building with garage doors, currently rented.
Where is this mixed-use property located?
The property is located at 84 BELL ST Orange, NJ.
What is the asking price?
The asking price for this property is $285,900.
What are key features of this property?
This property features: Mixed‑Use: Suitable for warehouse, retail, or storage.; Two Garage Overhead Doors: Facilitates easy loading and unloading.; Central Air Conditioning and Heating: Provides climate control.
