Corner Office Condo For
2 North Rd Chester, NJ 07930
2 North Rd, Chester, NJ, 07930
$349,900
Pending
For Sale
$349,900
Pending
High-visibility office condo with flexible layout and ample parking.
Property Size1,800 SF
Lot Size0.24 Acres
Days on Market133
Property Features for 2 North Rd
General Information
- Standard status
- Pending
- Size
- 1,800 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency
Keller Williams Realty Metropolitan
(201) 838-6367
Listed by
IAN A. WOLF
Source
Elliman
Added: Mar 10 Checked: Jul 19 at 5:00 am
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 Keller Williams Realty Metropolitan
Investment Insights
Based on property information with market context.
This is an opportunity to own an office condo situated in a corner location. The property features over 1800 square feet of space, including a conference area, kitchenette, five private offices, a reception area, and a private bathroom. The layout spans two floors. The property is zoned Office Professional and is currently used as the offices of a non-profit organization. Parking is available with 37 shared spots and two handicap spots. The property is located at the intersection of 24 and North Rd.
Key Highlights
- High‑visibility corner location at the intersection of 24 and North Rd.
- Large 1800+ sq ft office condo space.
- Includes 5 private offices, conference area, kitchenette, reception area, and private bathroom.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $30.00 |
| − Vacancy | −$17.3k | −$9.60 |
| EGI | $36.7k | $20.40 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $27.5k | $15.30 |
1,800 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cancer Hope Network
Charitable Organization
Anthony Delli Santi ...
Alternative Medicine Practice
Excel Urgent Care ...
Medical Clinic
Beyond Periodontics
Dental Office
Dr. Anthony Delli ...
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - High-visibility office condo with flexible layout and ample parking.
Where is this office units located?
The property is located at 2 North Rd Chester, NJ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: High‑visibility corner location at the intersection of 24 and North Rd.; Large 1800+ sq ft office condo space.; Includes 5 private offices, conference area, kitchenette, reception area, and private bathroom.
