Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    268 Washington Ave Belleville, NJ 07109

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,800 /Mo

    Renovated office/retail space ready for immediate occupancy.

    Lot size:
    0.13 Acres

    Property Features for 268 Washington Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1922

    We can help!

    Listing Contact
    Joseph J. Scotto
    Source: Elliman

    Listing Agency: C-21 CEDARCREST REALTY Listing Agent: Joseph J. Scotto

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

    Learn more

    Overview

    Renovated Office/Retail Space Available

    This renovated space is suitable for office or retail use and is available for immediate occupancy. The property is ideal for a business owner looking to establish or expand their operations. The tenant is responsible for covering their own utility expenses.
    Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

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

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

    Similar Places Nearby

    Bitlynk Networks LLC, RPM Wireless Service Center, Mobile Tech Services llc., iphone Repair NJ, DynamiteTech

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1515754
    Latitude
    40.7900146

    Nearby Similar for Lease

    • New
      $2,500 /Mo
      1,500 SF

      Belleville Commercial Space For Rent

      1,500 sq ft commercial space with office and parking.
      56 Mill St, Belleville, NJ 07109
      View Details
    • $4,500 /Mo
      2,000 SF

      Retail Space in Belleville Twp.

      Retail property for lease in Belleville Twp., NJ.
      137-145 Washington Ave, Belleville, NJ 07109
      View Details
    • New
      $2,500 /Mo
      7,405 SF

      Retail Space on Main Street

      Large retail space in Belleville with high visibility.
      540 Washington Ave, Belleville, NJ 07109
      View Details
    • $1,800 /Mo
      587 SF

      Belleville Twp. Office/Retail Space

      Renovated office/retail space available for immediate occupancy in Belleville Twp.
      268 Washington Ave, Belleville, NJ 07109
      View Details
    • $1,200 /Mo

      Belleville Commercial Space For Lease

      Storefront suitable for various businesses in Belleville Twp., NJ.
      528 Union Ave, Belleville, NJ 07109
      View Details
    • $800 /Mo
      3,485 SF

      Belleville Twp. Commercial Space

      Commercial space for rent in Belleville Twp., NJ.
      135 Main St, Belleville, NJ 07109
      View Details
    • $3,400 /Mo

      Functional Office Space in Belleville

      Well-located office space ideal for professional use.
      335 Union Ave, Belleville, NJ 07109
      View Details
    • $3,400 /Mo

      Functional Office Space in Belleville

      Well-located office space ideal for professional use in Belleville.
      335 Union Ave, Belleville, NJ 07109
      View Details
    • $3,400 /Mo

      Functional Office Space in Belleville

      Well-located office space ideal for professional use in Belleville.
      335 Union Ave, Belleville, NJ 07109
      View Details
    • $4,000 /Mo

      Belleville Commercial Space For Lease

      Well-maintained commercial space suitable for office or medical use.
      144 Belmont Ave, Belleville, NJ 07109
      View Details
    • $4,000 /Mo

      Second-Floor Medical Office Space

      1,300 sq ft unfinished medical office space for rent.
      144 Belmont Ave, Belleville, NJ 07109
      View Details
    • $1,600 /Mo

      Prime Retail Space in Silverlake

      Highly visible 600 SF retail space near light rail.
      105 Franklin St, Belleville, NJ 07109
      View Details

    FAQs

    What type of property is this?
    Office property - Renovated office/retail space ready for immediate occupancy.
    Where is this office property located?
    The property is located at 268 Washington Ave Belleville, NJ.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: - Renovated for office/retail use; - Ready for immediate occupancy; - Suitable for business owners
    (201) 575-1456
    Request Owner's contact information
    268 Washington Ave Belleville, NJ 07109
    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.
    268 Washington Ave
    Belleville, NJ 07109
    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
    268 Washington Ave Belleville, NJ 07109
    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
    Joseph J. Scotto
    (201) 575-1456 (973) 228-1050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!