Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Commercial Building in Irvington Title is generated by Realmo AI

    87 Maple Ave, Irvington, NJ 07111

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $489,000

    Adaptable commercial building suitable for various uses in Irvington.

    Type:Commercial
    Property size:
    2,800 SF
    Price / SF:
    $174/SF
    Added:
    Apr 10, 2025
    Days on Market:
    395
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 87 Maple Ave

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    MARGARETTE ESTIL

    Listing agent MARGARETTE ESTIL

    Listing office RE/MAX FIRST REALTY II

    Listing date Apr 10, 2025

    Source Corcoran

    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 RE/MAX FIRST REALTY II

    HighLights

    • Versatile commercial building suitable for worship, warehouse, school, legal, or business office.
    • Conveniently located 2.5 blocks from Irvington Center Bus terminal and close to highways 78, 22, 21, and Garden State Parkway.
    • Spacious: 2,800 sq. ft. total (1,400 sq. ft. per floor).
    • Durable construction: Concrete floors, concrete block steel, and steel beams.
    • New flat rubber roof.
    • First floor loading/unloading capability with slide‑up garage door.

    Overview

    This commercial building offers 2,800 square feet of space across two floors, presenting a versatile opportunity for various uses including worship, warehousing, schooling, or office purposes. The first floor features an open layout with concrete floors, 14-foot high ceilings, and steel beams, suitable for loading and unloading with a slide-up garage door. The second floor includes four rooms, two bathrooms, and a kitchenette. Constructed with concrete block and steel, the building has a flat rubber roof. Located approximately two and a half blocks from the Irvington Center Bus terminal, the property provides convenient access to highways 78, 22, 21, and the Garden State Parkway. The property is sold in "As Is" condition, and buyers are responsible for obtaining the Certificate of Occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Irvington
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2236992
    Latitude
    40.7251836

    Nearby Similar for Sale

    • $879,000
      4,232 SF

      Turn-Key Fourplex in Irvington Twp.

      Income-producing fourplex with 9 bedrooms, close to amenities.
      124 Paine Ave, Irvington Twp., NJ 07111-2900
      View Details
    • $399,900

      Irvington Two-Story Multi-Family Opportunity

      Legal two-family property with value-add potential near Grove Street.
      357 16th Ave, Irvington Twp., NJ 07111-4506
      View Details
    • $580,000

      Multi-Family Home with Garage

      Meticulously maintained multi-family home with parking and income potential.
      922 Grove St, Irvington Twp., NJ 07111-4311
      View Details
    • $399,900
      2,300 SF

      Irvington Mixed-Use Reposition Opportunity

      Flexible residential/commercial property with repositioning potential in Irvington, NJ.
      357 16th Ave, Irvington Twp., NJ 07111-4506
      View Details
    • $649,999

      Renovated Income-Producing Multi-Family Property

      Turn-key, fully occupied 3-unit property with 8 bedrooms and 3 bathrooms.
      97 Hopkins Pl, Irvington Twp., NJ 07111-4305
      View Details
    • $699,999

      Renovated Two-Family Home Near Maplewood

      Gut-renovated two-family home near Maplewood border.
      16 Headley Ter, Irvington Twp., NJ 07111-1321
      View Details
    • $499,000
      3,078 SF

      Three-Family Property in Irvington, NJ

      Well-maintained three-family corner property with ample parking.
      186 Linden Avenue, Irvington, NJ 07111
      View Details
    • $599,988

      Irvington Two-Family Turnkey Investment

      Turnkey two-family home in Irvington, ready for immediate income.
      157 Myrtle Ave, Irvington Twp., NJ 07111-3358
      View Details
    • $625,000

      Renovated Multi-Family in Irvington

      Updated 3-family property with strong rental income potential.
      63 Linden Ave, Irvington Twp., NJ 07111-2520
      View Details
    • $650,000

      Irvington Three-Family Multifamily Property

      Three-family property in Irvington, ideal for investors or owner-occupants.
      59 Adams St, Irvington Twp., NJ 07111-2101
      View Details
    • $600,000

      Well-Maintained Irvington Multi-Family Property

      Three-unit property in Irvington with income potential and convenient location.
      37-39 Lenox Ave, Irvington Twp., NJ 07111-2111
      View Details
    • $585,000
      1,422 SF

      Turnkey Two-Family Home Near NYC

      Renovated two-family home with high-end finishes, near NYC.
      105 Coolidge St, Irvington Twp., NJ 07111-1109
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Adaptable commercial building suitable for various uses in Irvington.
    Where is this church & religious facility located?
    The property is located at 87 Maple Ave Irvington, NJ.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Versatile commercial building suitable for worship, warehouse, school, legal, or business office.; Conveniently located 2.5 blocks from Irvington Center Bus terminal and close to highways 78, 22, 21, and Garden State Parkway.; Spacious: 2,800 sq. ft. total (1,400 sq. ft. per floor).
    (908) 664-1500
    We can help!
    Listing Contact
    MARGARETTE ESTIL
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    87 Maple Ave, Irvington Twp., NJ 07111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!