Mixed-Use Property in Maplewood
For Sale
$1,500,000
Pending
499 Valley St, Maplewood, NJ 07040
Well-maintained mixed-use investment property with strong rental income potential.
Property Size9,999 SF
Days on Market145
Property Features for 499 Valley St
General Information
Standard status
Pending
Size
9,999 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,166
Building Details
Building Size
9,999 SF
Year Built
1922
Stories
3
Units
3
Listing Agency:
COMPASS NEW JERSEY, LLC
Listed By:
PETER DECICCO
(973) 310-6816
Source:
Elliman
Added: Apr 11
Changed: Aug 14
Last Checked: Sep 1 at 8:52PM
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 COMPASS NEW JERSEY, LLC
Investment Insights
Based on property information with market context.
This mixed-use property in Maplewood features a renovated two-family home and a separate single-story commercial office space. The residential building has updated kitchens, modern bathrooms, and refreshed flooring. Tenants have access to the basement with two separate washers and dryers, and the 3rd floor can be used as office space, a recreation area, or for storage. The street-level commercial office space offers visibility and flexibility for various uses. The property is located near the Maplewood train station and Maplewood Village, benefiting from foot traffic, nearby restaurants, shops, and access to NYC transportation. The property is suitable for investors seeking stable income or business owners desiring a high-traffic location while offsetting expenses with rental income. The location is very walkable with a score of 82 and somewhat bikeable with a score of 42.
Key Highlights
- Prime Location: Moments from Maplewood train station and Maplewood Village, offering high foot traffic and easy access to NYC transportation.
- Strong Rental Income Potential: Mixed‑use property with a renovated two‑family home and a separate commercial office space.
- Fully Renovated Residential Units: Recently and extensively renovated two‑family home with updated kitchens and modern bathrooms.
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
$137,986
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
9.20%
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%
$2,759,720
$2.8M
Cap Rate 7%
$1,971,229
$2.0M
Cap Rate 9%
$1,533,178
$1.5M
Market Conditions
NOI Build-Up for 9,999 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
$240.0K $24.00/SF
− Vacancy
−$19.2K −$1.92/SF
EGI
$220.8K $22.08/SF
− OpEx
−$82.8K −$8.28/SF
NOI
$138.0K $13.80/SF
Area
Essex County, NJ
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,759,720
Cap Rate 7%
$1,971,229
Cap Rate 9%
$1,533,178
Alternative Uses
Best Use
Multifamily LT 5
$2.39M
$2.09M – $2.79M
NOI $167,345 @ 7.0% cap · market cap 11.16%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,765 @ 7.0% cap · market cap 10.25%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,766 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 07040, NJ
25,684
Population
8,981
Households
2.9
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
6,586
Density / Sq Mi
$167,428
Median Household Income
$72,475
Median Earnings
$2,184
Median Rent
$684,600
Median Home Value
Market
Vacancy Rate% for Multifamily 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 - Well-maintained mixed-use investment property with strong rental income potential.
Where is this mixed-use property located?
The property is located at 499 Valley St Maplewood, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime Location: Moments from Maplewood train station and Maplewood Village, offering high foot traffic and easy access to NYC transportation.; Strong Rental Income Potential: Mixed‑use property with a renovated two‑family home and a separate commercial office space.; Fully Renovated Residential Units: Recently and extensively renovated two‑family home with updated kitchens and modern bathrooms.
