Retail Storefront
For Sale
$2,584,000
127 Central Ave City of, Orange, NJ 07050
Built in 2018, this storefront property is located in Orange, New Jersey.
Property Size7,500 SF
Price / SF$344.53
Days on Market153
Property Features for 127 Central Ave City of
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Discount
Lease Type
NN
Amenities
Three 5-Year Renewal Options with 10% Increase at Each Option
Ranked in the Top 27% of Dollar General Stores Nationwide per Placer.ai
Located on Heavily Trafficked Central Avenue with Daily Traffic Counts Exceeding 19,000 Cars/Day
Building Details
Building Size
7,500 SF
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source:
Marcusmillichap
Added: May 16
Changed: Oct 6
Last Checked: Oct 14 at 7:43PM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This storefront property contains 7,500 square feet and was constructed in 2018. The asset is located at 127 Central Avenue in the City of Orange, Essex County, New Jersey, with a 07050 ZIP Code.
Key Highlights
- 7,500‑square‑foot storefront property
- Constructed in 2018
- Located at 127 Central Avenue, City of Orange, NJ 07050
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,050
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,141,000
$2.1M
Cap Rate 7%
$1,529,286
$1.5M
Cap Rate 9%
$1,189,444
$1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$162.0K $21.60/SF
− Vacancy
−$9.1K −$1.21/SF
EGI
$152.9K $20.39/SF
− OpEx
−$45.9K −$6.12/SF
NOI
$107.0K $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 Rate 5%
$2,141,000
Cap Rate 7%
$1,529,286
Cap Rate 9%
$1,189,444
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,088 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,482
Businesses Nearby
194k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 39%
Apparel 10%
Groceries 4%
McDonald's
Dining
44,610 visits/mo
0.5 miles
Wawa
Shops & Services
32,162 visits/mo
0.4 miles
Burger King
Dining
16,673 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,851 visits/mo
0.5 miles
MadRag
Apparel
10,215 visits/mo
0.5 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Built in 2018, this storefront property is located in Orange, New Jersey.
Where is this storefront property located?
The property is located at 127 Central Ave City of Orange, NJ.
What is the asking price?
The asking price for this property is $2,584,000.
What are key features of this property?
This property features: 7,500‑square‑foot storefront property; Constructed in 2018; Located at 127 Central Avenue, City of Orange, NJ 07050
