Two-Story Office
For Sale
$1,750,000
1299 Us Highway 22, Mountainside, NJ 07092
The interior includes conference rooms, administrative space, a kitchenette, and dedicated technology space.
Property Size5,580 SF
Price / SF$313.62
Days on Market192
Property Features for 1299 Us Highway 22
General Information
Standard status
Active
Size
5,580 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$17,058
Amenities
signage opportunity
kitchenette area
Building Details
Building Size
5,580 SF
Year Built
1976
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
JANICE E GOOD-PIGA
(908) 233-5555
Source:
Thedoughertygrouprealestate
Added: Apr 27
Changed: Nov 1
Last Checked: Nov 3 at 8:52AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This 5,580-square-foot office building has two levels and a layout with multiple offices, including four smaller offices. Two conference areas, an administrative area, a technology room, a kitchenette, and three bathrooms provide additional functional space. Front and rear entrances serve the building, with parking surrounding it.
The property is at 1299 US Highway 22 in Mountainside, New Jersey, with access to major highways, mass transit, and amenities. Signage opportunity is also noted for the property.
The property is at 1299 US Highway 22 in Mountainside, New Jersey, with access to major highways, mass transit, and amenities. Signage opportunity is also noted for the property.
Key Highlights
- 5,580‑square‑foot, two‑story office building
- Four smaller offices and two conference areas
- Administrative area, technology room, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,374
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,707,480
$1.7M
Cap Rate 7%
$1,219,629
$1.2M
Cap Rate 9%
$948,600
$948.6K
Market Conditions
NOI Build-Up for 5,580 SF
Gross rent
$167.4K $30.00/SF
− Vacancy
−$53.6K −$9.60/SF
EGI
$113.8K $20.40/SF
− OpEx
−$28.5K −$5.10/SF
NOI
$85.4K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,707,480
Cap Rate 7%
$1,219,629
Cap Rate 9%
$948,600
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,374 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,993 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 07092, NJ
7,082
Population
2,616
Households
2.7
Avg Household Size
47
Median Age
66%
College-Educated
97%
High-School Grad
4.0 sq mi
ZIP Area
1,771
Density / Sq Mi
$210,100
Median Household Income
$87,207
Median Earnings
$3,501
Median Rent
$755,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The interior includes conference rooms, administrative space, a kitchenette, and dedicated technology space.
Where is this office building located?
The property is located at 1299 Us Highway 22 Mountainside, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,580‑square‑foot, two‑story office building; Four smaller offices and two conference areas; Administrative area, technology room, and kitchenette
