Custom-Built Office Building For
For Sale
$895,900
1381 - Fairview Blvd, Riverside, NJ 08075
2,100 sq ft custom office building with expansion potential.
Property Size2,100 SF
Price / SF$426.62
Days on Market241
Property Features for 1381 - Fairview Blvd
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,266
Building Details
Year Built
2024
Listing Agency:
NEW JERSEY HOME SALES INC
(856) 793-9335
Listed By:
DONALD L POLLOCK JR. · License #8741070
(856) 912-4310
Source:
Corcoran
Added: Feb 23
Changed: Oct 2
Last Checked: Oct 20 at 9:17PM
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 NEW JERSEY HOME SALES INC
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Investment Insights
Based on property information with market context.
This is a 2,100 sq ft custom-built office building, constructed two years ago, with the potential for future expansion. The building features Davinci synthetic slate roofing and composite exterior trim, along with a Hardie Board and stone exterior. Engineered hardwood flooring is present throughout the interior. It is equipped with an alarm system that includes cameras, a Sonos speaker system, and automatic shades on all windows. Wired CAT6 cabling is installed. The property includes a custom kitchen area valued at $250,000, featuring a commercial oven hood. There are two custom bathrooms, a supply room, and a utility room. All interior doors are solid wood. The building has a two-zone air conditioning system and a one-zone gas heating system. Ample parking is available, including six electric-ready spaces, two of which have chargers already installed. The landscaping is custom-designed and includes a sprinkler system. The space designated for expansion already has utilities in place.
Key Highlights
- Custom‑built, like‑new (2 years old) 2100 sq ft office building with room for future expansion.
- High‑end finishes including Davinci synthetic slate roofing, Hardie Board and stone exterior, engineered hardwood flooring, and solid wood interior doors.
- $250,000 custom kitchen area with commercial oven hood.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,130
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
$642.6K
Cap Rate 7%
$459,000
$459.0K
Cap Rate 9%
$357,000
$357.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.0K $30.00/SF
− Vacancy
−$20.2K −$9.60/SF
EGI
$42.8K $20.40/SF
− OpEx
−$10.7K −$5.10/SF
NOI
$32.1K $15.30/SF
Area
Paterson, 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%
$642,600
Cap Rate 7%
$459,000
Cap Rate 9%
$357,000
Alternative Uses
Best Use
Office B
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - 2,100 sq ft custom office building with expansion potential.
Where is this office building located?
The property is located at 1381 - Fairview Blvd Riverside, NJ.
What is the asking price?
The asking price for this property is $895,900.
What are key features of this property?
This property features: Custom‑built, like‑new (2 years old) 2100 sq ft office building with room for future expansion.; High‑end finishes including Davinci synthetic slate roofing, Hardie Board and stone exterior, engineered hardwood flooring, and solid wood interior doors.; $250,000 custom kitchen area with commercial oven hood.**
