Brick Professional Office
For Sale
$634,900
14 Church St, Newton, NJ 07860
Renovated office property with adaptable layouts and a secure individual-office configuration.
Property Size3,794 SF
Price / SF$167.34
Days on Market334
Property Features for 14 Church St
General Information
Standard status
Active
Size
3,794 SF
Property subtype
Commercial
Zoning
T6 Core
Taxes and HOA fees
Annual Taxes
$10,002
Amenities
computer switching system
mini split HVAC
natural gas boiler
Central air
Slate Roof
4+ Units Heating
Baseboard - Cast Iron Heating
Common Driveway
Corner
Ductless Split AC Cooling
Forced Hot Air Heating
Hard Surface
Level Lot
On-Street Parking
Parking Lot-Exclusive
Rubberized Roof
Building Details
Year Built
1905
Year Renovated
2021
Stories
3
Construction
brick
Listing Agency:
FAIRCLOUGH REALTORS
(973) 726-7800
Listed By:
JOHN KEVIN MCCHESNEY
Source:
Corcoran
Added: Sep 10, 2025
Changed: Aug 9
Last Checked: Aug 9 at 9:12AM
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 FAIRCLOUGH REALTORS
Investment Insights
Based on property information with market context.
This 3-story brick office building contains 3,794 square feet and was converted from a duplex into professional office use. Renovations were completed in 2007, with additional work in 2017, 2019, and 2021. A computer switching system supports secured individual offices, while mini-split HVAC and a natural gas boiler serve the building. The layout can accommodate an owner-user, multiple professional tenants, or a combination of office and other uses permitted under T6 Core zoning standards.
The property is located near Spring Street, Sussex County Courts, county administration buildings, Sussex Community College, Thor Labs, and Newton Medical Center. The first-floor tenant is scheduled to vacate in July 2026, allowing an incoming owner-user to occupy that portion while retaining income from the upper floors.
The property is located near Spring Street, Sussex County Courts, county administration buildings, Sussex Community College, Thor Labs, and Newton Medical Center. The first-floor tenant is scheduled to vacate in July 2026, allowing an incoming owner-user to occupy that portion while retaining income from the upper floors.
Key Highlights
- 3‑story brick office building with 3,794 square feet
- Renovated in 2007, with additional work in 2017, 2019, and 2021
- Computer switching system creates secured individual offices
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
$58,048
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
9.14%
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%
$1,160,960
$1.2M
Cap Rate 7%
$829,257
$829.3K
Cap Rate 9%
$644,978
$645.0K
Market Conditions
NOI Build-Up for 3,794 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
$113.8K $30.00/SF
− Vacancy
−$36.4K −$9.60/SF
EGI
$77.4K $20.40/SF
− OpEx
−$19.3K −$5.10/SF
NOI
$58.0K $15.30/SF
Area
Sussex 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 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%
$1,160,960
Cap Rate 7%
$829,257
Cap Rate 9%
$644,978
Alternative Uses
Best Use
Office B
$829.3K
$725.6K – $967.5K
NOI $58,048 @ 7.0% cap · market cap 9.14%
Second Best
Mixed Use
$536.6K
$469.5K – $626.0K
NOI $37,561 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$990.7K
$866.9K – $1.16M
NOI $69,348 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office property with adaptable layouts and a secure individual-office configuration.
Where is this office building located?
The property is located at 14 Church St Newton, NJ.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: 3‑story brick office building with 3,794 square feet; Renovated in 2007, with additional work in 2017, 2019, and 2021; Computer switching system creates secured individual offices
