Hillside Commercial Property Investment
1455 Liberty Ave, Hillside, NJ 07205
4,400 SF commercial property with four tenants in Hillside, NJ.
Property size:
4,400 SFPrice / SF:
$193/SF- Added:
- Apr 24, 2025
- Days on Market:
- 394
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1455 Liberty Ave
General Information
- Standard status
- Active
- Size
- 4,400 SF
Building Details
- Year Built
- 1934
Listing agent JOSE SANCHEZ License #1536927
Listing office KELLER WILLIAMS REALTY (732) 416-4688
Listing date Apr 24, 2025
Source Corcoran
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 KELLER WILLIAMS REALTY
HighLights
- Generates approximately $7,500 in monthly rental income.
- Turnkey asset with updated electrical, drywall, and appliances.
- Prime Hillside, NJ location, near major highways and Newark Airport.
- High visibility and consistent foot traffic.
- 4,400 sq/ft commercial property.
- Includes a fully renovated gym as one of the tenants.
Overview
This 4,400 square foot commercial property is located in Hillside, NJ. The property features four active tenants, including a fully renovated gym. The building generates approximately $7,500 in monthly rental income. Updates include electrical, drywall, and appliances. The property is located near major highways, Newark Airport, thriving businesses, and residential neighborhoods, offering high visibility and consistent foot traffic. This property is intended for investment purposes and is suitable for investors seeking steady cash flow.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$697.8K
NOI $62,802 @ 9.00% cap · cautious / downside scenario
Moderate
$897.2K
NOI $62,802 @ 7.00% cap · market / base-case scenario
Aggressive
$1.26M
NOI $62,802 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.0k | $21.60 |
| − Vacancy | −$5.3k | −$1.21 |
| EGI | $89.7k | $20.39 |
| − OpEx | −$26.9k | −$6.12 |
| NOI | $62.8k | $14.27 |
4,400 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$897.2K
$785.0K – $1.05M
NOI $62,802 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,425 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Location Insight
- Map
- Local Demand
- City
- Hillside
- County
- Union
- State
- New Jersey
- Longitude
- -74.2281
- Latitude
- 40.7025
Nearby Similar for Sale
FAQs
What type of property is this?
Investment property - 4,400 SF commercial property with four tenants in Hillside, NJ.
Where is this investment property located?
The property is located at 1455 Liberty Ave Hillside, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Generates approximately $7,500 in monthly rental income.; Turnkey asset with updated electrical, drywall, and appliances.; Prime Hillside, NJ location, near major highways and Newark Airport.
