Ground-Floor Office
For Sale
Contact for pricing
15 Church St Unit 2, Vernon, NJ 07462
Flexible professional workspace with natural light, two rooms, and a private bathroom.
Property Size600 SF
Price / SF$2.46
Days on Market62
Property Features for 15 Church St Unit 2
General Information
Standard status
Active
Size
600 SF
Additional Details
Floor
Ground Floor
Amenities
private bathroom
Building Details
Year Built
1995
Listing Agency:
MOUNTAIN PROPERTIES
Listed By:
GLENN R SCHECHTER · License #200226
(973) 827-6767
Source:
Luminancerealty
Added: Aug 16
Changed: Oct 11
Last Checked: Oct 15 at 12:03AM
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 MOUNTAIN PROPERTIES
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Investment Insights
Based on property information with market context.
This approximately 600-square-foot office unit occupies the ground floor and features a large window front that brings natural light into the workspace. The layout includes two rooms and a private bathroom, with a configuration that can support a range of professional business needs. The space is currently used as a chiropractor’s office and is available July 15.
Located at 15 Church St Unit 2 in Vernon Twp., the property is positioned in the heart of Vernon. The building was constructed in 1995, and the unit’s straightforward layout provides a practical base for an office user seeking a compact commercial space.
Located at 15 Church St Unit 2 in Vernon Twp., the property is positioned in the heart of Vernon. The building was constructed in 1995, and the unit’s straightforward layout provides a practical base for an office user seeking a compact commercial space.
Key Highlights
- Approximately 600 square feet of ground‑floor office space
- Large window front provides substantial natural light
- Two‑room layout with a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,934
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,680
$178.7K
Cap Rate 7%
$127,629
$127.6K
Cap Rate 9%
$99,267
$99.3K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$15.8K $26.40/SF
− Vacancy
−$950 −$1.58/SF
EGI
$14.9K $24.82/SF
− OpEx
−$6.0K −$9.93/SF
NOI
$8.9K $14.89/SF
Area
Sussex County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,680
Cap Rate 7%
$127,629
Cap Rate 9%
$99,267
Alternative Uses
Best Use
Office B
$131.1K
$114.8K – $153.0K
NOI $9,180 @ 7.0% cap · market cap 622.37%
Second Best
Healthcare Medical
$127.6K
$111.7K – $148.9K
NOI $8,934 @ 7.0% cap · market cap 605.69%
Theoretical Best
Office A
$156.7K
$137.1K – $182.8K
NOI $10,967 @ 7.0% cap · market cap 743.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 07462, NJ
6,670
Population
3,589
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
17.0 sq mi
ZIP Area
392
Density / Sq Mi
$99,125
Median Household Income
$57,154
Median Earnings
$1,614
Median Rent
$252,600
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 units - Flexible professional workspace with natural light, two rooms, and a private bathroom.
Where is this office units located?
The property is located at 15 Church St Unit 2 Vernon, NJ.
What are key features of this property?
This property features: Approximately 600 square feet of ground‑floor office space; Large window front provides substantial natural light; Two‑room layout with a private bathroom
