Building Details

Stories 2

Listing Agency: RE/MAX TEAM 2000 Show Phone

Listed By: Patricia Tarczilo Show Phone

Source: Moodyscre

Added: Mar 3 Changed: Oct 16 Last Checked: Oct 23 at 7:48AM

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Investment Insights

Based on property information with market context.

This property operates as a first-floor brewery and restaurant, with a second-floor bar and party room. Additional basement space is included, providing extra functional area for storage or support uses. The building also offers room for future expansion, as two additional floors can be added.

The site is located one street from a commuter train and is positioned in a vibrant downtown area. It is also noted to be near Seaton Hall and directly across from a new 111-unit luxury apartment complex.

Overall, the existing layout supports food and beverage use across multiple floors, with the added benefit of included basement space and expansion potential.

Key Highlights

• Three‑level brewery and restaurant building with bar and party room
• Additional basement space included
• Second floor features an additional bar and party room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,635

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,752,700 $2.8M

Cap Rate 7%

$1,966,214 $2.0M

Cap Rate 9%

$1,529,278 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$194.4K $21.60/SF

− Vacancy

−$10.9K −$1.21/SF

EGI

$183.5K $20.39/SF

− OpEx

−$45.9K −$5.10/SF

NOI

$137.6K $15.29/SF

Area

Essex County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,752,700

Cap Rate 7%

$1,966,214

Cap Rate 9%

$1,529,278

Alternative Uses

Best Use

Specialty Retail

$1.97M

$1.72M – $2.29M (±1% cap)

NOI $137,635 @ 7.0% cap · market cap 4.11%

Second Best

Industrial

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,130 @ 7.0% cap · market cap 3.08%

Theoretical Best

Office A

$2.35M

$2.06M – $2.74M (±1% cap)

NOI $164,506 @ 7.0% cap · market cap 4.91%

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

U Brew Inc Big Box & Wholesale Store Gaslight Brewery & Restaurant Bar & Pub

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Electrical Service Auto Parts Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,456

Businesses Nearby

Explore this area Business Placement

Demographics for 07079, NJ

18,597

Population

6,131

Households

3

Avg Household Size

34

Median Age

76%

College-Educated

98%

High-School Grad

2.9 sq mi

ZIP Area

6,413

Density / Sq Mi

$184,769

Median Household Income

$75,829

Median Earnings

$2,067

Median Rent

$808,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Brewery - Three-level brewery and restaurant building with bar, party room, and additional basement space included.

Where is this brewery located?

The property is located at 15 S Orange Ave South Orange, NJ.

What is the asking price?

The asking price for this property is $3,350,000.

What are key features of this property?

This property features: Three‑level brewery and restaurant building with bar and party room; Additional basement space included; Second floor features an additional bar and party room