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Property profile & analytics
FOR LEASE
Commercial real estate

15 Valley St South Orange, NJ 07079

15,760 SF 0.17 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-1082591
Property summary
AI-generated overview

This exceptional office property at 15 Valley Street in South Orange, New Jersey, offers a diverse range of leasing opportunities. The building, a Class C property totaling 14,063 square feet, underwent renovations in 2019, blending traditional and creative office spaces. The building features fourteen individual suites, with a minimum divisible space of 247 square feet and a maximum contiguous space of 1,587 square feet. Currently, 1,834 square feet of space is available for lease. The building boasts a favorable floor area ratio (FAR) of 1.9, built in 1970 on a 0.17-acre lot. Its prime downtown location provides exceptional convenience, with easy access to the train station, a vibrant array of restaurants, and numerous shops. Ample public parking is conveniently located directly behind the building, ensuring convenient parking for tenants and their clients. This versatile property is ideal for businesses seeking a well-maintained, conveniently located office space in a thriving New Jersey community. The zip code is 07079. Inquire today to explore the available spaces and secure your ideal office solution.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 15,760 SF
Lot 0.17 ac (7,536 SF)
Zoning code B-A1
APN 19 01908-0000-00011
UPID US59-1082591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Retail Therapy Clothing & Fashion Store
  • Professional Christmas Lights Installation Home Decor Store Party Supply Store
  • Frieman William W Law Firm
  • MYT3 Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$2.30M
Owner & transaction history
15 Vp LLC · 4 yrs held
15 Vp LLC
since 2021
Last sale
$1.9M
6 recorded transactions
2021
$1.9M
2021
$1.9M
2006
$2.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-A1 · South Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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