Second-Floor Office Condo
150 River Rd Montville, NJ 18951
150 River Rd, Montville, NJ, 18951
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For Sale
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Second-floor office condo with an open area, private restroom, two window offices, and a copier/kitchenette room.
Property Size970 SF
Price / SF$170.10
Days on Market104
Property Features for 150 River Rd
General Information
- Standard status
- Active
- Size
- 970 SF
- Property subtype
- Office
Listing agency
Evergreen Commercial Real Estate Pine Brook
Listed by
Cathie Salamone · License #NJ 0676654
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 7:34PM Checked: Jul 22 at 7:34PM
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 Evergreen Commercial Real Estate Pine Brook
Investment Insights
Based on property information with market context.
This second-floor office condo suite is laid out with an open area, a private restroom, two window offices, and a copier/kitchenette room. The space is configured to support a combination of collaborative and private work areas.
Ample parking is available, with easy access to Rte 80/287/46.
Offered for sale as an office condo, the unit provides a practical interior configuration for day-to-day office use, including dedicated restroom access and multiple enclosed offices alongside the open work area.
Ample parking is available, with easy access to Rte 80/287/46.
Offered for sale as an office condo, the unit provides a practical interior configuration for day-to-day office use, including dedicated restroom access and multiple enclosed offices alongside the open work area.
Key Highlights
- Second‑floor office condo with open area, private restroom, and dedicated copier/kitchenette room
- Includes two window offices for private workspace
- Ample parking available
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $30.00 |
| − Vacancy | −$9.3k | −$9.60 |
| EGI | $19.8k | $20.40 |
| − OpEx | −$4.9k | −$5.10 |
| NOI | $14.8k | $15.30 |
970 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$212.0K
$185.5K – $247.4K
NOI $14,841 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.3K
$221.6K – $295.5K
NOI $17,730 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J.F. KELLY INC.
Food Processing Plant
Surenian, Edwards, Buzak ...
Law Firm
Allied Advisory Group, ...
Business Management Consultant
Andrea Silverman, PC
Law Firm
Lipsky Portales
Law Firm
FAQs
What type of property is this?
Office units - Second-floor office condo with an open area, private restroom, two window offices, and a copier/kitchenette room.
Where is this office units located?
The property is located at 150 River Rd Montville, NJ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Second‑floor office condo with open area, private restroom, and dedicated copier/kitchenette room; Includes two window offices for private workspace; Ample parking available
