Second-Floor Office Condo
For Sale
Contact for pricing
150 River Rd, Montville, NJ 18951
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 Market195
Property Features for 150 River Rd
General Information
Standard status
Active
Size
970 SF
Property subtype
Office
Building Details
Stories
1
Listing Agency:
Evergreen Commercial Real Estate
Listed By:
Sal Bellafiore · License #NJ 7832500
Source:
Crexi
Added: Apr 11
Changed: Oct 21
Last Checked: Oct 20 at 9:22PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,841
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,820
$296.8K
Cap Rate 7%
$212,014
$212.0K
Cap Rate 9%
$164,900
$164.9K
Market Conditions
NOI Build-Up for 970 SF
Gross rent
$29.1K $30.00/SF
− Vacancy
−$9.3K −$9.60/SF
EGI
$19.8K $20.40/SF
− OpEx
−$4.9K −$5.10/SF
NOI
$14.8K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,820
Cap Rate 7%
$212,014
Cap Rate 9%
$164,900
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 authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office condo with an open area, private restroom, two window offices, and a copier/kitchenette room.
Where is this office unit 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
