Multi-Floor Office and Retail
1501 TILTON RD Northfield, NJ 08225
1501 TILTON RD, Northfield, NJ, 08225
Contact for pricing
For Sale
Contact for pricing
Multi-floor building with elevator service and on-site parking, featuring office and training space plus a leasing-ready first floor.
Property Size15,973 SF
Price / SF$175.30
Days on Market52
Property Features for 1501 TILTON RD
General Information
- Standard status
- Active
- Size
- 15,973 SF
- Property subtype
- Office
Listing agency
Foresite Commercial Realty
(609) 646-1919
Listed by
Samantha Zerafa Roessler · License #NJ 1643608
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 9:12AM
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 Foresite Commercial Realty
Investment Insights
Based on property information with market context.
The property is a 15,970+/- sf multi-floor building with elevator access serving all three floors. The lower level and second floor are finished for office use and include a training room. The first floor is currently vacant and was formerly occupied by Bank of America, and it is being marketed for lease. There is on-site parking, with stated potential to increase the number of parking spaces. The building also offers signage, including monument signage.
The asset is positioned in the heart of the Northfield Business district with access to all Shore Points. A short-term lease is in place for more than 9,000 sf, while the first floor is available for leasing and potential exists to lease the entire building. Call listing agents for further details.
For tenants and buyers, the layout supports an owner-occupant strategy or a multi-tenant configuration, with finished office space and a dedicated training room on the lower and second floors. The vacant first floor provides immediate flexibility for a range of office-oriented users, with the option to pursue a larger footprint if a full-building requirement develops. On-site parking and building signage support day-to-day customer and client access.
The asset is positioned in the heart of the Northfield Business district with access to all Shore Points. A short-term lease is in place for more than 9,000 sf, while the first floor is available for leasing and potential exists to lease the entire building. Call listing agents for further details.
For tenants and buyers, the layout supports an owner-occupant strategy or a multi-tenant configuration, with finished office space and a dedicated training room on the lower and second floors. The vacant first floor provides immediate flexibility for a range of office-oriented users, with the option to pursue a larger footprint if a full-building requirement develops. On-site parking and building signage support day-to-day customer and client access.
Key Highlights
- 15,970+/- SF multi‑floor building with elevator access to all 3 floors
- Short‑term lease in place for 9,000+ SF; first floor (former Bank of America) currently vacant
- Lower level and 2nd floor are finished as office space and a training room
Local Financial Insights For Specialty Retail
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 | $345.0k | $21.60 |
| − Vacancy | −$15.5k | −$0.97 |
| EGI | $329.5k | $20.63 |
| − OpEx | −$82.4k | −$5.16 |
| NOI | $247.1k | $15.47 |
15,973 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.53M
$3.09M – $4.12M
NOI $247,118 @ 7.0% cap · market cap 8.83%
Second Best
Office B
$3.34M
$2.93M – $3.90M
NOI $234,022 @ 7.0% cap · market cap 8.36%
Theoretical Best
Warehouse
$5.95M
$5.20M – $6.94M
NOI $416,377 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Title Co of Jersey
Insurance Agency
Bank of America ATM ...
Atm
Bank of America (with ...
Bank
The Title Company of Jersey
Title Company
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FAQs
What type of property is this?
Office building - Multi-floor building with elevator service and on-site parking, featuring office and training space plus a leasing-ready first floor.
Where is this office building located?
The property is located at 1501 TILTON RD Northfield, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 15,970+/- SF multi‑floor building with elevator access to all 3 floors; Short‑term lease in place for 9,000+ SF; first floor (former Bank of America) currently vacant; Lower level and 2nd floor are finished as office space and a training room
