1501 TILTON RD Northfield, NJ 08225
Multi-floor building with elevator service and on-site parking, featuring office and training space plus a leasing-ready first floor.
Property Features for 1501 TILTON RD
General Information
- Standard status
- Active
- Size
- 15,973 SF
- Property subtype
- Office
Listing office Foresite Commercial Realty (609) 646-1919
Listing date Jun 2, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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 |
