Street-Level Storefront with Office and
For Sale
$750,000
1770 Saint Georges Avenue, Rahway, NJ 07065
Three-unit space with a street-level storefront, dedicated office suite, and two-bedroom apartment under B-2 zoning.
Property Size3,500 SF
Price / SF$214.29
Days on Market47
Property Features for 1770 Saint Georges Avenue
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Zoning
B-2
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$19,963
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Garden State Realty
(201) 791-9000
Listed By:
Joel Pujols · License #1968571
(201) 724-8825
Source:
Betterhomerealestate
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 8 at 6:11AM
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 Coldwell Banker Garden State Realty
Investment Insights
Based on property information with market context.
1770 St. George Ave in Rahway, NJ is a three-unit storefront property with a street-level storefront, a dedicated office suite, and a spacious 2-bedroom apartment. The building offers 3,500 sq. ft. total, with flexible interior layout that can support a variety of tenant or owner-occupant configurations.
Positioned on St. George Avenue in Union County, the property is presented for buyers seeking strong day-to-day visibility and multiple income streams from retail, office, or residential use within the same address. The property is zoned B-2, supporting retail, professional services, or a mixed-use approach consistent with the zoning designation.
This combination of storefront exposure, on-site office space, and a 2-bedroom apartment can help streamline operations and simplify management for an owner looking for diversified space within one property.
Positioned on St. George Avenue in Union County, the property is presented for buyers seeking strong day-to-day visibility and multiple income streams from retail, office, or residential use within the same address. The property is zoned B-2, supporting retail, professional services, or a mixed-use approach consistent with the zoning designation.
This combination of storefront exposure, on-site office space, and a 2-bedroom apartment can help streamline operations and simplify management for an owner looking for diversified space within one property.
Key Highlights
- 3,500 sq. ft. storefront property with three units
- Street‑level storefront space
- Dedicated office suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,071,000
$1.1M
Cap Rate 7%
$765,000
$765.0K
Cap Rate 9%
$595,000
$595.0K
Market Conditions
NOI Build-Up for 3,500 SF
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.
Gross rent
$105.0K $30.00/SF
− Vacancy
−$33.6K −$9.60/SF
EGI
$71.4K $20.40/SF
− OpEx
−$17.9K −$5.10/SF
NOI
$53.6K $15.30/SF
Area
Union 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,071,000
Cap Rate 7%
$765,000
Cap Rate 9%
$595,000
Alternative Uses
Best Use
Office B
$765.0K
$669.4K – $892.5K
NOI $53,550 @ 7.0% cap · market cap 7.14%
Second Best
Retail
$713.7K
$624.5K – $832.6K
NOI $49,956 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07065, NJ
29,556
Population
12,811
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
7,578
Density / Sq Mi
$90,852
Median Household Income
$57,021
Median Earnings
$1,764
Median Rent
$362,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Three-unit space with a street-level storefront, dedicated office suite, and two-bedroom apartment under B-2 zoning.
Where is this storefront property located?
The property is located at 1770 Saint Georges Avenue Rahway, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,500 sq. ft. storefront property with three units; Street‑level storefront space; Dedicated office suite
