Victorian Office Building Near
201 Claremont Ave Montclair, NJ 07042
201 Claremont Ave, Montclair, NJ, 07042
$999,000
For Sale
$999,000
Renovated Victorian office with flexible space near Montclair amenities.
Property Size3,435 SF
Price / SF$290.83
Days on Market382
Property Features for 201 Claremont Ave
General Information
- Standard status
- Active
- Size
- 3,435 SF
Building Details
- Year Built
- 1875
Listing Agency
COMPASS NEW JERSEY LLC
Listed by
JOHN FRENZER
Source
Corcoran
Added: Jul 2, 2025 Checked: Mar 16 at 9:09 am
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 COMPASS NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This renovated 1875 Victorian building features two full-floor office suites, each containing three large rooms with high ceilings and original details. Each suite includes a renovated powder room, kitchenette, and ample closet storage. The finished third floor is currently used as office storage. Additional storage rooms are located in the basement, which also features a full garage walk-out to a rear private parking lot with 8 spaces. The property offers flexibility and can be tailored to various needs. It is located across the street from a coffee shop, one block from Walnut Street lunch spots, and two blocks from downtown Montclair's dining and cocktail options. Golf and pickleball facilities are within five minutes. The property is also situated one block from the NJTransit train to NYC.
Key Highlights
- Prime location: close to coffee shops, restaurants, and downtown Montclair.
- Excellent Commuting: One block from NJTransit train to NYC.
- Fully renovated 1875 Victorian with two full‑floor office suites.
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 | $103.1k | $30.00 |
| − Vacancy | −$33.0k | −$9.60 |
| EGI | $70.1k | $20.40 |
| − OpEx | −$17.5k | −$5.10 |
| NOI | $52.6k | $15.30 |
3,435 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$750.8K
$657.0K – $875.9K
NOI $52,556 @ 7.0% cap · market cap 5.26%
Second Best
Mixed Use
$677.2K
$592.5K – $790.1K
NOI $47,403 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$896.9K
$784.8K – $1.05M
NOI $62,786 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
American Acne and Rosacea ...
Charitable Organization
Physician Resources
Marketing & Advertising
Insite Design Studio
Architect
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FAQs
What type of property is this?
Office building - Renovated Victorian office with flexible space near Montclair amenities.
Where is this office building located?
The property is located at 201 Claremont Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location: close to coffee shops, restaurants, and downtown Montclair.; Excellent Commuting: One block from NJTransit train to NYC.; Fully renovated 1875 Victorian with two full‑floor office suites.
