New Milford Commercial Building
219 Richmond Ave New Milford, NJ 07646
219 Richmond Ave, New Milford, NJ, 07646
$1,250,000
For Sale
$1,250,000
Freestanding commercial building with versatile space in central New Milford.
Property Size3,500 SF
Price / SF$357.14
Days on Market265
Property Features for 219 Richmond Ave
General Information
- Standard status
- Active
- Size
- 3,500 SF
Listing Agency
Alpine MC Realty LLC
(201) 965-1125
Listed by
Yihwan Jang
(201) 965-1125
Source
Exprealty
Added: Oct 30, 2025 Updated: Jul 6 at 10:05 am Checked: Jul 20 at 6:39 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 Alpine MC Realty LLC
Investment Insights
Based on property information with market context.
This free-standing commercial building is located in the center of New Milford and offers 3,500 square feet of professional space on the first floor. The layout includes a reception area, a common workspace, five private offices, and two handicap-accessible restrooms. This versatile space is suitable for various uses, including an animal hospital, small church, academy, or restaurant. On-site parking is available in front of the building, with additional street parking nearby. The property is conveniently located with easy access to major highways, close to schools and the main shopping mall, and directly across from the Post Office. An optional one-bedroom apartment on the second floor, fully renovated in 2024, can be included in the lease.
Key Highlights
- 3,500 sq. ft. of professional space on the first floor.
- Convenient location in the center of New Milford with easy access to major highways.
- Versatile space suitable for various uses (animal hospital, church, academy, restaurant).
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 | $105.0k | $30.00 |
| − Vacancy | −$33.6k | −$9.60 |
| EGI | $71.4k | $20.40 |
| − OpEx | −$17.9k | −$5.10 |
| NOI | $53.6k | $15.30 |
3,500 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$765.0K
$669.4K – $892.5K
NOI $53,550 @ 7.0% cap · market cap 4.28%
Second Best
Retail
$713.7K
$624.5K – $832.6K
NOI $49,956 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Freestanding commercial building with versatile space in central New Milford.
Where is this office units located?
The property is located at 219 Richmond Ave New Milford, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,500 sq. ft. of professional space on the first floor.; Convenient location in the center of New Milford with easy access to major highways.; Versatile space suitable for various uses (animal hospital, church, academy, restaurant).
