First-Floor Office
For Sale
Contact for pricing
222 Ridgedale Ave, Cedar Knolls, NJ 07927
First-floor office condo with reception, conference room, windowed offices, private restroom, and 24/7/365 access.
Property Size1,000 SF
Price / SF$200
Days on Market325
Property Features for 222 Ridgedale Ave
General Information
Standard status
Active
Size
1,000 SF
Property subtype
OFFICE
Additional Details
Floor
First Floor
Amenities
Reception and waiting area
Conference room
Two (2) Windowed Offices
Galley Kitchen
Private restroom
24/7/365 access
Listing Agency:
Newmark & Associates, Inc.
(973) 722-2979
Listed By:
Marjorie Dorne Murphy
(973) 722-2979
Source:
Moodyscre
Added: Sep 9, 2025
Changed: Jul 30
Last Checked: Jul 30 at 5:17PM
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 Newmark & Associates, Inc.
Investment Insights
Based on property information with market context.
This first-floor office condo is approximately 1,000 SF and includes a reception and waiting area, a conference room, and two windowed offices. The layout also features a galley kitchen and a private restroom.
Access is available 24/7/365, supporting flexible business hours. The lease includes maintenance fees for electric, cleaning, and heat.
Access is available 24/7/365, supporting flexible business hours. The lease includes maintenance fees for electric, cleaning, and heat.
Key Highlights
- Approx. 1,000 SF first floor office condo
- Reception and waiting area
- Conference room plus two windowed offices
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 | $30.0k | $30.00 |
| − Vacancy | −$9.6k | −$9.60 |
| EGI | $20.4k | $20.40 |
| − OpEx | −$5.1k | −$5.10 |
| NOI | $15.3k | $15.30 |
1,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 07927, NJ
4,120
Population
1,825
Households
2.3
Avg Household Size
44
Median Age
56%
College-Educated
91%
High-School Grad
2.1 sq mi
ZIP Area
1,962
Density / Sq Mi
$166,077
Median Household Income
$80,944
Median Earnings
$2,802
Median Rent
$610,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office condo with reception, conference room, windowed offices, private restroom, and 24/7/365 access.
Where is this office units located?
The property is located at 222 Ridgedale Ave Cedar Knolls, NJ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approx. 1,000 SF first floor office condo; Reception and waiting area; Conference room plus two windowed offices
