Mixed-Use Building with Office
For Sale
Contact for pricing
26 Orange Rd, Montclair, NJ 07042
Ground-floor office space and three fully renovated residential apartments in a mixed-use building.
Property Size4,500 SF
Price / SF$288.89
Days on Market234
Property Features for 26 Orange Rd
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail, Multifamily, Office, Mixed Use
Zoning
R2
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Stories
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Alan Cafiero · License #NJ 0791092
(201) 742-6118
Source:
Crexi
Added: Mar 2
Changed: Oct 19
Last Checked: Oct 20 at 8:28PM
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 Marcus & Millichap - New Jersey
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Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor office space plus three fully renovated residential apartments. The residential units are described as “pristine and fully renovated” and currently generate stated monthly residential income of $6,500. The ground-floor office tenant has recently vacated, with the space last described as paying $3,500 per month, and the commercial interior has been recently enhanced with comprehensive interior improvements.
The property is located just off Bloomfield Avenue and is directly across from The MC Hotel in Montclair. The materials also note approvals are secured for the next three years, and the ground-floor space is positioned as available for occupancy or potential residential conversion, depending on the buyer’s plans.
The property is located just off Bloomfield Avenue and is directly across from The MC Hotel in Montclair. The materials also note approvals are secured for the next three years, and the ground-floor space is positioned as available for occupancy or potential residential conversion, depending on the buyer’s plans.
Key Highlights
- Mixed‑use property with ground‑floor office space and three fully renovated residential apartments
- Three residential apartments currently generate $6,500 per month in income
- Ground‑floor office space is vacant; previous tenant was paying $3,500 per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,313
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,260
$1.5M
Cap Rate 7%
$1,075,900
$1.1M
Cap Rate 9%
$836,811
$836.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$115.0K $25.56/SF
− Vacancy
−$7.4K −$1.65/SF
EGI
$107.6K $23.91/SF
− OpEx
−$32.3K −$7.17/SF
NOI
$75.3K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,260
Cap Rate 7%
$1,075,900
Cap Rate 9%
$836,811
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.4K – $1.26M
NOI $75,313 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$988.6K
$865.0K – $1.15M
NOI $69,201 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,463
Businesses Nearby
Explore this area
Business Placement
Demographics for 07042, NJ
27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Ground-floor office space and three fully renovated residential apartments in a mixed-use building.
Where is this triplex located?
The property is located at 26 Orange Rd Montclair, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use property with ground‑floor office space and three fully renovated residential apartments; Three residential apartments currently generate $6,500 per month in income; Ground‑floor office space is vacant; previous tenant was paying $3,500 per month
