Versatile Office Building For
277 W Clay Ave, Roselle Park, NJ 07204
2,500 SF office building with flexible layout and parking.
Property size:
2,500 SFLot size:
0.17 AcresPrice / SF:
$199/SF- Added:
- Mar 16, 2026
- Days on Market:
- 63
- Last Refresh:
- Mar 18 at 7:53 am
Property Features for 277 W Clay Ave
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.17 Acres
Building Details
- Year Built
- 1960
Listing agent GRISELA FLORES
Listing office FLOROSTONE REALTY INC. (908) 445-5339
Listing date Mar 16, 2026
Source Corcoran
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 FLOROSTONE REALTY INC.
HighLights
- Strategically located near the Parkway and Route 22, offering excellent visibility and convenient access.
- 2,500 SF of versatile professional space with 9 private offices, a conference room, and a full kitchen.
- Easily divisible into two separate suites for multi‑tenant occupancy or future expansion.
- On‑site parking accommodates 12+ vehicles.
- Includes two HVAC systems and a comprehensive security system with cameras.
- Ideal for owner‑occupiers or investors.
Overview
This office building offers 2,500 SF of professional space suitable for owner-occupiers or investors. The layout features a reception area, 9 private offices, a conference room, a bullpen area, a copy/computer room, and a full kitchen. It also includes two lavatories and multiple workstations. The space is divisible into two separate suites, offering flexibility for multi-tenant occupancy or future expansion. On-site parking accommodates 12 or more vehicles. The property is equipped with two HVAC systems and a security system with cameras, and includes an exterior storage shed. It is located near the Parkway and Route 22, providing visibility and access in a commercial area.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$425.0K
NOI $38,250 @ 9.00% cap · cautious / downside scenario
Moderate
$546.4K
NOI $38,250 @ 7.00% cap · market / base-case scenario
Aggressive
$765.0K
NOI $38,250 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $30.00 |
| − Vacancy | −$24.0k | −$9.60 |
| EGI | $51.0k | $20.40 |
| − OpEx | −$12.8k | −$5.10 |
| NOI | $38.3k | $15.30 |
2,500 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Leegis Group
Construction Company
Location Insight
- Map
- Local Demand
- City
- Roselle Park
- County
- Union
- State
- New Jersey
- Longitude
- -74.273601
- Latitude
- 40.662302
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 2,500 SF office building with flexible layout and parking.
Where is this office building located?
The property is located at 277 W Clay Ave Roselle Park, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Strategically located near the Parkway and Route 22, offering excellent visibility and convenient access.; **2,500 SF of versatile professional space with 9 private offices, a conference room, and a full kitchen.**; Easily divisible into two separate suites for multi‑tenant occupancy or future expansion.
