Mixed-Use Building with
For Sale
$949,900
29 Smull Ave, Caldwell, NJ 07006
Professional office space is paired with an updated three-bedroom residential unit and basement storage.
Property Size2,764 SF
Price / SF$343.67
Days on Market88
Property Features for 29 Smull Ave
General Information
Standard status
Active
Size
2,764 SF
Building Details
Year Built
1940
Listing Agency:
FALLIVENE AGENCY INC.
Listed By:
JOHN FALLIVENE, GLENN S FALLIVENE
Source:
Luminancerealty
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 15 at 1:03AM
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 FALLIVENE AGENCY INC.
Investment Insights
Based on property information with market context.
This 2,764-square-foot mixed-use property, built in 1940, combines a medical office with an updated three-bedroom apartment. The office component includes separate front and rear foyers, reception and staff workspace, four exam rooms, a break room, laboratory, private office, and two bathrooms. Basement improvements add another bathroom, a small office or lunchroom, and substantial storage space.
The residential portion occupies the second floor and features an eat-in kitchen with updated cabinetry, granite countertops, and additional seating, along with a bright living room, upgraded closet systems, a full bathroom, and a sauna in one bedroom. A Miele washer and dryer are included. The property also has 8 marked parking spaces, a large garage, storage shelving, and a second-floor leisure area with high ceilings and newer flooring.
At 29 Smull Ave in Caldwell Boro Twp., the property is steps from Bloomfield Avenue and near restaurants, shops, and nightlife. The source describes a Walk Score of 86.
The residential portion occupies the second floor and features an eat-in kitchen with updated cabinetry, granite countertops, and additional seating, along with a bright living room, upgraded closet systems, a full bathroom, and a sauna in one bedroom. A Miele washer and dryer are included. The property also has 8 marked parking spaces, a large garage, storage shelving, and a second-floor leisure area with high ceilings and newer flooring.
At 29 Smull Ave in Caldwell Boro Twp., the property is steps from Bloomfield Avenue and near restaurants, shops, and nightlife. The source describes a Walk Score of 86.
Key Highlights
- 2,764‑square‑foot mixed‑use building built in 1940
- Medical office layout with 4 exam rooms, laboratory, reception area, and private office
- Updated second‑floor 3‑bedroom apartment with granite kitchen countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,289
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,780
$845.8K
Cap Rate 7%
$604,129
$604.1K
Cap Rate 9%
$469,878
$469.9K
Market Conditions
NOI Build-Up for 2,764 SF
Gross rent
$82.9K $30.00/SF
− Vacancy
−$26.5K −$9.60/SF
EGI
$56.4K $20.40/SF
− OpEx
−$14.1K −$5.10/SF
NOI
$42.3K $15.30/SF
Area
Essex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,780
Cap Rate 7%
$604,129
Cap Rate 9%
$469,878
Alternative Uses
Best Use
Office B
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 4.45%
Second Best
Healthcare Medical
$587.9K
$514.4K – $685.9K
NOI $41,155 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$721.7K
$631.5K – $842.0K
NOI $50,521 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 07006, NJ
26,733
Population
10,183
Households
2.6
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,875
Density / Sq Mi
$148,645
Median Household Income
$74,342
Median Earnings
$1,973
Median Rent
$667,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Professional office space is paired with an updated three-bedroom residential unit and basement storage.
Where is this mixed-use property located?
The property is located at 29 Smull Ave Caldwell, NJ.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 2,764‑square‑foot mixed‑use building built in 1940; Medical office layout with 4 exam rooms, laboratory, reception area, and private office; Updated second‑floor 3‑bedroom apartment with granite kitchen countertops
