Office Building with
For Sale
$1,400,000
29 Trinity St #1, Newton, NJ 07860
The property is zoned T5 and currently operates as office space under an active lease or sublease.
Property Size7,000 SF
Price / SF$200
Days on Market33
Property Features for 29 Trinity St #1
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
37
Property subtype
Commercial
Zoning
T5
Lease Type
Modified Gross
Net Operating Income
$83,400
Building Details
Building Size
7,000 SF
Year Built
1970
Stories
2
Units
1
Listing Agency:
Coldwell Banker Realty
(973) 440-5588
Listed By:
Christopher Ohab · License #301258
(973) 726-6606
Source:
Cammarotarealestate
Added: Sep 21
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 7,000-square-foot office building, constructed in 1970, sits on more than half an acre and includes a dedicated lot with 37 parking spaces. The property is currently used for office purposes and has an active lease or sublease, allowing continued office use under the existing arrangement.
In downtown Newton, the property is within walking distance of local shops, restaurants, services, and community amenities. Its T5 zoning is a relevant consideration for future plans, which would be subject to zoning and municipal approvals.
In downtown Newton, the property is within walking distance of local shops, restaurants, services, and community amenities. Its T5 zoning is a relevant consideration for future plans, which would be subject to zoning and municipal approvals.
Key Highlights
- 7,000‑square‑foot office building on more than half an acre
- Dedicated parking lot with 37 spaces
- T5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,100
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,142,000
$2.1M
Cap Rate 7%
$1,530,000
$1.5M
Cap Rate 9%
$1,190,000
$1.2M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$210.0K $30.00/SF
− Vacancy
−$67.2K −$9.60/SF
EGI
$142.8K $20.40/SF
− OpEx
−$35.7K −$5.10/SF
NOI
$107.1K $15.30/SF
Area
Sussex 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%
$2,142,000
Cap Rate 7%
$1,530,000
Cap Rate 9%
$1,190,000
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,100 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,949 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The property is zoned T5 and currently operates as office space under an active lease or sublease.
Where is this office building located?
The property is located at 29 Trinity St #1 Newton, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7,000‑square‑foot office building on more than half an acre; Dedicated parking lot with 37 spaces; T5 zoning
