Renovated Office Corner
3 NEW ST Unit 0 Budd Lake, NJ 07828
3 NEW ST Unit 0, Budd Lake, NJ, 07828
$599,000
For Sale
$599,000
Entirely renovated in 2023, this corner office offers private parking, a large kitchen, and two conference rooms.
Property Size2,289 SF
Price / SF$261.69
Days on Market38
Property Features for 3 NEW ST Unit 0
General Information
- Standard status
- Active
- Size
- 2,289 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1935
Listing agency
WEICHERT REALTORS
(973) 229-6935
Listed by
REGINA ASHWORTH
(973) 229-6935
Source
Xome
Added: Jun 15 Updated: Jul 22 at 2:33AM Checked: Jul 22 at 2:33AM
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 WEICHERT REALTORS
Investment Insights
Based on property information with market context.
This corner office property was entirely renovated in 2023 and is set up to support a modern workplace. Interior features include a huge kitchen area with a rear entrance from the back parking lot, along with a commercial wide staircase leading up to two large conference rooms and a full bath. A full walk-out basement provides additional space and storage. The building is served by natural gas and a new tankless heating system, and includes four portable A/C units.
The property has high visibility and easy accessibility on Rt 46. The seller also states that approximately 14,000 cars pass by daily. A private parking lot supports on-site parking for occupants and visitors.
The layout includes main-level office space, two conference rooms accessed via the wide staircase, and basement space for storage and additional use.
The property has high visibility and easy accessibility on Rt 46. The seller also states that approximately 14,000 cars pass by daily. A private parking lot supports on-site parking for occupants and visitors.
The layout includes main-level office space, two conference rooms accessed via the wide staircase, and basement space for storage and additional use.
Key Highlights
- Entire renovation completed in 2023
- Corner office property with private parking lot and highway access on Rt 46
- Approx. 14,000 cars pass by daily on Rt 46 (per owner)
Local 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 | $68.7k | $30.00 |
| − Vacancy | −$22.0k | −$9.60 |
| EGI | $46.7k | $20.40 |
| − OpEx | −$11.7k | −$5.10 |
| NOI | $35.0k | $15.30 |
2,289 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.7K
$523.0K – $697.3K
NOI $41,839 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
R & S Sporting ...
(Bike/Boat/Book/etc) Store
Roast At Dawn
Cafe & Coffee Shop
Roast At Dawn LLC
Cafe & Coffee Shop
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FAQs
What type of property is this?
Office building - Entirely renovated in 2023, this corner office offers private parking, a large kitchen, and two conference rooms.
Where is this office building located?
The property is located at 3 NEW ST Unit 0 Budd Lake, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Entire renovation completed in 2023; Corner office property with private parking lot and highway access on Rt 46; Approx. 14,000 cars pass by daily on Rt 46 (per owner)
