Office Condominium with Garage
312 Belleville Tpke #3C, North Arlington, NJ 07031
For Sale
$350,000
Five to six private offices are arranged alongside reception and administrative areas in a professional workspace.
Property Size1,677 SF
Price / SF$208.71
Days on Market75
Property Features for 312 Belleville Tpke #3C
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Additional Details
Public Transit
Property Use
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Weichert Realtors Corp Hq
(973) 984-1400
Listed By:
Theresa Dearness
Source:
Culturaunitedrealty
Added: Sep 1
Changed: Nov 7
Last Checked: Nov 13 at 8:24PM
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 Corp Hq
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Investment Insights
Based on property information with market context.
This 1,677 SF office condominium, built in 1980, includes 5–6 private offices, a reception area, and professional and administrative workspace. The building has a first-level parking garage and elevator service for owners, staff, and visitors. The property is zoned C-1.
Belleville Tpke serves as a public transportation route, with Bergen County residential and business communities in the surrounding area. The location also offers access to New York City.
Belleville Tpke serves as a public transportation route, with Bergen County residential and business communities in the surrounding area. The location also offers access to New York City.
Key Highlights
- 1,677 SF office condominium
- 5 - 6 private offices, reception area, and professional and administrative workspace
- First‑level parking garage with elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,658
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,160
$513.2K
Cap Rate 7%
$366,543
$366.5K
Cap Rate 9%
$285,089
$285.1K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$50.3K $30.00/SF
− Vacancy
−$16.1K −$9.60/SF
EGI
$34.2K $20.40/SF
− OpEx
−$8.6K −$5.10/SF
NOI
$25.7K $15.30/SF
Area
Bergen 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%
$513,160
Cap Rate 7%
$366,543
Cap Rate 9%
$285,089
Alternative Uses
Best Use
Office B
$366.5K
$320.7K – $427.6K
NOI $25,658 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.9K
$383.2K – $510.9K
NOI $30,653 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
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Business Placement
Demographics for 07031, NJ
16,457
Population
6,986
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,583
Density / Sq Mi
$101,493
Median Household Income
$64,840
Median Earnings
$1,706
Median Rent
$464,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Bergen County, NJ
Properties on Market for Office Units in Bergen County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Five to six private offices are arranged alongside reception and administrative areas in a professional workspace.
Where is this office unit located?
The property is located at 312 Belleville Tpke #3C North Arlington, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,677 SF office condominium; 5 - 6 private offices, reception area, and professional and administrative workspace; First‑level parking garage with elevator access
