Office Unit with Private
For Sale
Contact for pricing
312 Washington Ave, Belleville, NJ 07109
Vacant commercial space offers immediate occupancy, central air, and assigned rear parking.
Property Size1,150 SF
Price / SF$1.74
Days on Market88
Property Features for 312 Washington Ave
General Information
Standard status
Active
Size
1,150 SF
Total Parking Spaces
1
Building Details
Year Built
1922
Owner Occupied
No
Listing Agency:
NENO-ROSA AGENCY
Listed By:
AINA LIN - HSIEH
(201) 997-7860
Source:
Luminancerealty
Added: Jul 24
Changed: Oct 7
Last Checked: Oct 5 at 9:57PM
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 NENO-ROSA AGENCY
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Investment Insights
Based on property information with market context.
This vacant office unit provides approximately 1,150 square feet with a broad open area and four separate private rooms or offices. A brand-new central air system has been installed, and the space includes one assigned parking space at the rear of the building.
The premises are approved for restaurant use, subject to business-specific requirements. Restaurant occupancy may require separately negotiated rent because of increased insurance considerations. The property is located at 312 Washington Avenue in Belleville, New Jersey.
The premises are approved for restaurant use, subject to business-specific requirements. Restaurant occupancy may require separately negotiated rent because of increased insurance considerations. The property is located at 312 Washington Avenue in Belleville, New Jersey.
Key Highlights
- Approximately 1,150 SF of commercial space
- Open layout with 4 private rooms or offices
- Brand‑new central air system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,595
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,900
$351.9K
Cap Rate 7%
$251,357
$251.4K
Cap Rate 9%
$195,500
$195.5K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$34.5K $30.00/SF
− Vacancy
−$11.0K −$9.60/SF
EGI
$23.5K $20.40/SF
− OpEx
−$5.9K −$5.10/SF
NOI
$17.6K $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%
$351,900
Cap Rate 7%
$251,357
Cap Rate 9%
$195,500
Alternative Uses
Best Use
Office B
$251.4K
$219.9K – $293.3K
NOI $17,595 @ 7.0% cap · market cap 879.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.3K
$262.8K – $350.3K
NOI $21,020 @ 7.0% cap · market cap 1,051.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
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 units - Vacant commercial space offers immediate occupancy, central air, and assigned rear parking.
Where is this office units located?
The property is located at 312 Washington Ave Belleville, NJ.
What are key features of this property?
This property features: Approximately 1,150 SF of commercial space; Open layout with 4 private rooms or offices; Brand‑new central air system
