Mixed-Use Property with
32-34 Mill Rd #32-34, Irvington, NJ 07111
For Sale
$750,000
Two storefronts and a three-bedroom residence share a property with a driveway and backyard.
Property Size3,822 SF
Price / SF$196.23
Days on Market202
Property Features for 32-34 Mill Rd #32-34
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Re/Max Welcome Home
Listed By:
Jai Lee · License #9232533
(732) 549-9500
Source:
Culturaunitedrealty
Added: Apr 22
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 Re/Max Welcome Home
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains two retail storefronts and a two-story apartment with three bedrooms. The building totals 3,822 square feet and dates to 1900. A driveway and backyard are also part of the property.
The asset is offered for sale in as-is condition. The purchaser is responsible for obtaining the certificate of occupancy.
The asset is offered for sale in as-is condition. The purchaser is responsible for obtaining the certificate of occupancy.
Key Highlights
- Two retail storefronts
- Two‑story apartment with 3 bedrooms
- 3,822‑square‑foot property built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,552
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,040
$1.1M
Cap Rate 7%
$779,314
$779.3K
Cap Rate 9%
$606,133
$606.1K
Market Conditions
NOI Build-Up for 3,822 SF
Gross rent
$82.6K $21.60/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$77.9K $20.39/SF
− OpEx
−$23.4K −$6.12/SF
NOI
$54.6K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,040
Cap Rate 7%
$779,314
Cap Rate 9%
$606,133
Alternative Uses
Best Use
Retail
$779.3K
$681.9K – $909.2K
NOI $54,552 @ 7.0% cap · market cap 7.27%
Second Best
Mixed Use
$753.5K
$659.3K – $879.1K
NOI $52,744 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$998.0K
$873.3K – $1.16M
NOI $69,860 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Dunkin' Donuts
Dining
5,887 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
4,579 visits/mo
0.1 miles
BP
Shops & Services
4,301 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,325 visits/mo
0.1 miles
Citizens Bank
Shops & Services
2,838 visits/mo
0.1 miles
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Essex County, NJ
Properties on Market for Mixed-use properties in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two storefronts and a three-bedroom residence share a property with a driveway and backyard.
Where is this mixed-use property located?
The property is located at 32-34 Mill Rd #32-34 Irvington, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two retail storefronts; Two‑story apartment with 3 bedrooms; 3,822‑square‑foot property built in 1900
