Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Montclair Warehouse Garage Bays For Lease Title is generated by Realmo AI

    328 Orange Rd, Montclair, NJ 07042

    View on Map
    Claim this Listing
    For Lease
    $2,000 /Mo

    Secure garage bays in Montclair, ideal for parking, storage, or workshops.

    Type:Commercial
    Lot size:
    0.26 Acres
    Added:
    May 28, 2025
    Days on Market:
    372
    Last Refresh:
    May 10 at 10:02 pm

    Property Features for 328 Orange Rd

    General Information

    Standard status
    Active
    Lot size
    0.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1922

    We can help!

    Listing Contact
    MICHAEL FOURTE

    Listing agent MICHAEL FOURTE

    Listing office FOURTE INTERNATIONAL

    Listing date May 28, 2025

    Source Corcoran

    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 FOURTE INTERNATIONAL

    HighLights

    • Highly secure garage bays with surveillance cameras and key‑controlled access.
    • Versatile space suitable for secure parking, storage, workshops, or contractor use.
    • High ceilings (14 feet) and deep bays (40 feet).
    • Ceiling cranes available for tenant use.
    • Bay 2 includes access to an elevated internal loading area.
    • Optional second‑floor private office suite available with Bay 1.

    Overview

    Available for lease are highly secure and versatile garage bays located in Montclair, within a mixed residential and commercial zone. This detached masonry warehouse offers four individual bays, each measuring approximately 10'x12' and 40 feet deep, complemented by 14-foot ceilings. These bays are suitable for secure parking, storage, workshops, or contractor use. The property is equipped with surveillance cameras and key-controlled access to ensure security. Ceiling cranes are available for tenant use, and access to a shared bathroom is provided. Bays 3 and 4 are available. Bay 2 includes access to an elevated internal loading area, usable for equipment or material transfer with a forklift or hoist system. Bay 1 includes a designated storage area. A second-floor private office suite featuring four desks, a filing cabinet, and a private bathroom with direct and separate entry from the warehouse floor is available. Parking for personal vehicles is available for rent. A designated dumpster location is provided, and dumpster placement is required. This well-maintained, secure, and functional space presents an opportunity for various operational needs. All bays are available at a base rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schlaefer Masonry General Contractor Joseph A Miele Co, ... Waste Management Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.219
    Latitude
    40.7968

    Nearby Similar for Lease

    • $2,200/Mo
      2,540 SF

      Montclair Commercial Space for Rent

      Versatile 1,475 sq ft space ideal for various uses.
      289 Park Street, Montclair Twp., NJ 07043-2210
      View Details
    • $4,500/Mo
      1,260 SF

      Montclair Auto Repair Facility Available

      One-story masonry building with auto repair use grandfathered in.
      15 Willard Pl, Montclair Twp., NJ 07042-4007
      View Details
    • $5,000/Mo
      875 SF

      Montclair Commercial Space For Rent

      Prime commercial space in the heart of Montclair's business district.
      444 Bloomfield Ave, Montclair Twp., NJ 07042-3742
      View Details
    • $4,800/Mo
      850 SF

      Montclair Commercial Space For Rent

      Commercial space in the heart of Montclair's business district.
      440 Bloomfield Ave, Montclair Twp., NJ 07042-3742
      View Details
    • $2,200/Mo

      Move-in Ready Montclair Office Suite

      Bright, professional office space in downtown Montclair.
      26 Park St, Montclair Twp., NJ 07042-3434
      View Details
    • $550/Mo
      108 SF

      Montclair Office Space For Rent

      Office space in Upper Montclair Center, convenient location.
      248 Lorraine Ave Suite 9, Montclair Twp., NJ 07043-1454
      View Details
    • $2,650/Mo

      Montclair Office Penthouse Suite

      Top-floor office suite in downtown Montclair with utilities included.
      26 Park St PH, Montclair Twp., NJ 07042-3434
      View Details
    • $2,300/Mo

      Montclair Twp. Commercial Space

      Second floor commercial space in mixed-use building near Welmont Arts Plaza.
      398 Bloomfield Ave, Montclair Twp., NJ 07042
      View Details
    • Sponsored
      Contact for pricing

      Montclair

      28 Valley Rd, Unit Montclair New Jersey United States of America 07042, Montclair, NJ 07042
      View Details
    • $550/Mo

      Montclair Office Space For Rent

      Office space in an elevator building with utilities included.
      248 Lorraine Ave Suite 10, Montclair Twp., NJ 07043-1454
      View Details
    • $2,100/Mo

      Montclair Office Space For Rent

      Open office suite in historic Wellmont building, Montclair.
      408 Bloomfield Ave Suite A, Montclair Twp., NJ 07042
      View Details
    • $3,400/Mo
      1,200 SF

      Upper Montclair Office Space Available

      1200 SF office space in Upper Montclair, available now.
      206 Bellevue Ave, Montclair Twp., NJ 07043
      View Details

    FAQs

    What type of property is this?
    Warehouse - Secure garage bays in Montclair, ideal for parking, storage, or workshops.
    Where is this warehouse located?
    The property is located at 328 Orange Rd Montclair, NJ.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Highly secure garage bays with surveillance cameras and key‑controlled access.; Versatile space suitable for secure parking, storage, workshops, or contractor use.; High ceilings (14 feet) and deep bays (40 feet).
    (973) 380-0580
    We can help!
    Listing Contact
    MICHAEL FOURTE
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    328 Orange Rd, Montclair Twp., NJ 07042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!