Freestanding Office
New
For Sale
$449,900
348 S Wood Ave, Linden, NJ 07036
Freestanding commercial space in the OPT zoning district supports professional and service-oriented operations.
Property Size1,140 SF
Price / SF$394.65
Days on Market3
Property Features for 348 S Wood Ave
General Information
Standard status
Active
Size
1,140 SF
Zoning
OPT
Additional Details
Corner Location
No
Liquor License
No
Building Details
Year Built
1998
Buildings
1
Listing Agency:
MASTER KEY REALTORS
Listed By:
BRUCE MCDONALD JR.
(732) 629-7111
Source:
Goldstandardrealty
Added: Sep 18
Last Checked: Sep 19 at 10:48AM
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 MASTER KEY REALTORS
Investment Insights
Based on property information with market context.
This freestanding commercial building provides approximately 1,140 square feet of storefront space for professional office and appointment-based service operations. The property was built in 1998 and is located at 348 S Wood Ave in Linden City, New Jersey.
The OPT (Office Professional Transition) zoning district supports professional and service-oriented uses. Potential applications identified for the space include insurance, accounting, real estate, legal, consulting, therapy, locksmith, and other lower-traffic personal service businesses.
The OPT (Office Professional Transition) zoning district supports professional and service-oriented uses. Potential applications identified for the space include insurance, accounting, real estate, legal, consulting, therapy, locksmith, and other lower-traffic personal service businesses.
Key Highlights
- Approximately 1,140 sq ft of storefront space
- Freestanding commercial building
- OPT (Office Professional Transition) zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,840
$348.8K
Cap Rate 7%
$249,171
$249.2K
Cap Rate 9%
$193,800
$193.8K
Market Conditions
NOI Build-Up for 1,140 SF
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.
Gross rent
$34.2K $30.00/SF
− Vacancy
−$10.9K −$9.60/SF
EGI
$23.3K $20.40/SF
− OpEx
−$5.8K −$5.10/SF
NOI
$17.4K $15.30/SF
Area
Union 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,840
Cap Rate 7%
$249,171
Cap Rate 9%
$193,800
Alternative Uses
Best Use
Office B
$249.2K
$218.0K – $290.7K
NOI $17,442 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$232.5K
$203.4K – $271.2K
NOI $16,272 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,837 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07036, NJ
45,161
Population
16,911
Households
2.7
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
10.9 sq mi
ZIP Area
4,143
Density / Sq Mi
$89,942
Median Household Income
$46,736
Median Earnings
$1,622
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walmart Home Theater Installation — 1050 W Edgar Rd, Linden, NJ 07036
- Strike Sound — 37 E 21st St, Linden, NJ 07036
- EZ CARTRIDGE LLC — 340 S Stiles St unit a, Linden, NJ 07036
- Compik Computer Services — Linden, NJ 07036
- iRuz Repairs — 411 N Wood Ave, Linden, NJ 07036
Frequently Asked Questions
What type of property is this?
Office space - Freestanding commercial space in the OPT zoning district supports professional and service-oriented operations.
Where is this office space located?
The property is located at 348 S Wood Ave Linden, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 1,140 sq ft of storefront space; Freestanding commercial building; OPT (Office Professional Transition) zoning district
