Freestanding Office
348 S Wood Ave, Linden, NJ 07036
For Sale
$449,900
Freestanding commercial space in the OPT zoning district supports professional and service-oriented operations.
Property Size1,140 SF
Price / SF$394.65
Days on Market53
Property Features for 348 S Wood Ave
General Information
Standard status
Size
Zoning
Additional Details
Corner Location
Liquor License
Building Details
Year Built
Buildings
Listing Agency:
MASTER KEY REALTORS
Listed By:
BRUCE MCDONALD JR.
(732) 213-4555
Source:
Goldstandardrealty
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 7 at 2:37PM
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
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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 / Yr
$17,442
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Spaces in Union County, NJ
Properties on Market for Office Spaces in Union County
Vacancy Rate% for Office in Northeast region
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
