Office Building with
For Sale
$925,000
35 Brant Ave, Clark, NJ 07066
Owner-occupied office property with additional unfinished lower-level space.
Property Size2,600 SF
Price / SF$355.77
Days on Market41
Property Features for 35 Brant Ave
General Information
Standard status
Active
Size
2,600 SF
Building Details
Year Built
1987
Buildings
1
Tenancy
Single
Owner Occupied
Yes
Abandoned
No
Listing Agency:
VILLAGE GREEN REALTORS
Listed By:
ANTHONY DAGOSTINO · License #7812482
Source:
Goldstandardrealty
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 6:39PM
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 VILLAGE GREEN REALTORS
Investment Insights
Based on property information with market context.
This office building offers 2,600 square feet of space and has been occupied by its current owner since 1987. The property includes an unfinished high basement that provides additional lower-level area for storage or future improvement, subject to applicable requirements.
The building is located at 35 Brant Ave in Clark, New Jersey. No tenants are currently in place, supporting continued owner occupancy or a future repositioning of the property, subject to applicable requirements.
The building is located at 35 Brant Ave in Clark, New Jersey. No tenants are currently in place, supporting continued owner occupancy or a future repositioning of the property, subject to applicable requirements.
Key Highlights
- 2,600‑square‑foot office building
- Owner occupied since 1987
- Unfinished high basement provides additional lower‑level space
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
$39,780
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
4.30%
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%
$795,600
$795.6K
Cap Rate 7%
$568,286
$568.3K
Cap Rate 9%
$442,000
$442.0K
Market Conditions
NOI Build-Up for 2,600 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
$78.0K $30.00/SF
− Vacancy
−$25.0K −$9.60/SF
EGI
$53.0K $20.40/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $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%
$795,600
Cap Rate 7%
$568,286
Cap Rate 9%
$442,000
Alternative Uses
Best Use
Office B
$568.3K
$497.3K – $663.0K
NOI $39,780 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 07066, NJ
15,555
Population
6,084
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
3,535
Density / Sq Mi
$122,610
Median Household Income
$68,866
Median Earnings
$1,793
Median Rent
$570,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Owner-occupied office property with additional unfinished lower-level space.
Where is this office building located?
The property is located at 35 Brant Ave Clark, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2,600‑square‑foot office building; Owner occupied since 1987; Unfinished high basement provides additional lower‑level space
