Renovated Four-Unit Storefront
For Sale
$999,999
401 Orange Rd, Montclair, NJ 07042
Updated multi-unit commercial property with new building systems and leased storefront space in Montclair’s South End.
Property Size2,628 SF
Price / SF$380.52
Days on Market51
Property Features for 401 Orange Rd
General Information
Standard status
Active
Size
2,628 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$17,323
Amenities
Central air
Ductless Split AC Cooling
Flat Roof
Forced Hot Air Heating
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
BHHS FOX & ROACH
(973) 744-5544
Listed By:
ROMAN DRUKAROV · License #298368
(973) 454-3218
Source:
Corcoran
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 3 at 6:31AM
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 BHHS FOX & ROACH
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit storefront property at 401 Orange Rd in Montclair’s South End section combines a 2,628-square-foot commercial building with a 1925 construction date and extensive renovation work. Improvements include new utilities, a replacement roof, and new stucco, creating an updated exterior and infrastructure package for the existing commercial layout.
The building is fully leased to new tenants, providing an established occupancy profile. A billboard that previously stood along the side of the property has been removed, and the side elevation may offer an opportunity for future billboard installation, subject to applicable approvals.
The building is fully leased to new tenants, providing an established occupancy profile. A billboard that previously stood along the side of the property has been removed, and the side elevation may offer an opportunity for future billboard installation, subject to applicable approvals.
Key Highlights
- Four‑unit storefront building totaling 2,628 square feet
- Extensively renovated with new utilities, roof, and stucco
- Fully leased to new tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,510
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,200
$750.2K
Cap Rate 7%
$535,857
$535.9K
Cap Rate 9%
$416,778
$416.8K
Market Conditions
NOI Build-Up for 2,628 SF
Gross rent
$56.8K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$53.6K $20.39/SF
− OpEx
−$16.1K −$6.12/SF
NOI
$37.5K $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%
$750,200
Cap Rate 7%
$535,857
Cap Rate 9%
$416,778
Alternative Uses
Best Use
Retail
$535.9K
$468.9K – $625.2K
NOI $37,510 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$686.2K
$600.5K – $800.6K
NOI $48,036 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07042, NJ
27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Roses & Gifts — 53 Llewellyn Ave, Bloomfield, NJ 07003
- CS Florals and Designs LLC — 324 Orange Rd, Montclair, NJ 07042
Frequently Asked Questions
What type of property is this?
Storefront property - Updated multi-unit commercial property with new building systems and leased storefront space in Montclair’s South End.
Where is this storefront property located?
The property is located at 401 Orange Rd Montclair, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑unit storefront building totaling 2,628 square feet; Extensively renovated with new utilities, roof, and stucco; Fully leased to new tenants
