Mixed-Use Property with Office
499 VALLEY ST Unit 1-3 Maplewood, NJ 07040
499 VALLEY ST Unit 1-3, Maplewood, NJ, 07040
$1,500,000
For Sale
$1,500,000
Renovated two-family residence plus a separate single-story commercial office with street-level visibility.
Property Size9,999 SF
Price / SF$150.02
Days on Market116
Property Features for 499 VALLEY ST Unit 1-3
General Information
- Standard status
- Active
- Size
- 9,999 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1922
Listing agency
COMPASS NEW JERSEY, LLC
(973) 310-6816
Listed by
PETER DECICCO
Source
Xome
Added: Mar 28 Updated: Jul 21 at 6:49AM Checked: Jul 21 at 6:49AM
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 COMPASS NEW JERSEY, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a fully renovated two-family home with a separate single-story commercial office space. The residential portion includes updated kitchens, modern bathrooms, and refreshed flooring throughout. The tenant arrangement also includes access to the basement, which features two separate washers and dryers. Tenants additionally have access to the third floor, which is open for their exclusive use as an office space, recreation area, or storage.
The commercial office is located at street level and is described as offering visibility and flexibility for a variety of uses.
Offered for sale as a complete mixed-use investment, the property provides two-family residential living alongside a dedicated office component within the same asset.
The commercial office is located at street level and is described as offering visibility and flexibility for a variety of uses.
Offered for sale as a complete mixed-use investment, the property provides two-family residential living alongside a dedicated office component within the same asset.
Key Highlights
- Renovated 2‑family home plus separate single‑story commercial office space with street‑level visibility
- Roof: flat and asphalt shingle; zoning: OB; Central Business District
- Interior includes tile and wood flooring and heating listed as 3
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.0k | $24.00 |
| − Vacancy | −$19.2k | −$1.92 |
| EGI | $220.8k | $22.08 |
| − OpEx | −$82.8k | −$8.28 |
| NOI | $138.0k | $13.80 |
9,999 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$2.39M
$2.09M – $2.79M
NOI $167,345 @ 7.0% cap · market cap 11.16%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,765 @ 7.0% cap · market cap 10.25%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,766 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Christine Coster - State ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family residence plus a separate single-story commercial office with street-level visibility.
Where is this duplex located?
The property is located at 499 VALLEY ST Unit 1-3 Maplewood, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Renovated 2‑family home plus separate single‑story commercial office space with street‑level visibility; Roof: flat and asphalt shingle; zoning: OB; Central Business District; Interior includes tile and wood flooring and heating listed as 3
