Retail Space with Exposed
For Sale
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5 S Willow St, Montclair, NJ 07042
Downtown suite combines new HVAC, polished concrete flooring, and an ADA-compliant bathroom within a signalized corner setting.
Property Size2,301 SF
Price / SF$2.92
Days on Market70
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Property Features for 5 S Willow St
General Information
Standard status
Active
Size
2,301 SF
Amenities
freshly polished concrete floors
New HVAC with exposed ductwork
1 ADA compliant bathroom
Exposed brick walls
Building Details
Year Built
1923
Listing Agency:
BHHS FOX & ROACH
Listed By:
ROMAN DRUKAROV · License #298368
(973) 454-3218
Source:
Goldstandardrealty
Added: Aug 7
Changed: Oct 13
Last Checked: Oct 7 at 5:23PM
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
Investment Insights
Based on property information with market context.
This retail space encompasses 2,301 square feet within a building constructed in 1923. The suite is being separated from a larger existing area and features freshly polished concrete floors, exposed brick walls, exposed HVAC ductwork, and 15' ceilings. One ADA-compliant bathroom serves the space.
The property is located at 5 S. Willow St. in downtown Montclair, at the corner of Bloomfield Avenue and a 4-way signalized intersection. Its position provides street exposure and places the suite within an established downtown setting. The configuration supports retail or office use as described in the property information.
The property is located at 5 S. Willow St. in downtown Montclair, at the corner of Bloomfield Avenue and a 4-way signalized intersection. Its position provides street exposure and places the suite within an established downtown setting. The configuration supports retail or office use as described in the property information.
Key Highlights
- 2,301sf retail or office suite being subdivided from a larger existing space
- 15' ceilings with exposed brick walls and exposed ductwork
- New HVAC system and freshly polished concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,843
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,860
$656.9K
Cap Rate 7%
$469,186
$469.2K
Cap Rate 9%
$364,922
$364.9K
Market Conditions
NOI Build-Up for 2,301 SF
Gross rent
$49.7K $21.60/SF
− Vacancy
−$2.8K −$1.21/SF
EGI
$46.9K $20.39/SF
− OpEx
−$14.1K −$6.12/SF
NOI
$32.8K $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%
$656,860
Cap Rate 7%
$469,186
Cap Rate 9%
$364,922
Alternative Uses
Best Use
Office B
$502.9K
$440.1K – $586.8K
NOI $35,205 @ 7.0% cap · market cap 524.59%
Second Best
Retail
$469.2K
$410.5K – $547.4K
NOI $32,843 @ 7.0% cap · market cap 489.39%
Theoretical Best
Office A
$600.8K
$525.7K – $701.0K
NOI $42,059 @ 7.0% cap · market cap 626.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,335
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Downtown suite combines new HVAC, polished concrete flooring, and an ADA-compliant bathroom within a signalized corner setting.
Where is this retail space located?
The property is located at 5 S Willow St Montclair, NJ.
What are key features of this property?
This property features: 2,301sf retail or office suite being subdivided from a larger existing space; 15' ceilings with exposed brick walls and exposed ductwork; New HVAC system and freshly polished concrete floors
