Retail Storefront
51 Cortlandt Street Belleville, NJ 07109
51 Cortlandt Street, Belleville, NJ, 07109
Contact for pricing
For Sale
Contact for pricing
Commercial retail building for sale with approximately 5,200 square feet of space.
Property Size5,200 SF
Price / SF$250
Days on Market19
Property Features for 51 Cortlandt Street
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Retail
Listing Agency
Weichert Commercial Brokerage Inc Morris Plains
Listed by
David Williams · License #NJ 0448784
Source
Crexi
Added: Jul 3 Updated: Jul 20 at 5:10 pm Checked: Jul 20 at 5:10 pm
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 Weichert Commercial Brokerage Inc Morris Plains
Investment Insights
Based on property information with market context.
This commercial building for sale offers approximately 5,200 square feet of retail-oriented space. The property is presented as a standalone storefront building suitable for retail tenancy or other commercial use consistent with the existing structure.
Located at 51 Cortlandt Street in Belleville, New Jersey, the building is close to several major roadways, including Routes 21, 280, and 3, as well as the Garden State Parkway and the NJ Turnpike.
For additional site details and configuration specifics, please contact the listing broker.
Located at 51 Cortlandt Street in Belleville, New Jersey, the building is close to several major roadways, including Routes 21, 280, and 3, as well as the Garden State Parkway and the NJ Turnpike.
For additional site details and configuration specifics, please contact the listing broker.
Key Highlights
- Commercial retail building for sale at 51 Cortlandt Street, Belleville, NJ 07109
- Approx. 5,200 SF commercial building
- Listed at $250.00 per SF
Local Financial Insights For Retail
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 | $112.3k | $21.60 |
| − Vacancy | −$6.3k | −$1.21 |
| EGI | $106.0k | $20.39 |
| − OpEx | −$31.8k | −$6.12 |
| NOI | $74.2k | $14.27 |
5,200 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$927.8K – $1.24M
NOI $74,221 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,048 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tapco Industries Inc
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial retail building for sale with approximately 5,200 square feet of space.
Where is this retail space located?
The property is located at 51 Cortlandt Street Belleville, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Commercial retail building for sale at 51 Cortlandt Street, Belleville, NJ 07109; Approx. 5,200 SF commercial building; Listed at $250.00 per SF
