Flex
For Sale
$2,750,000
52 Washington St, West Orange, NJ 07052
Commercial building constructed in 1941.
Property Size10,000 SF
Price / SF$275
Days on Market47
Property Features for 52 Washington St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Vacant-User
Amenities
10,000 Square Foot Freestanding Industrial/Flex Building Situated on a 0.67-Acre Parcel in the Heart of West Orange, NJ.
Ideal Owner/User or Value-Add Investment Opportunity with the Ability to Occupy Immediately or Lease to an Industrial, Contractor, Warehouse, or Service-Oriented User
B-1 Zoning Allowing a Variety of Commercial and Business Uses, Creating Long-Term Flexibility for Future Ownership
Building Details
Building Size
10,000 SF
Year Built
1941
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source:
Marcusmillichap
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 5 at 3:02PM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This flex space offers 10,000 square feet within a commercial building constructed in 1941. The property is located at 52 Washington St in West Orange, New Jersey, within Essex County.
Key Highlights
- 10,000 SF of flex space
- Building constructed in 1941
- Located at 52 Washington St, West Orange, NJ 07052
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,104
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,182,080
$3.2M
Cap Rate 7%
$2,272,914
$2.3M
Cap Rate 9%
$1,767,822
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$260.4K $26.04/SF
− Vacancy
−$15.6K −$1.56/SF
EGI
$244.8K $24.48/SF
− OpEx
−$85.7K −$8.57/SF
NOI
$159.1K $15.91/SF
Area
Essex County, NJ
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,182,080
Cap Rate 7%
$2,272,914
Cap Rate 9%
$1,767,822
Alternative Uses
Best Use
Flex RnD
$2.27M
$1.99M – $2.65M
NOI $159,104 @ 7.0% cap · market cap 5.79%
Second Best
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,144 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building constructed in 1941.
Where is this flex space located?
The property is located at 52 Washington St West Orange, NJ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 10,000 SF of flex space; Building constructed in 1941; Located at 52 Washington St, West Orange, NJ 07052
