632 Eagle Rock Ave, West Orange, NJ 07052
Adaptable commercial property with multiple rooms, parking, and basement.
- Added:
- May 12, 2024
- Days on Market:
- 774
- Last Refresh:
- May 20 at 2:02 am
Property Features for 632 Eagle Rock Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1930
Listing agent BETH ALBANESE (201) 403-4357
Listing office GARABEDIAN REALTY GROUP (201) 403-4357
Listing date May 12, 2024
Source Exitrealty
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 GARABEDIAN REALTY GROUP
HighLights
- Prime location near major highways, bus stops, and West Orange commerce
- Versatile layout with 8 separated rooms, suitable for various uses
- Ample parking with 10 spots
- Two bathrooms
- Two sitting areas
- Partially finished basement
Overview
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 | $72.0k | $24.00 |
| − Vacancy | −$5.8k | −$1.92 |
| EGI | $66.2k | $22.08 |
| − OpEx | −$24.8k | −$8.28 |
| NOI | $41.4k | $13.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2586
- Latitude
- 40.8098
