Free Standing Office
75 E Main St Rockaway, NJ 07866
75 E Main St, Rockaway, NJ, 07866
$849,000
Pending
For Sale
$849,000
Pending
2500 sq ft office building with expansion potential.
Property Size2,500 SF
Lot Size0.50 Acres
Days on Market101
Property Features for 75 E Main St
General Information
- Standard status
- Pending
- Size
- 2,500 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agency
RE/MAX TOWN & VALLEY II
(973) 598-1008
Listed by
RICK J RUOTOLO
Source
Corcoran
Added: Apr 14 Updated: Jul 10 at 1:14PM Checked: Jul 22 at 10:09AM
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 RE/MAX TOWN & VALLEY II
Investment Insights
Based on property information with market context.
This is a 2500 square foot free-standing office building. The solid brick building is located on East Main Street and offers potential for future expansion. Previously a bank, the building includes a working vault in the lower level. Currently used as an engineering office, the property features a 0.5-acre level parking area accommodating approximately 36 cars. It has separate entrances and exits and is situated next to an elementary school. The building is also available for rent.
Key Highlights
- Prime East Main Street location
- 2500 sq ft solid brick free‑standing building
- Ample parking with space for 36 cars, separate entrance and exit
Local Financial Insights For Office B
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 | $75.0k | $30.00 |
| − Vacancy | −$24.0k | −$9.60 |
| EGI | $51.0k | $20.40 |
| − OpEx | −$12.8k | −$5.10 |
| NOI | $38.3k | $15.30 |
2,500 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Life Systems Inc
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2500 sq ft office building with expansion potential.
Where is this office building located?
The property is located at 75 E Main St Rockaway, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Prime East Main Street location; **2500 sq ft solid brick free‑standing building**; Ample parking with space for 36 cars, separate entrance and exit
