Stand Alone Office
For Sale
$999,900
772 Union Blvd, Totowa Boro, NJ 07512
Stand alone office building for sale, suitable for professionals.
Property Size2,500 SF
Price / SF$399.96
Days on Market147
Property Features for 772 Union Blvd
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1880
Listing Agency:
PREMIER PROPERTIES DAMIANO GROUP
Listed By:
RAYMOND DAMIANO · License #236475
(973) 256-0303
Source:
Luminancerealty
Added: May 20
Changed: Sep 25
Last Checked: Oct 5 at 8:17PM
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 PREMIER PROPERTIES DAMIANO GROUP
Investment Insights
Based on property information with market context.
This stand-alone office building offers an opportunity for professionals to own their workspace. The property is in good condition and includes a lift providing handicap access to the first floor. The layout features offices on the main two floors, along with a finished, walk-up attic suitable for storage. A full, mostly finished basement is also included. The property has a size of 2500 square feet.
Key Highlights
- Stand‑alone office building: Offers independence and branding opportunities
- Handicap access to the first floor: Ensures accessibility for all
- Finished attic with walk‑up access: Provides ample storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,250
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,000
$765.0K
Cap Rate 7%
$546,429
$546.4K
Cap Rate 9%
$425,000
$425.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$75.0K $30.00/SF
− Vacancy
−$24.0K −$9.60/SF
EGI
$51.0K $20.40/SF
− OpEx
−$12.8K −$5.10/SF
NOI
$38.3K $15.30/SF
Area
Paterson, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,000
Cap Rate 7%
$546,429
Cap Rate 9%
$425,000
Alternative Uses
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 4.57%
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
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 07512, NJ
11,042
Population
4,002
Households
2.8
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
4.0 sq mi
ZIP Area
2,761
Density / Sq Mi
$114,177
Median Household Income
$56,348
Median Earnings
$1,703
Median Rent
$507,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Stand alone office building for sale, suitable for professionals.
Where is this office building located?
The property is located at 772 Union Blvd Totowa Boro, NJ.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Stand‑alone office building: Offers independence and branding opportunities; Handicap access to the first floor: Ensures accessibility for all; Finished attic with walk‑up access: Provides ample storage space
