Freestanding Office
For Sale
$999,900
772 Union Blvd #1, Totowa Boro, NJ 07512
A lift provides access to the first floor, with office space arranged across the main levels.
Property Size2,500 SF
Price / SF$399.96
Days on Market158
Property Features for 772 Union Blvd #1
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
11
Elevators
Yes
Property subtype
Commercial
Zoning
Office
Building Details
Building Size
2,500 SF
Year Built
1880
Buildings
1
Stories
2
Units
1
Listing Agency:
Premier Properties Damiano Group
Listed By:
Raymond Damiano · License #236475
(973) 256-0303
Source:
Cammarotarealestate
Added: May 19
Changed: Oct 22
Last Checked: Oct 22 at 2:33PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property contains 2,500 square feet and was built in 1880. Office areas occupy the two primary floors, with a finished attic accessed by stairs and suited to storage. The building also includes a full basement that is mostly finished. A lift serves the first floor, and the property is zoned Office.
Key Highlights
- 2,500‑square‑foot freestanding office building
- Office areas span the two main floors, with a finished attic for storage
- Full basement, mostly finished
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
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A lift provides access to the first floor, with office space arranged across the main levels.
Where is this office building located?
The property is located at 772 Union Blvd #1 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: 2,500‑square‑foot freestanding office building; Office areas span the two main floors, with a finished attic for storage; Full basement, mostly finished
