89 Valley Rd, Montclair, NJ 07042

Building Details

Building Size 7,719 SF More

Year Built 1970 More

Buildings 1 More

Stories 2 More

Units 3 More

Construction brick and block More

Listing Agency: Keller Williams Realty Show Phone

Listed By: Leonard Ginchereau Jr · License #0227183 Show Phone

Source: Cammarotarealestate

Added: Jun 23 Changed: Nov 7 Last Checked: Nov 8 at 12:53PM

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Investment Insights

Based on property information with market context.

This freestanding, two-story office building was constructed in 1970 with brick and block exterior materials. The ground floor is divided into two adjoining suites, which may be combined; the upper level is configured as one suite with a separate entrance and signage. The property has served medical and professional office functions and is offered in as-is condition.

Located at 89 Valley Rd in Montclair Township, New Jersey, the building is zoned R-2.

Key Highlights

• Two‑story freestanding office building with brick and block construction
• Ground‑floor layout offers two adjoining suites or one combined space
• Entire second floor is configured as a single suite with its own entrance and signage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$118,101

Cap Rate

4.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,362,020 $2.4M

Cap Rate 7%

$1,687,157 $1.7M

Cap Rate 9%

$1,312,233 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,719 SF

Gross rent

$231.6K $30.00/SF

− Vacancy

−$74.1K −$9.60/SF

EGI

$157.5K $20.40/SF

− OpEx

−$39.4K −$5.10/SF

NOI

$118.1K $15.30/SF

Area

Essex County, 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%

$2,362,020

Cap Rate 7%

$1,687,157

Cap Rate 9%

$1,312,233

Alternative Uses

Best Use

Office B

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,101 @ 7.0% cap · market cap 4.00%

Second Best

Healthcare Medical

$1.64M

$1.44M – $1.92M (±1% cap)

NOI $114,933 @ 7.0% cap · market cap 3.90%

Theoretical Best

Office A

$2.02M

$1.76M – $2.35M (±1% cap)

NOI $141,091 @ 7.0% cap · market cap 4.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rowe Plastic Surgery Physician Patient Centered Medical ... Physician Regenerative Medicine Institute Medical Clinic Stem Cell Face ... Medical Clinic Mcdonald William S ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist Storage Facility Mobile Phone Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Office units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3,771

Businesses Nearby

Explore this area Business Placement

Demographics for 07042, NJ

27,384

Population

11,682

Households

2.3

Avg Household Size

39

Median Age

67%

College-Educated

96%

High-School Grad

3.8 sq mi

ZIP Area

7,206

Density / Sq Mi

$127,083

Median Household Income

$75,856

Median Earnings

$2,017

Median Rent

$733,100

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Essex County, NJ

$346 Jul

$299 Aug

$266 Sep

$268 Oct

Properties on Market for Office buildings in Essex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - The ground floor has two adjacent suites that can be combined into one contiguous space.

Where is this office building located?

The property is located at 89 Valley Rd Montclair, NJ.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Two‑story freestanding office building with brick and block construction; Ground‑floor layout offers two adjoining suites or one combined space; Entire second floor is configured as a single suite with its own entrance and signage