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    12 Ampere Pkwy East Orange, NJ 07017

    For Sale
    $2,900,000

    Prime East Orange multifamily & retail

    Property size:
    19,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional value-add investment opportunity presents a three-story, mixed-use building situated on a 0.099-acre lot in the desirable Ampere neighborhood of East Orange, New Jersey. The 20,000 square-foot property boasts a 100% occupancy rate, generating a pro-forma NOI of $308,097 and a pro-forma cap rate of 10.62%. The building comprises 21 units: 17 one-bedroom apartments, 2 studios, and two ground-floor retail spaces currently occupied by "His & Hers Hair Boutique" and "K&E Mini Market." Two income-producing billboards further enhance the property's revenue stream. The asking price is $2,900,000, translating to $138,095.24 per unit. Located at 12 Ampere Parkway, 07017, this property is zoned Gateway Commercial (C-1) and offers significant upside potential due to below-market apartment rents and flexible lease terms. The building's total square footage is estimated between 19,000 and 21,000 square feet. This is a rare chance to acquire a well-located, income-producing asset in a thriving East Orange community. The property's strong cash flow and value-add potential make it an attractive investment for discerning buyers.

    Property Features for 12 Ampere Pkwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,000 SF
    Lot Size
    4,312 SF

    Building Details

    Buildings
    1
    Stories
    3
    Units
    21

    HighLights

    • Exceptional value‑add opportunity: Three‑story mixed‑use building in desirable East Orange, NJ.
    • 20,000 SF building on a 0.099‑acre lot with 100% occupancy.
    • $2,900,000 asking price; $138,095.24 per unit; Pro‑forma NOI of $308,097 and a 10.62% cap rate.
    • 21 units (17 one‑bedroom apartments, 2 studios, 2 ground‑floor retail spaces) plus two billboards.
    • Located at 12 Ampere Parkway, East Orange, NJ 07017 (C‑1 zoning).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mendoza Gift Shop Gift Shop K&E Mini Market Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.194174977477
    Latitude
    40.76703994316

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    FAQs

    What type of property is this?
    Individual retail property - Prime East Orange multifamily & retail
    Where is this individual retail property located?
    The property is located at 12 Ampere Pkwy East Orange, NJ.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Exceptional value-add opportunity: Three-story mixed-use building in desirable East Orange, NJ.; 20,000 SF building on a 0.099-acre lot with 100% occupancy.; $2,900,000 asking price; $138,095.24 per unit; Pro-forma NOI of $308,097 and a 10.62% cap rate.
    Request Owner's contact information
    12 Ampere Pkwy East Orange, NJ 07017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Ampere Pkwy East Orange, NJ 07017
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