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    23 Pawnee Ave Rockaway, NJ 07866

    Sponsored
    For Sale
    $524,900

    Move-in ready, 2-story office, ample parking.

    Property size:
    2,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional owner-user opportunity presents a 2,560 square foot, fee-simple office building in Rockaway, New Jersey. Located at 23 Pawnee Ave, 07866, this single-tenant property boasts a prime location less than 45 minutes from Manhattan. The building, renovated in 2018 and situated on a 0.147-acre lot, is zoned B-1. The first floor offers a functional layout including five cubicles, two private offices, a file storage room, a storage room with an electric lift to the lower level, two bathrooms, and a breakroom. The lower level provides versatile space, currently configured with an open bullpen area featuring eight new workstations, a large room adaptable for additional offices, storage, or a gym, and locked storage. Recent upgrades include a new on-demand boiler and hot water heater (2022), a roof reseal (2024), and a Generac Guardian 20kW gas-powered backup generator, ensuring reliable operation. Seven or more vehicles can be accommodated in the private parking lot. This is a rare opportunity to acquire a well-maintained, fully functional office building with significant upside potential. The building consists of one, two-story structure.

    Property Features for 23 Pawnee Ave

    General Information

    Property type
    Office space
    Square Feet
    2,560 SF
    Lot Size
    6,403 SF

    Building Details

    Year Renovated
    2018
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 2,560 SF fee‑simple office building in Rockaway, NJ, on a 0.147‑acre lot.
    • Single‑tenant property with a prime location, less than 45 minutes from Manhattan.
    • 2018 renovation, zoned B‑1.
    • Features include five cubicles, two private offices, storage, two bathrooms, and a breakroom.
    • Lower level offers versatile space with workstations, adaptable rooms, and storage.
    • Recent upgrades include a new boiler and hot water heater (2022), roof reseal (2024), and a 20kW Generac backup generator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockaway
    County
    Morris
    State
    New Jersey
    Longitude
    -74.510085053483
    Latitude
    40.919658346569

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    FAQs

    What type of property is this?
    Office space - Move-in ready, 2-story office, ample parking.
    Where is this office space located?
    The property is located at 23 Pawnee Ave Rockaway, NJ.
    What is the asking price?
    The asking price for this property is $524,900.
    What are key features of this property?
    This property features: 2,560 SF fee-simple office building in Rockaway, NJ, on a 0.147-acre lot.; Single-tenant property with a prime location, less than 45 minutes from Manhattan.; 2018 renovation, zoned B-1.
    Request Owner's contact information
    23 Pawnee Ave Rockaway, NJ 07866
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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
    23 Pawnee Ave Rockaway, NJ 07866
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