Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Essex Plaza Title is generated by Realmo AI

    314-334 Essex St, Lodi, NJ 07644

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available within a neighborhood shopping plaza.

    Type:Retail
    Added:
    Jul 14, 2021
    Days on Market:
    1773
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 314-334 Essex St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 314-334 Essex St Contact us

    We can help!

    Listing Contact
    David Hekemian

    Listing agent David Hekemian License #NJ

    Listing office Hekemian

    Listing date Jul 14, 2021

    Source Crexi

    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 Hekemian

    HighLights

    • Located in Essex Plaza, a hub for local neighborhood conveniences.
    • Established retail location with high foot traffic.
    • Current tenants include Supercuts, United Check Cashing, Kami Sushi Cafe, Essex Bagels, and New Cathay Chinese Restaurant.
    • Located in Lodi, NJ.
    • Offers a variety of local businesses.

    Overview

    Essex Plaza, located in Lodi, New Jersey, offers retail spaces suitable for various local neighborhood businesses. The plaza is currently home to tenants such as Supercuts, United Check Cashing, Kami Sushi Cafe, Essex Bagels, and New Cathay Chinese Restaurant.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lodi
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0665214
    Latitude
    40.8881044

    Nearby Similar for Lease

    • $5,400/Mo
      2,200 SF

      Lodi Boro Commercial Unit

      2,200 sq ft commercial unit in high-traffic strip mall.
      101 Terhune Ave, Lodi Boro, NJ 07644-2805
      View Details
    • $5,500/Mo
      2,200 SF

      High-Traffic Retail Space For Lease

      2,200 sq ft commercial unit with loading dock.
      101 Terhune Ave, Lodi Boro, NJ 07644
      View Details
    • $2,200/Mo
      2,200 SF

      Lodi Medical Office Space Available

      2200 SF medical office for rent in Lodi.
      256 Harrison, Lodi, NJ 07644
      View Details
    • $4,500/Mo

      Retail or Office Space Available

      Retail or office space with ample off-street parking.
      307 Main, Lodi, NJ 07644
      View Details
    • $5,000/Mo
      2,000 SF

      Prime Lodi Showroom/Retail Space

      Versatile commercial space in a high-exposure Lodi location.
      509 Westminster, Lodi, NJ 07644
      View Details
    • $1,500/Mo
      400 SF

      Freestanding Office in Lodi, NJ

      Freestanding 400 sq ft office space for lease.
      495 Westminster, Lodi, NJ 07644
      View Details
    • $3,000/Mo

      Inviting 2-Bed Apartment in Lodi

      Warm, comfortable 2-bed, 2-bath apartment near transportation and amenities.
      385 Passaic #7, Lodi, NJ 07644
      View Details
    • Contact for pricing
      28,000 SF

      Industrial Space with Highway Access

      19,000 SF industrial space with excellent highway access.
      240 State Rt 17 S, Lodi, NJ 07644
      View Details
    • Contact for pricing
      5,804 SF

      Medical Space Available for Lease

      Fully built-out urgent care/medical space with ample parking.
      184 Essex St, Lodi, NJ
      View Details
    • $5,000/Mo

      Lodi Garages, Office, Parking Spaces

      Garages, office space, and parking near Route 46.
      47-53 John, Lodi, NJ 07644
      View Details
    • Contact for pricing
      3,640 SF

      Retail Space in Lodi Commons

      Vibrant neighborhood center with national retailers, seeking diverse retail uses.
      15 Washington St, Lodi, NJ
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Lodi Commons

      Vibrant neighborhood center with national retailers in a populated area.
      25 Washington St, Lodi, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available within a neighborhood shopping plaza.
    Where is this retail space located?
    The property is located at 314-334 Essex St Lodi, NJ.
    What are key features of this property?
    This property features: Located in Essex Plaza, a hub for local neighborhood conveniences.; Established retail location with high foot traffic.; Current tenants include Supercuts, United Check Cashing, Kami Sushi Cafe, Essex Bagels, and New Cathay Chinese Restaurant.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Hekemian
    Real Estate License ID: NJ
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    314-334 Essex St, Lodi, OR 07644
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!