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    115 River Rd Edgewater, NJ 07020

    Sponsored
    For Lease
    Contact for pricing

    NYC & Hudson River views, modern office

    Lot size:
    110 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional 110 sq ft executive/creative office suite is located in a waterfront loft building in Edgewater, NJ, offering stunning views of the New York City skyline and the Hudson River. The space features a modern design with brick accent walls and high ceilings, complemented by large windows that flood the office with natural light. Situated in a vibrant area, this single-tenant space is perfect for a professional individual or small company. The building boasts a shared parking lot with ample spaces, providing convenient access for you and your clients. The location is ideal, close to City Place and surrounded by numerous amenities, including Cando Fitness, Banana Republic, Gap, Fleming's Prime Steakhouse, Panera Bread, Moe's, Chipotle Mexican Grill, CVS Pharmacy, and Target. While the suite is part of a shared workspace, it offers the privacy of a private office. Note that the square footage is an estimate and may vary based on available spaces. This property is not suitable for retail or service industries.

    Property Features for 115 River Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110 SF

    Unit(s) available at that property

    Space
    Size
    110 SF

    We can help!

    Listing Contact
    David Kwon

    Learn more

    HighLights

    • 110 sq ft executive/creative office suite in Edgewater, NJ waterfront loft building with NYC skyline views.
    • Modern design with brick accents, high ceilings, and abundant natural light.
    • Single‑tenant space ideal for a professional or small company, located near City Place and numerous amenities.
    • Shared parking lot available; Note: Square footage is approximate. Not suitable for retail or service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anca Popa Md Orthopedic Surgeon Law Offices Of Kendal ... General Practice Attorney Hudson Immigration Center Immigration Attorney Dr. Michael J. ... Family Practice Physician Ramzi E. Anz, ... Physician Assistant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9877593
    Latitude
    40.8036464

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    FAQs

    What type of property is this?
    Office space - NYC & Hudson River views, modern office
    Where is this office space located?
    The property is located at 115 River Rd Edgewater, NJ.
    What are key features of this property?
    This property features: 110 sq ft executive/creative office suite in Edgewater, NJ waterfront loft building with NYC skyline views.; Modern design with brick accents, high ceilings, and abundant natural light.; Single-tenant space ideal for a professional or small company, located near City Place and numerous amenities.
    Request Owner's contact information
    115 River Rd Edgewater, NJ 07020
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    Edgewater, NJ 07020
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    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
    115 River Rd Edgewater, NJ 07020
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    We can help!
    Listing Contact
    David Kwon
    Real Estate License ID: NJ 0569398
    Learn more
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