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    Commercial Property Available For Sale Title is generated by Realmo AI

    2740 NJ-42, Washington Township, NJ 08081

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    Commercial property with retail and office space available for sale.

    Type:Retail, Office
    Property size:
    6,301 SF
    Price / SF:
    $190/SF
    Added:
    Oct 18, 2024
    Days on Market:
    627
    Last Refresh:
    Jul 5 at 10:33 am

    Property Features for 2740 NJ-42

    General Information

    Standard status
    Active
    Size
    6,301 SF
    Property subtype
    Retail, Office

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    Gregory Bianchi

    Listing office Us Realty Associates, Inc

    Listing date Oct 18, 2024

    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 Us Realty Associates, Inc

    HighLights

    • Available for sale

    Overview

    A commercial property featuring both retail and office spaces is available for sale. The property encompasses a total area of 6,301 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $189.0k $30.00
    − Vacancy −$60.5k −$9.60
    EGI $128.5k $20.40
    − OpEx −$32.1k −$5.10
    NOI $96.4k $15.30
    6,301 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,405 @ 7.0% cap · market cap 8.03%
    Second Best
    Retail
    $1.28M
    $1.12M – $1.50M (±1% cap)
    NOI $89,936 @ 7.0% cap · market cap 7.49%
    Theoretical Best
    Office A
    $1.65M
    $1.44M – $1.92M (±1% cap)
    NOI $115,172 @ 7.0% cap · market cap 9.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Washington Township
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.9786
    Latitude
    39.7334

    FAQs

    What type of property is this?
    Retail property - Commercial property with retail and office space available for sale.
    Where is this retail property located?
    The property is located at 2740 NJ-42 Washington Township, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Available for sale
    (215) 557-9900 Call to check price and availability
    More about this property
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