Mixed-Use Building with Loft
For Sale
$3,900,000
97 Baker St 999, Maplewood, NJ 07040
Downtown mixed-use property combines commercial suites with loft-style residential units near NJ Transit.
Property Size12,000 SF
Price / SF$325
Days on Market49
Property Features for 97 Baker St 999
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial Listing
Zoning
RB
Net Operating Income
$221,793
Building Details
Year Built
1932
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
COMPASS NEW JERSEY, LLC
Listed By:
Peter DeCicco · License #278720
(973) 420-4401
Source:
Thedeciccogroup.idxbroker
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 12:50PM
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 COMPASS NEW JERSEY, LLC
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Investment Insights
Based on property information with market context.
Located at 97 Baker St in Maplewood, this 1932 mixed-use property contains approximately 12,000 square feet across commercial and residential components. The commercial portion encompasses approximately 6,500 square feet arranged among five separate spaces, while three loft-style residential units provide approximately 5,500 square feet of additional area. The property is zoned RB.
The building is positioned near the NJ Transit train station and within Maplewood’s downtown Village. More than 15 restaurants and cafes, along with boutiques and professional services, are located nearby. Memorial Park is also in the surrounding Village setting, and Manhattan is less than 45 minutes away.
The building is positioned near the NJ Transit train station and within Maplewood’s downtown Village. More than 15 restaurants and cafes, along with boutiques and professional services, are located nearby. Memorial Park is also in the surrounding Village setting, and Manhattan is less than 45 minutes away.
Key Highlights
- Approximately 12,000 square feet across commercial and residential uses
- Five commercial spaces totaling approximately 6,500 square feet
- Three loft‑style residential units totaling approximately 5,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,536
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,690,720
$3.7M
Cap Rate 7%
$2,636,229
$2.6M
Cap Rate 9%
$2,050,400
$2.1M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$360.0K $30.00/SF
− Vacancy
−$24.5K −$2.04/SF
EGI
$335.5K $27.96/SF
− OpEx
−$151.0K −$12.58/SF
NOI
$184.5K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,690,720
Cap Rate 7%
$2,636,229
Cap Rate 9%
$2,050,400
Alternative Uses
Best Use
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,536 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$2.45M
$2.14M – $2.85M
NOI $171,279 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,341 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Starbucks
Dining
13,940 visits/mo
0.1 miles
Demographics for 07040, NJ
25,684
Population
8,981
Households
2.9
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
6,586
Density / Sq Mi
$167,428
Median Household Income
$72,475
Median Earnings
$2,184
Median Rent
$684,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown mixed-use property combines commercial suites with loft-style residential units near NJ Transit.
Where is this mixed-use property located?
The property is located at 97 Baker St 999 Maplewood, NJ.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Approximately 12,000 square feet across commercial and residential uses; Five commercial spaces totaling approximately 6,500 square feet; Three loft‑style residential units totaling approximately 5,500 square feet
