Mixed-Use Building with Loft
For Sale
$3,900,000
97 Baker St #999, Maplewood, NJ 07040
RB-zoned property combines multiple commercial spaces with loft-style residences near the Maplewood train station.
Property Size12,016 SF
Price / SF$324.57
Days on Market44
Property Features for 97 Baker St #999
General Information
Standard status
Active
Size
12,016 SF
Property subtype
Commercial
Zoning
RB
Net Operating Income
$221,793
Additional Details
Public Transit
Yes
Multifamily Units
3
Building Details
Building Size
12,016 SF
Year Built
1932
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Keller Williams Mid-Town Direct
Listed By:
Mark Slade · License #279499
(973) 762-5400
Source:
Cammarotarealestate
Added: Sep 10
Changed: Oct 22
Last Checked: Oct 22 at 2:29PM
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 Keller Williams Mid-Town Direct
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Investment Insights
Based on property information with market context.
At 97 Baker St in Maplewood, this 12,016-square-foot mixed-use property combines commercial space and residential lofts. The commercial portion totals 6,500 square feet across five separate spaces, while three loft-style residences account for approximately 5,500 square feet. The building dates to 1932 and is zoned RB.
The property is near the NJ Transit train station and downtown Maplewood’s restaurants, cafés, boutiques, and professional services. Memorial Park is also nearby.
The property is near the NJ Transit train station and downtown Maplewood’s restaurants, cafés, boutiques, and professional services. Memorial Park is also nearby.
Key Highlights
- 12,016 square feet of mixed‑use space
- 6,500 square feet of commercial space divided among five spaces
- Three loft‑style residential units totaling approximately 5,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,782
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,695,640
$3.7M
Cap Rate 7%
$2,639,743
$2.6M
Cap Rate 9%
$2,053,133
$2.1M
Market Conditions
NOI Build-Up for 12,016 SF
Gross rent
$360.5K $30.00/SF
− Vacancy
−$24.5K −$2.04/SF
EGI
$336.0K $27.96/SF
− OpEx
−$151.2K −$12.58/SF
NOI
$184.8K $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%
$3,695,640
Cap Rate 7%
$2,639,743
Cap Rate 9%
$2,053,133
Alternative Uses
Best Use
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,782 @ 7.0% cap · market cap 4.74%
Second Best
Retail
$2.45M
$2.14M – $2.86M
NOI $171,508 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,633 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - RB-zoned property combines multiple commercial spaces with loft-style residences near the Maplewood train station.
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: 12,016 square feet of mixed‑use space; 6,500 square feet of commercial space divided among five spaces; Three loft‑style residential units totaling approximately 5,500 square feet
