Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1030 Park Ave Plainfield, NJ 07060
    Back to Search
    Property profile & analytics

    1030 Park Ave, Plainfield, NJ 07060

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1030 Park Ave

    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 1030 Park Avenue #7B in Plainfield, New Jersey, presents a unique investment opportunity. The 1200 square foot space is ideally suited for office or professional services, and is currently set up as a dental practice, complete with existing fixtures. The sale includes the entire turnkey operation, offering a seamless transition for a new owner. Situated in Union County, this single-story condo boasts a convenient location within the 07060 zip code. The property itself sits on a 0.861 square foot lot. While the building's year of construction is unavailable, the property offers a prime opportunity for immediate occupancy and revenue generation. The asking price is $325,000, and the property is classified as both commercial and executive office space. This is an excellent chance to acquire a well-established business or create a new professional space in a thriving New Jersey community. The property's location offers easy access to major transportation routes and local amenities. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.41
    Latitude
    40.6101

    Comparable in this City

    • Value Estimation by Request

      515 Central Ave

      Land
      515 Central Ave, Plainfield, NJ 07060
      View Details
    • Value Estimation
      $1,085,000
      13,038 SF

      1010 Park Ave Ste, Unit 1

      CONDOMINIUM OFFICES
      1010 Park Ave Ste, Plainfield, NJ 07060-3014
      View Details
    • Value Estimation by Request
      0.76 Acres

      1314 Park Ave Ste, Unit 4

      CONDOMINIUM OFFICES
      1314 Park Ave Ste, Plainfield, NJ 07060-3253
      View Details
    • Value Estimation
      $1,070,000
      679 SF

      1010 Park Ave, Unit 18

      CONDOMINIUM OFFICES
      1010 Park Ave, Plainfield, NJ 07060-3024
      View Details
    • Value Estimation by Request
      814 SF

      1020 Park Ave, Unit 6C

      CONDOMINIUM OFFICES
      1020 Park Ave, Plainfield, NJ 07060-3005
      View Details
    • Value Estimation by Request
      0.86 Acres

      1020 Park Ave, Unit 7B

      CONDOMINIUM OFFICES
      1020 Park Ave, Plainfield, NJ 07060-3005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Plainfield Office Space For Sale

      1200 sq ft office space suitable for professional services.
      1030 Park Ave, Plainfield, NJ 07060
      View Details
    • Contact for pricing
      8,200 SF

      North Plainfield Office Building

      8,200 SF office building with high visibility and parking.
      190 Greenbrook Rd, North Plainfield, NJ 07060
      View Details
    • New
      $2,500,000
      25,000 SF

      Nursery Greenhouse and Warehouse

      For-sale nursery and greenhouse operation with multiple large greenhouses, warehouse, and on-site cold storage for plant processing and sales.
      191 Greenbrook Rd, Plainfield, NJ 07060
      View Details
    • $299,000

      Buildable Lot in Millionaires' Row

      Prime lot in Plainfield's prestigious Millionaires' Row.
      413 W 8Th St, Plainfield, NJ 07060
      View Details
    • $1,500,000
      1.02 Acres

      Plainfield Development Opportunity: Approved Plans

      Ready-to-build site with approved plans for 16 residential units.
      234 E 9Th St, Plainfield, NJ 07060
      View Details
    • $4,400,000
      0.95 Acres

      Development Site in Plainfield City

      Large development site near NYC train with income potential.
      500 Arlington Ave, Plainfield, NJ 07060
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warren Township Office Space Available

      Office units available for rent in Warren Corporate Center Drive.
      300 Warren Corporate Ctr Dr, Plainfield, NJ 07060
      View Details
    • Contact for pricing

      Renovated Office Spaces Available

      Newly renovated office building with flexible rental options.
      339 Somerset St, North Plainfield, NJ 07060
      View Details
    • Contact for pricing
      3,176 SF

      Retail/Office Space with Highway Exposure

      Retail or office space with high traffic and permitted uses.
      1292 Us Highway 22, North Plainfield, NJ 07060
      View Details
    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.
    1030 Park Ave
    Plainfield, NJ 07060
    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
    1030 Park Ave, Plainfield, NJ, 07060
    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!