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Property profile

545 Island Rd Ramsey, NJ 07446

OFF-MARKET
Office Spaces
View Sample
Built 1975

Property summary

AI-generated overview

This exceptional 1,323-square-foot Class A office space is ideally located at 545 Island Road, Ramsey, NJ 07446, at the intersection of Island Road and Route 17. Situated on the second floor of a three-story building constructed in 1975 and extensively renovated in 2024, this single-tenant office boasts a private double-door entry leading to a welcoming reception area. The layout includes four private offices (two easily adaptable as conference rooms), a convenient kitchenette, and ample storage space. Recent renovations encompass fresh paint throughout, energy-efficient LED lighting, new ceiling tiles, and new carpeting. Common areas have also received a fresh coat of paint and new tile. The building offers 118 parking spaces, outdoor picnic tables, and prominent signage both at the building entrance and by the elevator. The unit is served by a newly installed elevator. Utilities are tenant-responsible, while rent is net and includes taxes and CAM charges. A cost-sharing agreement is in place for electricity and building repairs (tenant responsible for the first $200 of any repair costs). The property is zoned Commercial/Commercial.

Property profile

Verified
Property type Office Spaces
Year built 1975

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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