Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    325 Claremont Ave Montclair, NJ 07042
    Back to Search
    Property profile & analytics

    325 Claremont Ave, Montclair, NJ 07042

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

    Current Use by Public Records

    • The Center for Innovative GYN Care / Medical Clinic
    • The Darata Group / Real Estate Agency
    • Dr. Faraj E. Touchan, MD / Physician
    • Dr. Paul J. MacKoul, MD / Physician
    • Janice De Guzman / Physician

    Property Details for 325 Claremont Ave

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional 1,250 square foot office space at 325 Claremont Avenue, Essex County, presents a versatile opportunity for medical or general office use. The unit boasts three private offices, providing ample space for individual work or consultations. Convenient closet space ensures efficient organization. A welcoming and spacious waiting/reception area creates a professional first impression for clients. The fully equipped kitchenette features updated cabinets, granite countertops, and stainless steel appliances, adding a touch of modern convenience. Hardwood floors throughout maintain a sophisticated aesthetic, complemented by abundant natural light. Private parking is available in the rear lot, offering convenient access for staff and visitors. The suite shares the floor with one other office unit and includes two bathrooms for shared use. This multi-use space is ideal for a variety of businesses seeking a well-appointed and functional office environment in a desirable location. The building contains a total of six suites. Currently, 1,250 square feet are available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.222
    Latitude
    40.8213

    Comparable in this City

    • Value Estimation by Request

      427 Bloomfield Ave

      Office Units
      427 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      6,700 SF

      29 Park St

      Medical Office Space
      29 Park St, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      9,000 SF

      73 Park St

      Medical Office Space
      73 Park St, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      13,368 SF

      28 Valley Rd

      Office Units
      28 Valley Rd, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      5,000 SF

      9 Park St

      Coworking space
      9 Park St, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      1,250 SF

      325 Claremont Ave

      Office Spaces
      325 Claremont Ave, Montclair, NJ 07042
      View Details

    Similar Nearby for Sale

    • New
      $4,200,000
      99 SF

      Montclair Multifamily Investment Opportunity

      Renovated multifamily portfolio near Bay Street Train Station.
      73 Glenridge Ave, Montclair, NJ 07042
      View Details
    • $249,000
      4,904 SF

      Montclair Office Condo Near Transit

      Professional office condo unit near train and hospital.
      41 Glenridge Ave, Montclair, NJ 07042
      View Details
    • New
      Contact for pricing
      0.24 Acres

      Montclair Commercial Space For Sale

      1,600 SF commercial space with exposed brick and natural light.
      348 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing
      4,800 SF

      Montclair Mixed-Use Property For Sale

      Mixed-use 3-story building with retail, office, and apartments.
      15 Midland Ave, Montclair, NJ 07042
      View Details
    • $249,000
      4,904 SF

      Montclair Commercial Condo Near Train

      Commercial condo unit near train station, suitable for retail/office.
      41 Glenridge Ave, Montclair, NJ 07042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Montclair Office Space Available

      Bright, renovated office in historic building near Lackawanna Plaza.
      292 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing

      Restored Victorian Office Space

      Restored Victorian office space in the heart of Montclair.
      96 Park St, Montclair, NJ 07042
      View Details
    • $2,650 /Mo

      Montclair Office Space For Rent

      Office space available in downtown Montclair.
      26 Park St, Montclair, NJ 07042
      View Details
    • $2,650 /Mo
      16,988 SF

      Montclair Office Penthouse Suite

      Top-floor office suite in downtown Montclair with utilities included.
      26 Park St, Montclair, NJ 07042
      View Details
    • $1,995 /Mo

      Renovated Office Space in Montclair

      Recently renovated office space in downtown Montclair with private entrance.
      17 Midland Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing

      Move-in Ready Montclair Office Suite

      Bright, professional office suite in prime Montclair location.
      26 Park St, Montclair, NJ 07042
      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.
    325 Claremont Ave
    Montclair, NJ 07042
    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
    325 Claremont Ave, Montclair, NJ, 07042
    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!