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Property profile & analytics
OFF-MARKET
Commercial real estate

248 Lorraine Suite 10 Montclair, NJ 07043

Built 1930
Property ID
Property summary
AI-generated overview

This exceptional office suite, located at 248 Lorraine Suite 10 Unit 310 in the vibrant Upper Montclair Center of Montclair, New Jersey, offers a fantastic opportunity for a small business or individual professional. The suite measures 10' x 12' and is available for $650 per month. This attractive rental price includes all utilities, a significant advantage for tenants. The building itself is a landmark in the area, conveniently situated near NYC-bound buses offering midtown direct service, as well as NJ Transit buses, ensuring easy commuting. Landlord responsibilities include sewer and snow removal, minimizing tenant concerns. Modern conveniences such as internet and fiber optic access are readily available. Tenant insurance is required. The building features an elevator for convenient access. For businesses requiring more space, a second office on the third floor is also available for rent (see MLS#3929172) and could be combined with this suite. Adding to the convenience, two municipal parking lots are located nearby. This is an ideal location for businesses seeking a well-connected, amenity-rich, and cost-effective office space in a desirable Montclair setting.

Property profile
Verified
Property type Commercial real estate
Year built 1930
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Lauren Rogers-Sirin Psychotherapist
  • Own The Room Business Service Center
  • Albert Rodriguez,CPA Consultant
  • Timothy K. Giordano, Esq. Law Firm
  • Tag Online, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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