Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    555 Main St Chester, NJ 07930

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    555 Main St Chester, NJ 07930

    View on Map
    • Office properties & Spaces
    • 3,850 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oliver Sprinkler Co Inc / General Contractor / Construction Company
    • ICAD Services, Inc / Construction Company
    • Jean Georgiou Lpc / Counselor
    • Complete Property Management / Property Management Company
    • TABB Inc. / Law Firm / Security Service

    Property Details for 555 Main St

    Property size
    3,850 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional 3,850 square foot creative office space is ideally situated at 555 Main Street in Chester, New Jersey, zip code 07930. Located in Morris County, this Class B, two-story building presents a unique opportunity for a single tenant or a multi-tenant shared suite configuration. Currently vacant, the property is available for occupancy in September or October. The asking price is $530,000, translating to a price per square foot of $137.66. The building is part of a condo association and is zoned for office use. The property features a single building with ample space for a variety of office uses. Its convenient location in Chester, NJ makes it an attractive option for businesses seeking a well-maintained and versatile workspace. The previous owner occupied the space and is relocating due to business growth. This presents a rare chance to acquire a move-in ready office space in a desirable location. Serious inquiries are encouraged to explore this promising investment opportunity. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6801
    Latitude
    40.7877

    Comparable in this City

    • Value Estimation by Request

      415 State Rte 24

      CONDOMINIUM OFFICES
      415 State Rte 24, Chester, NJ 07930-2920
      View Details
    • Value Estimation by Request

      385 State Rte 24

      CONDOMINIUM OFFICES
      385 State Rte 24, Chester, NJ 07930-2918
      View Details
    • Value Estimation by Request

      385 State Rte 24

      CONDOMINIUM OFFICES
      385 State Rte 24, Chester, NJ 07930-2918
      View Details
    • Value Estimation by Request

      385 State Rte 24

      CONDOMINIUM OFFICES
      385 State Rte 24, Chester, NJ 07930-2918
      View Details
    • Value Estimation by Request

      385 State Rte 24

      CONDOMINIUM OFFICES
      385 State Rte 24, Chester, NJ 07930-2918
      View Details
    • Value Estimation by Request

      385 State Rte 24

      CONDOMINIUM OFFICES
      385 State Rte 24, Chester, NJ 07930-2918
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Fully Leased Office Suites

      Prime investment opportunity in Chester, NJ with steady tenant base.
      310 State Route 24, Chester, NJ 07930
      View Details
    • $349,900
      8,000 SF

      Corner Office Condo For Sale

      High visibility office condo with conference area and private offices.
      2 North Rd, Chester, NJ 07930
      View Details
    • $349,900
      Pending

      Corner Office Condo For Sale

      High visibility office condo with conference area, kitchenette, and parking.
      2 North Rd, Chester, NJ 07930
      View Details
    • Contact for pricing

      Fully Leased Office Suites

      3,000 SF fully leased office suites in Chester, NJ.
      310 State Route 24, Chester, NJ 07930
      View Details
    • Contact for pricing

      Storefront in Desirable Chester

      First-floor storefront suitable for art studio, office, retail.
      28 Main St, Chester, NJ 07930
      View Details
    • Contact for pricing

      Leased Office Suites on Route 24

      Fully leased office suites in Chester, Morris County.
      310 State Route 24, Chester, NJ 07930
      View Details

    Similar Nearby for Lease

    • $1,095 /Mo
      26,136 SF

      Commercial Space in Chester Boro

      First-floor storefront suitable for art studio, office, retail, and more.
      28 Main St, Chester, NJ 07930
      View Details
    • $24 SF/Yr

      Office Building in Historic Chester

      Office spaces available for lease in a three-story building.
      4 Mill Ridge Ln, Chester, NJ 07930
      View Details
    • $2,150 /Mo

      Chester Office Space Available Now

      Office space in Chester Woods Professional Park available for rent.
      385 State Route 24, Chester, NJ 07930
      View Details
    • Contact for pricing

      Office Suites Available For Rent

      Office suites for lease at $18 PSF plus CAM.
      31 Fairmount Ave, Chester, NJ 07930
      View Details
    • $2,200 /Mo

      Office Space in Chester Boro

      2,200 sq. ft. office space in a high-visibility complex.
      95 W Main St, Chester, NJ 07930
      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.
    555 Main St
    Chester, NJ 07930
    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

    555 Main St, Chester, NJ, 07930

    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!