108 Baker St Maplewood, NJ 07040-2531
- Commercial real estate
- 2,502 SF
- 0.21 lot acres
Sep 19, 2024
Current Use by Public Records
- Pusin & Sklar / Attorney
- Madelyn Petrow-Cohen / Counselor
- College with Confidence and Beyond / College
- College with Confidence / Medical Clinic
- Romy A. Nesin, PhD / Psychologist
Property Details for 108 Baker St
- Year built
- 1912
- Construction
- FRAME
- Lot size
- 0.21 lot acres
- Property size
- 2,502 SF
- Zone code
- R1-5
- Property type
- Commercial real estate
- APN
- 11 00012- 06-00236
- APU
- 11000120600236
Description
This exceptional 400-square-foot office space is ideally situated in the heart of Maplewood, NJ, at 108 Baker Street, Unit 101. Boasting a highly desirable in-town location, this first-floor unit offers unparalleled convenience and accessibility. The space features a modern glass entry door and is thoughtfully divided into two distinct areas by a glass partition with a door, providing flexibility for various business needs. This layout is perfect for a shared workspace or an office with a dedicated reception or waiting area. The property includes two designated private parking spaces, a significant advantage in this vibrant town. Recent building improvements enhance the property's appeal, including newer windows, updated siding, and a newly paved blacktop parking lot. All office tenants enjoy the convenience of a shared kitchen area and access to three powder room bathrooms. Utilities are separately metered for each unit, ensuring cost transparency. While conveniently located near the bustling Maplewood Village, this office space benefits from a quieter, more discreet setting, offering a productive and peaceful work environment. The 0.21-acre lot provides ample space for parking and building amenities. This is a truly exceptional opportunity for businesses seeking a well-appointed and conveniently located office space in Maplewood.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $865,000
- ML approach
- $865,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $565,000
- 6.5%
- $520,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,107,000
- AI Estimate
- $523,000
Market price range: $450k - $1.11MMarket price range: $215k - $524k
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Location Insight
- Map
- Local Demand
- City
- Maplewood
- County
- Essex
- State
- New Jersey
- Longitude
- -74.28
- Latitude
- 40.7304
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA