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Property profile & analytics

108 Baker St Maplewood, NJ 07040-2531

  • Commercial real estate
  • 2,502 SF
  • 0.21 lot acres
OFF-MARKET
Last Sale
Sep 19, 2024
$865,000
Value Estimations
$845,000
Show details
Cap Rate Potential
4%
Commercial real estate
Location Intelligence
Property ID
US59-0082824
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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
    Market price range: $450k - $1.11M
    AI Estimate
    $523,000
    Market price range: $215k - $524k

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,071
$400,000
$475,700
$875,700
-
$400,000
$475,700
$875,700
More about this property
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