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    15 Valley St South Orange, NJ 07079

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    15 Valley St South Orange, NJ 07079


    • Commercial real estate
    • 15,760 SF
    • 0.17 lot acres
    South Orange Lower-Level Commercial Suite For Lease
    $8,279/Mo
    3,425 SF

    South Orange Lower-Level Commercial Suite

    Versatile 3,425 SF suite in downtown South Orange.

    15 Valley St, South Orange, NJ 7079
    View Listing
    Property ID
    US59-1082591
    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.

    Value Estimations
    $2,300,000
    Cap Rate Potential
    9.1%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Retail Therapy / Clothing & Fashion Store
    • Professional Christmas Lights Installation / Home Decor Store / Party Supply Store
    • Frieman William W / Law Firm
    • MYT3 / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 15 Valley St

    Construction
    BRICK
    Lot size
    0.17 lot acres
    Property size
    15,760 SF
    Zone code
    B-A1
    Property type
    Commercial real estate
    APN
    19 01908-0000-00011
    APU
    1901908000000011

    Description

    This exceptional office property at 15 Valley Street in South Orange, New Jersey, offers a diverse range of leasing opportunities. The building, a Class C property totaling 14,063 square feet, underwent renovations in 2019, blending traditional and creative office spaces. The building features fourteen individual suites, with a minimum divisible space of 247 square feet and a maximum contiguous space of 1,587 square feet. Currently, 1,834 square feet of space is available for lease. The building boasts a favorable floor area ratio (FAR) of 1.9, built in 1970 on a 0.17-acre lot. Its prime downtown location provides exceptional convenience, with easy access to the train station, a vibrant array of restaurants, and numerous shops. Ample public parking is conveniently located directly behind the building, ensuring convenient parking for tenants and their clients. This versatile property is ideal for businesses seeking a well-maintained, conveniently located office space in a thriving New Jersey community. The zip code is 07079. Inquire today to explore the available spaces and secure your ideal office solution.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,390,000
      ML approach
      $2,435,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,818,000
      Market price range: $1.27M - $3.65M

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


    Location Insight

    • Map
    • Local Demand
    City
    South Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2592
    Latitude
    40.7455
    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
    2022
    $78,908
    $452,200
    $1,797,800
    $2,250,000
    -
    $452,200
    $1,797,800
    $2,250,000
    View Listing
    More about this property
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