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Property profile & analytics
OFF-MARKET Estimated value $5,005,000
Commercial real estate

271 Grv Ave Verona, NJ 07044-1730

25,004 SF 3.58 ac lot Built 1999
Individually Owned Absentee Owner Free & Clear
Property ID
US59-1944162
Property summary
AI-generated overview

This exceptional 2,000-square-foot office space at 271 Grove Avenue, Building G, in Verona, New Jersey (zip code 07044), presents a unique opportunity for businesses seeking a versatile and well-appointed workspace. The property is a single-tenant building, offering complete privacy and control. The layout is designed for optimal functionality, incorporating a blend of private and open areas. Two private offices provide dedicated space for individual work or meetings, while a spacious open workspace encourages collaboration and team interaction. A welcoming reception area creates a professional first impression for clients and visitors. Convenience is further enhanced by an included kitchenette, perfect for preparing refreshments, and a private bathroom for added comfort and privacy. Seven parking spots are conveniently located with the building, eliminating the hassle of finding parking in a busy area. This property is ideally suited for a variety of office uses, including traditional office settings, coworking spaces, executive offices, or creative office environments. The building's location in Verona, New Jersey offers easy access to major transportation routes and local amenities. This is a rare opportunity to secure a fully vacant, move-in ready office space in a desirable location. The open layout allows for customization to perfectly suit your business needs. Don't miss this chance to establish your business in this exceptional Verona property.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 25,004 SF
Lot 3.58 ac (155,945 SF)
Zoning code M1
APN 20 01201-0000-00011
UPID US59-1944162
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
  • The Compound Fitness Studio Gym & Fitness Center
  • Manish V. Bhalodia, MD, FACC Physician
  • Gorman Robert T MD Pediatrician Physician
  • m+p international inc. (Bike/Boat/Book/etc) Store Corporate Office
  • Mazzella Carmine A DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.31M
Comparable Approach Comparable
$4.29M
Blend (final) Blend
$5.01M
Owner & transaction history
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
M1 · Verona, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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