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Property profile & analytics
OFF-MARKET Estimated value $595,000
Commercial real estate

366 Main St West Orange, NJ 07052-5792

3,058 SF 0.16 ac lot Built 1940
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-3047588
Property summary
AI-generated overview

This exceptional 2,835 square foot commercial building in West Orange, NJ, presents a unique investment opportunity. Completely renovated in 2023, this three-story property, built in 1940, offers four units ideal for a variety of professional uses, including creative, executive, and medical offices. The building is currently vacant and ready for immediate occupancy, allowing for customization to suit your specific needs. The property sits on a 0.16-acre lot and includes five parking spaces, offering both on-site and convenient street parking. Each unit features separate utilities, with two units boasting upgraded central HVAC systems. Unit sizes range from approximately 367 square feet to 831 square feet, with estimated rental income potential ranging from $800 to $2,400 per month. The property is zoned B2, permitting a wide range of uses including retail stores, personal service studios, office buildings, vocational schools, and restaurants and bars. Its prime location near shops, train stations, and major highways ensures excellent accessibility for tenants and clients. This is an exceptional opportunity to acquire a fully renovated, multi-tenant commercial building in a thriving New Jersey community. The asking price is $600,000, and the lease type is gross.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction FRAME
Total area 3,058 SF
Lot 0.16 ac (6,787 SF)
Zoning code B-2
APN 22 00113- 03-00014
UPID US59-3047588
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
$650k
Comparable Approach Comparable
$656k
Blend (final) Blend
$595k
Owner & transaction history
Marcelo Ortega · 1 yrs held
Marcelo Ortega
since 2025
Last sale
$426,569
5 recorded transactions
2026
Price N/A
2025
$550,000
2023
$426,569
2022
$450,000
1969
Price N/A
Zoning & alternative use
B-2 · West Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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