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    57 Washington St East Orange, NJ 07017
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    57 Washington St, East Orange, NJ 07017

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    • Office buildings
    • 3,076 SF
    For Sale
    $1,300,000
    View Listing →
    East Orange Commercial Property For Sale For Sale
    $1,300,000
    4,100 SF

    East Orange Commercial Property For Sale

    Commercial property in revitalizing neighborhood, ideal for retail or office.

    57 Washington St, East Orange City, East Orange, NJ 7017
    View Listing
    Property ID
    US59-1740194
    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
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Love & Randall / Law Firm / Insurance Agency
    • Hasan Rashidah / Law Firm

    Property Details for 57 Washington St

    Property type
    Office buildings
    APN
    05 00804-0000-00009
    APU
    500804000000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $937,000
      Market price range: $419k - $937k
      AI Estimate
      $1,033,000
      Market price range: $300k - $1.03M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $645,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2194
    Latitude
    40.7713
    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
    $14,728
    $238,800
    $268,000
    $506,800
    -
    $238,800
    $268,000
    $506,800

    Comparable in this City

    • Value Estimation
      $19,085,000
      83,616 SF

      7 Glenwood Ave

      OFFICE BUILDING
      7 Glenwood Ave, East Orange, NJ 07017-1055
      View Details
    • Value Estimation by Request
      1,590 SF

      276 Prospect St, Unit 1CD

      OFFICE BUILDING
      276 Prospect St, East Orange, NJ 07017-2889
      View Details
    • Value Estimation by Request
      1,953 SF

      123 Hoffman Blvd

      OFFICE BUILDING
      123 Hoffman Blvd, East Orange, NJ 07017-5420
      View Details
    • Value Estimation
      $910,000
      3,840 SF

      520 William St

      OFFICE BUILDING
      520 William St, East Orange, NJ 07017-2215
      View Details
    • Value Estimation
      $1,045,000
      3,762 SF

      498 William St

      OFFICE BUILDING
      498 William St, East Orange, NJ 07017-2214
      View Details
    • Value Estimation
      $1,670,000
      11,671 SF

      49 Lincoln St, Unit 51

      OFFICE BUILDING
      49 Lincoln St, East Orange, NJ 07017-2304
      View Details

    Similar Nearby for Sale

    • $799,000
      Pending

      East Orange Office Building

      Large property suitable for office or residential conversion.
      63 Washington St, East Orange, NJ 07017
      View Details
    • Contact for pricing

      Renovated Mixed-Use Property Near Bloomfield

      Renovated mixed-use property with residential and commercial potential.
      94 Dodd St, East Orange, NJ 07017
      View Details
    • Contact for pricing
      4,100 SF

      East Orange Commercial Property For Sale

      Commercial property in revitalizing neighborhood, ideal for retail or office.
      57 Washington St, East Orange, NJ 07017
      View Details
    • $1,300,000
      4,100 SF

      East Orange Mixed-Use Opportunity

      Commercial property in revitalizing neighborhood, ideal for diverse businesses.
      57 Washington St, East Orange, NJ 07017
      View Details
    • $675,000

      Renovated Mixed-Use Property Opportunity

      Renovated mixed-use property near Bloomfield border with investment potential.
      94 Dodd St, East Orange, NJ 07017
      View Details
    • Contact for pricing

      Income-Producing Mixed-Use Commercial Property

      Mixed-use commercial property with fully leased units in high-traffic area.
      119 Ampere Pkwy, East Orange, NJ 07017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,650 SF

      East Orange Retail/Office Space

      Available space suitable for retail, office, or restaurant use.
      190 N Park St, East Orange, NJ 07017
      View Details
    • $3,000 /Mo

      East Orange Office Space Available

      Office space for rent in East Orange, New Jersey.
      220 S Harrison St, East Orange, NJ 07017
      View Details
    • $1,800 /Mo

      East Orange Apartment for Rent

      Spacious 1-bedroom apartment near transit and amenities.
      112 Lincoln St, East Orange, NJ 07017
      View Details
    View Listing
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    East Orange, NJ 07017
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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