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Property profile & analytics
FOR LEASE
Office buildings

576 Central Ave East Orange, NJ 07018

48,166 SF 0.62 ac lot Built 1928
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US59-0148749
Property summary
AI-generated overview

This East Orange, NJ property at 576 Central Ave, located in Essex County, offers a diverse range of flexible office solutions. The space caters to various business needs, from individual entrepreneurs to large corporations. Options include traditional private offices, fully furnished and equipped to suit individual requirements, ranging from single-person setups to large-scale corporate spaces. Customizable office spaces are available, along with disaster recovery options and day offices, providing adaptable solutions for diverse operational needs. Furthermore, coworking spaces offer a collaborative environment, with both dedicated desks and hot-desking options. Meeting rooms are available for various needs, from informal chats to formal presentations and conferences, accommodating short-term or long-term bookings. A virtual office option provides a prestigious business address with mail handling and virtual assistant services, including lounge access and occasional office space usage. Flexible working plans offer access to a global network of workspaces, providing options for access to private offices or coworking spaces on a flexible day-to-day or monthly basis. The property's location in East Orange, NJ, offers convenient access to local amenities and transportation. The available space configurations range from small to large, accommodating businesses of all sizes.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Total area 48,166 SF
Lot 0.62 ac (27,199 SF)
APN 05 00710-0000-00028
UPID US59-0148749
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
  • Franklin Kumar Physician
  • Rothfeld Samuel Law Firm
  • Marvel Book Publishers Publishing House Printing Service
  • Adorable Fashion Clothing Store
  • Michael J. Portera, MSTOM Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.72M
Blend (final) Blend
$7.36M
Owner & transaction history
Emes 576 Central Ave LLC · 7 yrs held
Emes 576 Central Ave LLC
since 2018
5 recorded transactions
2018
Price N/A
2006
$2.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $10.9M +7.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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