7 Hoffman Blvd East Orange, NJ 07017
Property profile & analytics
7 Hoffman Blvd East Orange, NJ 07017
- Industrial properties
- 8,328 SF
- 0.28 lot acres
Property ID
US59-0987874
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.
Location Intelligence
Current Use by Public Records
- Vasco Welding / General Contractor
Property Details for 7 Hoffman Blvd
- Year built
- 1943
- Lot size
- 0.28 lot acres
- Property size
- 8,328 SF
- Property type
- Industrial properties
- APN
- 05 00096-0000-00002
- APU
- 500096000000002
Description
This exceptional East Orange, NJ industrial property presents a compelling investment opportunity. Encompassing two buildings on a sizable 18,400 square foot lot, this multi-tenant property boasts a total of 19,815 net rentable square feet, currently 100% occupied by three tenants under a NNN lease structure. The property features 18-foot ceilings, two loading docks, and is zoned for commercial use. With two stories and two units, the asking price is $3,999,999, translating to $201.87 per square foot and $1,500,000 per unit. The current cap rate stands at 8.16%, while the pro-forma cap rate projects to 5.10%, indicating significant value-add potential. The property's strategic location in East Orange offers easy access to major New Jersey highways, making it ideal for both owner-operators and investors seeking a strong return. A pro-forma NOI of $204,000 further underscores the property's financial strength. This is a rare opportunity to acquire a value-add industrial property with substantial upside potential in a prime location. The existing structure provides a solid foundation for future expansion and increased profitability.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,590,000
- 6.5%
- $1,470,000
- 7%
- $1,365,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $736,000
Market price range: $347k - $1.47M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,750,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1945
- Latitude
- 40.7676
- 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
2023
$21,118
$196,800
$469,800
$666,600
-
$196,800
$469,800
$666,600
