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Property profile & analytics
FOR SALE
Office buildings

82 Floral Ave New Providence, NJ 07974

4,216 SF Built 1977
Property ID
US59-1627461
Property summary
AI-generated overview

Presenting a rare opportunity to acquire a renovated, 3,800 SF trophy mixed-use property ideally positioned adjacent to NP train station. Formerly a bank building, this asset was completely reimagined in 2019 with a full-scale renovation, including an expansion of the existing footprint, modernized systems, and high-end finishes. This features an impressive, high-end entryway w/a spacious reception area, anchored by a large reception desk flanked by 4 well-proportioned private offices creating an immediate, professional first impression. A state-of-the-art conference room further enhances functionality, making the space ideal for client-facing businesses.Upper level offers 4 additional private offices along with a flexible administrative or bullpen-style workspace, allowing for efficient team operations and scalability. Fully finished lower level provides exceptional versatility, offering customizable space to suit a variety of use cases, complemented by a beautifully designed kitchen ideal for staff use or client hospitality .Zoned mixed-use, the property is well-suited for professional, medical, retail, or service-oriented users, as well as investors seeking a premier, turnkey asset in a highly desirable submarket.Strategically located in a transit-oriented setting, the property benefits from consistent foot traffic, strong visibility, seamless accessibility. 17 dedicated on-site parking spaces further enhances its appeal an increasingly rare amenity in this market.

Property profile
Verified
Property type Office buildings
Year built 1977
Total area 4,216 SF
UPID US59-1627461
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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