312-314 Front St
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312-314 Front St
6,000 SF 100% Leased Office Building Belvidere, NJ 07823 $679,000 ($113/SF) 8% Cap Rate
Investment Highlights
- Just renewed a 5 year lease with the State of New Jersey
- Elevator
- Near to the Court House
- Off street parking
Executive Summary
This well-maintained, two-story office building, equipped with an elevator, is home to Warren County offices. The property offers ample off-street parking located behind the building, ensuring convenience for both staff and visitors.
Situated in the center of town, just one block from the Warren County Courthouse, this property boasts a highly desirable location. With its excellent condition and prime positioning, it provides an ideal setting for professional offices looking to establish a presence in the core of the community.
Situated in the center of town, just one block from the Warren County Courthouse, this property boasts a highly desirable location. With its excellent condition and prime positioning, it provides an ideal setting for professional offices looking to establish a presence in the core of the community.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,835
|
$12.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,835
|
$12.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,988
|
$3.00
|
| Net Operating Income |
$54,847
|
$9.14
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $72,835 |
| Annual Per SF | $12.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,835 |
| Annual Per SF | $12.14 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,988 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | $54,847 |
| Annual Per SF | $9.14 |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Building Size
6,000 SF
Building Class
C
Year Built
2021
Price
$679,000
Price Per SF
$113
Cap Rate
8%
NOI
$54,320
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.75
Lot Size
0.18 AC
Zoning
B - Business
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- State of New Jersey
- -
- 5,500 SF
- -
- Jan 2021
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| State of New Jersey | - | 5,500 SF | - | Jan 2021 |
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PROPERTY TAXES
| Parcel Number | 03-00016-0000-00007 | Improvements Assessment | $224,000 (2024) |
| Land Assessment | $100,000 (2024) | Total Assessment | $324,000 (2024) |
PROPERTY TAXES
Parcel Number
03-00016-0000-00007
Land Assessment
$100,000 (2024)
Improvements Assessment
$224,000 (2024)
Total Assessment
$324,000 (2024)
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312-314 Front St
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