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312-314 Front St 6,000 SF 100% Leased Office Building Belvidere, NJ 07823 $930,033 CAD ($155.01 CAD/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 - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,763
|
$16.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,763
|
$16.63
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,638
|
$4.11
|
| Net Operating Income |
$75,124
|
$12.52
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,763 |
| Annual Per SF | $16.63 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,763 |
| Annual Per SF | $16.63 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,638 |
| Annual Per SF | $4.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,124 |
| Annual Per SF | $12.52 |
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
$930,033 CAD
Price Per SF
$155.01 CAD
Cap Rate
8%
NOI
$74,403 CAD
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 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-00016-0000-00007 | Improvements Assessment | $306,815 CAD (2025) |
| Land Assessment | $136,971 CAD (2025) | Total Assessment | $443,786 CAD (2025) |
Property Taxes
Parcel Number
03-00016-0000-00007
Land Assessment
$136,971 CAD (2025)
Improvements Assessment
$306,815 CAD (2025)
Total Assessment
$443,786 CAD (2025)
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312-314 Front St
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