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Butler Professional Building 1375 Rt 23 7,914 SF 100% Leased Office Building Butler, NJ 07405 $1,250,000 ($157.95/SF) 5.50% Cap Rate
Executive Summary
A highly visible and accessible office building located in the heart of Butler. 7,914SF with ample on-site parking. Long time tenants with stable incomes. Convenient access to major highways, public transportation, shopping, dining, and local amenities.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
7,914 SF
Building Class
C
Year Built
1975
Price
$1,250,000
Price Per SF
$157.95
Cap Rate
5.50%
NOI
$68,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,957 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
0.54 AC
Zoning
HC, Butler Boro
Parking
35 Spaces (4.42 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-00067-0000-00005 | Improvements Assessment | $902,600 (2025) |
| Land Assessment | $298,700 (2025) | Total Assessment | $1,201,300 (2025) |
Property Taxes
Parcel Number
03-00067-0000-00005
Land Assessment
$298,700 (2025)
Improvements Assessment
$902,600 (2025)
Total Assessment
$1,201,300 (2025)
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Butler Professional Building | 1375 Rt 23
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