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South Orange Village Professional Bldg 71 Valley St 15,000 SF 94% Leased Office Building South Orange, NJ 07079 $1,995,000 ($133/SF) 6.55% Cap Rate
Executive Summary
Wonderful paying tenants, who pay their percentage portion of utilities.
Building has recently been retrofitted with all LED lights, and brand new electrical panels.
Building is almost fully occupied, other than a small 700 SF space, which is beautifully renovated and ready for occupancy.
Tax appeal is pending as well.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Office / Retail space available in a great location. Two blocks from South Orange train station with direct access to NYC. Approximately 700 sq.ft of space on the second floor. Elevator in the building. Garage parking on lower level of the building and public parking lot directly behind the building. Multiple units available in the building if additional space is needed.
Office / Retail space available in a great location. Two blocks from South Orange train station with direct access to NYC. Approximately 1215 sq.ft of space on the second floor. Elevator in the building. Garage parking on lower level of the building and public parking lot directly behind the building. Multiple units available in the building if additional space is needed.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 650 SF | Office | Shell Space | Now |
| 2nd Fl-Ste 200 | 1,215 SF | Office | Partial Build-Out | Now |
2nd Floor
| Size |
| 650 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 1,215 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size | 650 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | Now |
Office / Retail space available in a great location. Two blocks from South Orange train station with direct access to NYC. Approximately 700 sq.ft of space on the second floor. Elevator in the building. Garage parking on lower level of the building and public parking lot directly behind the building. Multiple units available in the building if additional space is needed.
2nd Fl-Ste 200
| Size | 1,215 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Office / Retail space available in a great location. Two blocks from South Orange train station with direct access to NYC. Approximately 1215 sq.ft of space on the second floor. Elevator in the building. Garage parking on lower level of the building and public parking lot directly behind the building. Multiple units available in the building if additional space is needed.
Property Taxes
| Parcel Number | 19-01906-0000-00010 | Total Assessment | $2,719,800 (2026) |
| Land Assessment | $487,200 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,232,600 (2026) | Tax Year | 2025 |
Property Taxes
Presented by
South Orange Village Professional Bldg | 71 Valley St
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