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97 Baker St 12,016 SF 100% Leased Retail Building Maplewood, NJ 07040 $3,900,000 ($324.57/SF) 5.69% Cap Rate
Investment Highlights
- Highly Desirable Location with Heavy Foot Traffic
- 100% Occupied
- Little to No Work Needed
Executive Summary
Prime mixed-use investment opportunity. Located in the heart of Maplewood Village, known for its strong community and heavy foot traffic. Ideal for investors, 1031 exchange, business owners wanting high visibility, or owner-occupants seeking multiple income streams while living in a luxury residence. Located steps away from Maplewood Train Station, boutiques, and popular restaurants. Building was fully renovated within the last 10 years.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$350,791
|
$55.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$350,791
|
$55.50
|
| Taxes |
$74,121
|
$11.73
|
| Operating Expenses |
$54,878
|
$8.68
|
| Total Expenses |
$128,999
|
$20.41
|
| Net Operating Income |
$221,792
|
$35.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $350,791 |
| Annual Per SF | $55.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $350,791 |
| Annual Per SF | $55.50 |
| Taxes | |
|---|---|
| Annual | $74,121 |
| Annual Per SF | $11.73 |
| Operating Expenses | |
|---|---|
| Annual | $54,878 |
| Annual Per SF | $8.68 |
| Total Expenses | |
|---|---|
| Annual | $128,999 |
| Annual Per SF | $20.41 |
| Net Operating Income | |
|---|---|
| Annual | $221,792 |
| Annual Per SF | $35.09 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
12,016 SF
Building Class
C
Year Built/Renovated
1932/2017
Price
$3,900,000
Price Per SF
$324.57
Cap Rate
5.69%
NOI
$221,793
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.25
Lot Size
0.22 AC
Zoning
RB
Parking
7 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
76’ on Baker St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Baker Street Yoga
- -
- -
- -
- -
- Greens Indoor Golf & Cafe
- -
- -
- -
- -
- Juice Hub
- -
- -
- -
- -
- Maplewood Cleaners
- -
- -
- -
- -
- Maplewood Karate
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Baker Street Yoga | - | - | - | - | ||
| Greens Indoor Golf & Cafe | - | - | - | - | ||
| Juice Hub | - | - | - | - | ||
| Maplewood Cleaners | - | - | - | - | ||
| Maplewood Karate | - | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-00012-04-00195 | Total Assessment | $2,935,500 (2026) |
| Land Assessment | $1,000,000 (2026) | Annual Taxes | $74,121 ($6.17/SF) |
| Improvements Assessment | $1,935,500 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
11-00012-04-00195
Land Assessment
$1,000,000 (2026)
Improvements Assessment
$1,935,500 (2026)
Total Assessment
$2,935,500 (2026)
Annual Taxes
$74,121 ($6.17/SF)
Tax Year
2025
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