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    The Largest CRE Database in the US with Over 1 Million Listings

    1190 Pompton Ave Cedar Grove, NJ 07009

    View on Map
    Claim this Listing
    Pending
    $2,500,000

    Commercial - Cedar Grove Twp., NJ

    Property size:
    8,757 SF
    Lot size:
    1.17 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    153
    Last Refresh:
    Apr 20 at 10:06 am

    Property Features for 1190 Pompton Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial/RC
    Parking features
    Parking Lot
    Standard status
    Pending
    Size
    8,757 SF
    Lot size
    1.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    27863

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1997
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Roof type
    Flat, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    EFFTHIMIA DRIMONIS

    Listing agent EFFTHIMIA DRIMONIS

    Listing office RE/MAX SELECT 15 BLOOMFIELD AVENUE, Morristown, NJ

    Listing date Nov 18, 2025

    MLS# 3998295 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property on Pompton Avenue

    This expansive commercial property, situated on over an acre in Cedar Grove, offers significant visibility and versatility. The 8,757 sq ft building includes over 7,000 square feet of ground-level retail space, which can function as a large showroom or be divided into smaller storefronts to accommodate multiple tenants. Attached to the main retail area is a 1,500 sq ft shop with a drive-in door, suitable for service businesses or supplemental storage or production space. A second-floor office suite of approximately 1,500 sq ft provides a functional workspace for administrative needs and management offices. The property features two levels of dedicated parking. In the rear, there are two Quonset huts, each offering 1,000 sq ft of additional storage, along with a 10' x 40' container, maximizing storage capabilities. Located on Pompton Avenue/Route 23, the site offers exposure, accessibility, and proximity to major highways, making it suitable for various business uses. The property is located in Essex County. The lot size is 1.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • R. Ulrich and Son Waterproofing — 12 cole rd, cedar grove, nj 07009
    • At Home — 77 Willowbrook Blvd Suite 81, Wayne, NJ 07470
    • Floor & Decor — 77 Willowbrook Blvd, Wayne, NJ 07470

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2380055
    Latitude
    40.8727937

    Nearby Similar for Sale

    • $1,200,000
      1,500 SF

      Mixed-Use Property on Pompton Avenue

      Highly visible mixed-use property with commercial and residential spaces.
      857 Pompton Ave, Cedar Grove Twp., NJ 07009-1225
      View Details
    • $2,500,000
      8,757 SF

      Versatile Commercial Property on Pompton Avenue

      Expansive commercial property with retail, office, and storage space.
      1190 Pompton Ave, Cedar Grove Twp., NJ 07009
      View Details
    • $1,180,000
      5,158 SF

      Retail Property with Basement

      Retail property featuring a basement and parking.
      509 Pompton Ave, Cedar Grove Twp., NJ 07009
      View Details
    • $550,000
      16,000 SF

      Medical Office Space Available

      Two medical units totaling 3,270 SF in Cedar Grove.
      1425 Pompton Ave, Cedar Grove Twp., NJ 07009
      View Details
    • Contact for pricing
      2,400 SF

      Freestanding Retail/Office Building For Sale

      2,400 SF freestanding retail or office building available for purchase.
      602-604 Pompton Ave, Cedar Grove, NJ 07009
      View Details

    FAQs

    What type of property is this?
    Showroom - Expansive commercial property with retail, shop, office, and storage.
    Where is this showroom located?
    The property is located at 1190 Pompton Ave Cedar Grove, NJ.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: High visibility location on Pompton Avenue/Route 23 with easy access.; Large 8,757 sq ft building with flexible retail space.; Over an acre of land with ample parking and additional storage.
    (908) 233-9292
    We can help!
    Listing Contact
    EFFTHIMIA DRIMONIS
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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