Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wallington Boro Land Opportunity Title is generated by Realmo AI

    121 Halstead Ave, Wallington, NJ 07057

    View on Map
    Claim this Listing
    For Sale
    $125,000

    Lots and Land - Wallington Boro, NJ

    Lot size:
    0.05 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    53
    Last Refresh:
    May 18 at 12:06 am

    Property Features for 121 Halstead Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1010

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MARCEL NOWAK

    Listing agent MARCEL NOWAK

    Listing office RE/MAX SELECT 20 WEST MAIN STREET, Morristown, NJ

    Listing date Mar 27, 2026

    MLS# 4017178 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.

    HighLights

    • Expansive driveway provides ample off‑street parking for multiple vehicles.
    • Spacious two‑car detached garage offers secure parking or significant storage.
    • Easy access to local amenities, major highways, and transportation.
    • Well‑positioned parcel of land in the heart of Wallington.
    • Long, paved asphalt driveway.
    • Opportunity to expand footprint.

    Overview

    This property presents a rare opportunity to own a well-positioned parcel of land in the heart of Wallington. It features a long, paved asphalt driveway that leads to a spacious two-car detached garage. The expansive driveway provides ample off-street parking for multiple vehicles, a rare find in this residential neighborhood. The garage conveys in as-is condition. Situated with easy access to local amenities, major highways, and transportation, this 0.05-acre lot presents a variety of possibilities for the savvy buyer or local homeowner looking to expand their footprint.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallington
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.11395
    Latitude
    40.85523

    Nearby Similar for Sale

    • $799,000

      Corner Lot Market with Equipment

      Well-maintained market with equipment, office, and storage.
      125 Wallington Ave, Wallington Boro, NJ 07057-1149
      View Details
    • $999,000
      2,793 SF

      Mixed-Use Property with Large Garage

      Mixed-use property featuring a standalone garage and easy NYC access.
      84 Locust Ave, Wallington Boro, NJ 07057-1323
      View Details
    • $974,000
      2,840 SF

      Side-by-Side Duplex with Income Potential

      Rare duplex with income potential, ideal for owner-occupants or investors.
      48 Main Ave, Wallington Boro, NJ 07057-1132
      View Details
    • $999,000

      Two-Family Home with Warehouse Garage

      Two-family home with business-zoned warehouse, ideal for investors.
      84 Locust Ave, Wallington Boro, NJ 07057-1323
      View Details
    • $650,000

      Well-Maintained Two-Family Home

      Updated two-family home, ideal for owners or investors.
      22 Tuttle St, Wallington Boro, NJ 07057-1419
      View Details
    • $250,000
      4,000 SF

      Established Dry Cleaning Business Opportunity

      Profitable dry cleaning business for sale in high-traffic location.
      351 Main, Wallington, NJ 07057
      View Details
    • $500,000
      4,500 SF

      Mixed-Use Property in Wallington, NJ

      Versatile property with bar, apartment, and development potential.
      77 Maple Ave, Wallington Boro, NJ 07057-1137
      View Details
    • $125,000

      Profitable Convenience Store Opportunity

      Established convenience store for sale in a high-traffic location.
      13 Locust, Wallington, NJ 07057
      View Details
    • $1,200,000

      Mixed-Use Commercial Property For Sale

      Mixed-use property with commercial space and residential apartments in Wallington.
      15 Wallington Avenue, Wallington, NJ 07057
      View Details
    • $999,000
      2,793 SF

      Mixed-Use Property with Large Garage

      Mixed-use property featuring a large garage and two residential units.
      84 Locust Ave, Wallington Boro, NJ 07057
      View Details
    • $500,000
      4,500 SF

      Mixed-Use Property in Wallington, NJ

      Versatile property with bar, apartment, and development potential.
      77 Maple Ave, Wallington Boro, NJ 07057
      View Details
    • $394,000

      Restaurant Building For Sale

      Tenant-occupied building in prime location near Wallington High School.
      210 Main, Wallington, NJ 07057
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Well-positioned land parcel with two-car garage and ample parking.
    Where is this residential land & home lot located?
    The property is located at 121 Halstead Ave Wallington, NJ.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Expansive driveway provides ample off‑street parking for multiple vehicles.; Spacious two‑car detached garage offers secure parking or significant storage.; Easy access to local amenities, major highways, and transportation.
    (973) 625-0450
    We can help!
    Listing Contact
    MARCEL NOWAK
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Halstead Ave, Wallington Boro, NJ 07057-1123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!