Established Italian Restaurant For
For Sale
Contact for pricing
1 Lakeside Avenue, Pompton Lakes, NJ 07442
Long-established Italian restaurant with a strong customer base and liquor license.
Property Size6,000 SF
Price / SF$283.33
Days on Market109
Property Features for 1 Lakeside Avenue
General Information
Standard status
Active
Size
6,000 SF
Class
A
Total Parking Spaces
20
Property subtype
Retail, Office, Hospitality
Zoning
commercial
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$900,000
Building Details
Year Built
1950
Year Renovated
2025
Buildings
1
Stories
2
Units
20
Tenancy
Single
Listing Agency:
Global Real Estate Pro
(973) 856-1821
Listed By:
Peter Ingrasselino · License #1974266
Source:
Crexi
Added: May 13
Changed: Aug 22
Last Checked: Aug 26 at 12:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Pro
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a long-established Italian restaurant that has been in continuous operation for over 20 years. The restaurant is known for its authentic cuisine and welcoming atmosphere and is a staple in the community. The sale includes a liquor license. The restaurant is located in a 2-story building with a finished basement, providing space for dining and storage. The restaurant has comfortable seating arrangements for both intimate dinners and large gatherings. It has a strong financial history with consistent annual growth and a proven track record of profitability with room for expansion. The restaurant is recognized and cherished by the local community. There are opportunities to expand menu offerings and increase marketing efforts. The restaurant is situated in a high-traffic area with excellent visibility and accessibility. The property size is 6000 square feet. This opportunity is perfect for an entrepreneur looking to step into an established business with a strong foundation. This Italian restaurant offers an excellent platform for growth and continued success.
Key Highlights
- Over 20 years of successful operation with a loyal customer base and strong financial history.
- Prime location in a high‑traffic area with excellent visibility and accessibility.
- Turnkey operation: Fully equipped with all necessary kitchen and dining equipment included.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,835,140
$1.8M
Cap Rate 7%
$1,310,814
$1.3M
Cap Rate 9%
$1,019,522
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$129.6K $21.60/SF
− Vacancy
−$7.3K −$1.21/SF
EGI
$122.3K $20.39/SF
− OpEx
−$30.6K −$5.10/SF
NOI
$91.8K $15.29/SF
Area
Passaic County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,835,140
Cap Rate 7%
$1,310,814
Cap Rate 9%
$1,019,522
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,757 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
96k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 25%
Groceries 22%
Beauty & Spa 9%
Starbucks
Dining
22,677 visits/mo
0.1 miles
Lidl
Groceries
20,756 visits/mo
0.2 miles
Wendy's
Dining
18,361 visits/mo
0.2 miles
The Paper Store
Shops & Services
9,201 visits/mo
0.2 miles
TD Bank
Shops & Services
8,119 visits/mo
0.2 miles
Demographics for 07442, NJ
11,101
Population
4,235
Households
2.6
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
3,828
Density / Sq Mi
$119,038
Median Household Income
$71,355
Median Earnings
$1,822
Median Rent
$411,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Long-established Italian restaurant with a strong customer base and liquor license.
Where is this conventional restaurant located?
The property is located at 1 Lakeside Avenue Pompton Lakes, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Over 20 years of successful operation with a loyal customer base and strong financial history.; Prime location in a high‑traffic area with excellent visibility and accessibility.; Turnkey operation: Fully equipped with all necessary kitchen and dining equipment included.
