Three-Room Office
For Sale
Contact for pricing
1030 Clifton Ave, Clifton, NJ 07013
Second-floor office suite in a professional building with parking and landlord-paid utilities.
Property Size640 SF
Price / SF$2.25
Days on Market78
Property Features for 1030 Clifton Ave
General Information
Standard status
Active
Size
640 SF
Elevators
No
Additional Details
Floor
2
Highway Access
Yes
Building Details
Year Built
1968
Listing Agency:
HOMESMART FIRST ADVANTAGE
Listed By:
KHALED A BASUF
(973) 577-1299
Source:
Luminancerealty
Added: Jul 31
Changed: Oct 16
Last Checked: Oct 6 at 12:44AM
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 HOMESMART FIRST ADVANTAGE
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Investment Insights
Based on property information with market context.
Unit 2E is a 640-square-foot office suite arranged as three rooms on the second floor of a professional building constructed in 1968. The suite is offered under a gross lease, with the landlord responsible for all utilities. The building does not have an elevator.
The property is located at 1030 Clifton Ave in Clifton’s Richfield section, with visibility from the surrounding area and convenient access to Rt 3, 46, 80, and GSP. Shops and restaurants are nearby, and on-site parking is available. Additional office units in various sizes are also available within the building.
The property is located at 1030 Clifton Ave in Clifton’s Richfield section, with visibility from the surrounding area and convenient access to Rt 3, 46, 80, and GSP. Shops and restaurants are nearby, and on-site parking is available. Additional office units in various sizes are also available within the building.
Key Highlights
- 640 sqft office suite with a three‑room layout
- Second‑floor unit; building has no elevator
- Gross lease with landlord paying all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,792
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,840
$195.8K
Cap Rate 7%
$139,886
$139.9K
Cap Rate 9%
$108,800
$108.8K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$19.2K $30.00/SF
− Vacancy
−$6.1K −$9.60/SF
EGI
$13.1K $20.40/SF
− OpEx
−$3.3K −$5.10/SF
NOI
$9.8K $15.30/SF
Area
Passaic County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,840
Cap Rate 7%
$139,886
Cap Rate 9%
$108,800
Alternative Uses
Best Use
Office B
$139.9K
$122.4K – $163.2K
NOI $9,792 @ 7.0% cap · market cap 680.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.1K
$146.2K – $195.0K
NOI $11,698 @ 7.0% cap · market cap 812.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 07013, NJ
28,843
Population
12,005
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
6,555
Density / Sq Mi
$119,291
Median Household Income
$59,413
Median Earnings
$1,696
Median Rent
$462,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite in a professional building with parking and landlord-paid utilities.
Where is this office units located?
The property is located at 1030 Clifton Ave Clifton, NJ.
What are key features of this property?
This property features: 640 sqft office suite with a three‑room layout; Second‑floor unit; building has no elevator; Gross lease with landlord paying all utilities
