Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime South Paterson Commercial Space Title is generated by Realmo AI

    1111 Main St, Paterson, NJ 07503

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,850/Mo $66 SF/Yr (calc)

    700 SF commercial space in prime South Paterson location.

    Type:Commercial
    Property size:
    700 SF
    Lot size:
    0.20 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    81
    Last Refresh:
    Apr 5 at 11:23 pm

    Property Features for 1111 Main St

    General Information

    Standard status
    Active
    Size
    700 SF
    Lot size
    0.20 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    SHOROUQ Z. MATARI

    Listing agent SHOROUQ Z. MATARI

    Listing office TOP VALUE REALTY

    Listing date Feb 26, 2026

    Source Corcoran

    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 TOP VALUE REALTY

    HighLights

    • Prime South Paterson Location, one block from Clifton.
    • Suitable for various businesses: professional office, medical, coffee shop (no cooking), or other small business.
    • 700 SQ FT space.
    • Established location with current tenants including Ladies boutique, Barber Shop, Tax office and Insurance office.
    • Rent includes taxes, water, sewer, and property insurance.
    • Original use was an attorney office for 40+ years.

    Overview

    This 700 square foot commercial space is located in a prime South Paterson location, one block from Clifton. The location is suitable for various businesses. The space was previously used as an attorney's office for over 40 years. It is suitable for a professional office, medical practice, coffee shop (no cooking), or other small business. Current tenants include a ladies boutique, barber shop, tax office, and insurance office. The rent includes taxes, water, sewer, and property insurance. The tenant is responsible for their own utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shackil Law, LLC Law Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1554
    Latitude
    40.8908

    Nearby Similar for Lease

    • $1,500/Mo

      Renovated Office Space For Rent

      625 sqft renovated office space suitable for professional use.
      446 Chamberlain Ave, Paterson City, NJ 07522-1009
      View Details
    • $2,350/Mo
      1,100 SF

      Paterson City Office Space

      1,100 sq ft office space in busy strip mall.
      311 Crooks Ave, Paterson City, NJ 07503-1105
      View Details
    • $7,000/Mo
      1,316 SF

      Remodeled Auto Repair Garage

      Remodeled auto repair garage in high-traffic area, suitable for various vehicles.
      480 Union Ave, Paterson City, NJ 07522-1909
      View Details
    • $1,525/Mo
      760 SF

      Professional Office Suite For Rent

      Second floor office suite with abundant natural light.
      250 MADISON AVE 2nd Fl, Paterson City, NJ 07524
      View Details
    • $7,800/Mo
      3,696 SF

      Commercial Building Vanilla Box Space

      High-traffic commercial building suitable for retail, storage, or office.
      560 E 18Th St, Paterson City, NJ 07514
      View Details
    • $2,000/Mo
      2,000 SF

      Industrial Space in Paterson City

      Flex space suitable for light industrial, warehouse, or retail.
      386 River St, Paterson City, NJ 07524
      View Details
    • $7,800/Mo
      7,200 SF

      Versatile Industrial/Warehouse Space Available

      7,200 Sq. Ft. industrial/warehouse space with flexible leasing options.
      312 Governor Street, Paterson City, NJ 07514
      View Details
    • $2 SF/Yr
      1,000-1,000 SF

      Storefront at Carroll and Broadway

      Small storefront ideal for tobacco shop or miscellaneous retail.
      295 Broadway, Unit A, Paterson, NJ 07514
      View Details
    • Contact for pricing

      New Construction Retail/Office Space

      New construction retail/office space available in 2026.
      587 River St, Paterson City, NJ 07524-1738
      View Details
    • $6,000/Mo
      1,500 SF

      Renovated Storefront in Downtown Paterson

      Renovated commercial space suitable for retail, office, or restaurant.
      275 Main St, Paterson City, NJ 07505
      View Details
    • $3,500/Mo
      2,500 SF

      Furnished Hair Salon For Rent

      Fully furnished hair salon with parking in a good location.
      361 Crooks Ave, Paterson City, NJ 07503
      View Details
    • $1,400/Mo

      High-Visibility Retail Space Available

      Flexible retail space suitable for various business types.
      560 E 18Th St, Paterson City, NJ 07514
      View Details

    FAQs

    What type of property is this?
    Office units - 700 SF commercial space in prime South Paterson location.
    Where is this office units located?
    The property is located at 1111 Main St Paterson, NJ.
    What is the lease rate?
    The lease rate is $3,850 /Mo.
    What are key features of this property?
    This property features: Prime South Paterson Location, one block from Clifton.; Suitable for various businesses: professional office, medical, coffee shop (no cooking), or other small business.; 700 SQ FT space.
    (973) 769-6184
    We can help!
    Listing Contact
    SHOROUQ Z. MATARI
    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
    1111 Main St, Paterson City, NJ 07503
    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!