Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    418 Union Blvd Totowa Boro, NJ 7512

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,700 /Mo

    800 sqft office space with three private offices for lease.

    Type:Commercial
    Lot size:
    0.16 Acres
    Added:
    May 14, 2025
    Days on Market:
    352
    Last Refresh:
    Apr 5 at 8:42 pm

    Property Features for 418 Union Blvd

    General Information

    Standard status
    Active
    Lot size
    0.16 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    PATRICK R MANNING

    Listing agent PATRICK R MANNING

    Listing office BEST OF NJ REALTY

    Listing date May 14, 2025

    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 BEST OF NJ REALTY

    Overview

    Totowa Office Space For Lease

    This 800 sqft office space is available for lease in Totowa. Located on the second floor of a building on Union Blvd, the unit features three private offices, a dedicated bathroom, and storage space. Illuminated signage is available on the front and side of the building. On-site parking is available for tenants and shared with the first-floor tenant. The location provides access to Route 46, I-80, and the Garden State Parkway, making it suitable for small businesses or professionals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apex Property Group Property Management Company Gryzmolowicz Richard J ... Dental Office Best Choice Dental Dental Office Epic Family Dental ... Dental Office Richard Gryzmolowicz Dental Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Totowa Boro
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2148
    Latitude
    40.902

    Nearby Similar for Lease

    • $3,000/Mo

      Charming Office Building in Totowa

      Stand-alone building with chestnut trim, suitable for professional business.
      554 Union Blvd, Totowa Boro, NJ 07512-2443
      View Details
    • $1,600/Mo

      Commercial Space in Totowa

      Office or retail space in a busy Totowa location.
      Totowa Boro, NJ 07512-2553
      View Details
    • $2,800/Mo

      Union Boulevard Office Space Available

      Ground-level office suite with private entrance, ready for occupancy.
      290 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $2,000/Mo

      Totowa First-Floor Office Space

      First-floor office space in Totowa with high visibility.
      410 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $1,450/Mo

      Totowa Office Space For Lease

      800 sqft office space in a prime Totowa location.
      418 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $1,675/Mo

      Totowa Commercial Space For Rent

      Commercial space available in a busy Totowa location.
      335 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $3,000/Mo

      Charming Stand-Alone Office Building

      Stand-alone office building in Totowa with great exposure.
      554 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $2,000/Mo

      Retail Space on Union Boulevard

      Retail space with great visibility on main road.
      340 Union Blvd, Totowa Boro, NJ 07512
      View Details

    FAQs

    What type of property is this?
    Office units - 800 sqft office space with three private offices for lease.
    Where is this office units located?
    The property is located at 418 Union Blvd Totowa Boro, NJ.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: Prime location on busy Union Blvd in Totowa with **excellent visibility and illuminated signage.**; Convenient access to Route 46, I‑80, and the Garden State Parkway.; Includes **three private offices, a dedicated bathroom, and ample storage within 800 sqft.**
    (973) 235-0969
    We can help!
    Listing Contact
    PATRICK R MANNING
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!