Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Retail Space with Drive-Through Title is generated by Realmo AI

    470 Boulevard, Kenilworth, NJ 07033

    View on Map
    Claim this Listing
    For Lease
    $7,718 /Mo

    High-visibility commercial building with drive-through in downtown Kenilworth.

    Type:Commercial
    Lot size:
    0.29 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    438
    Last Refresh:
    May 11 at 1:25 am

    Property Features for 470 Boulevard

    General Information

    Standard status
    Active
    Lot size
    0.29 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    DORIT COHEN

    Listing agent DORIT COHEN

    Listing office REALTYLINE

    Listing date Mar 25, 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 REALTYLINE

    HighLights

    • High‑visibility, high‑traffic location in downtown Kenilworth.
    • Suitable for banks, credit unions, or retail businesses.
    • Drive‑through lanes for customer convenience.
    • Walk‑up ATM.
    • Spacious 2,376 sq. ft. interior layout.
    • Positioned along a prominent retail corridor.

    Overview

    This one-story commercial building, constructed in the 1950s, offers a 2,376 sq. ft. space suitable for banks, credit unions, or retail businesses. The property is located in downtown Kenilworth and features a spacious interior layout, drive-through lanes, and a walk-up ATM. Positioned along a prominent retail corridor, the property competes with other street-facing commercial spaces in the borough, making it a compelling option for both financial and retail service providers. The property is designed for operational efficiency and customer convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenilworth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2928
    Latitude
    40.6764

    Nearby Similar for Lease

    • $2,000/Mo
      1,700 SF

      Kenilworth Retail/Office Commercial Space

      1,700 sq ft open layout in Kenilworth's commercial district.
      340 Monroe Ave, Kenilworth Boro, NJ 07033
      View Details
    • $1,850/Mo

      Well-Maintained Apartment Near Transit

      One-bedroom apartment in Roselle Park, near transportation and amenities.
      220 W Sumner Ave 101, Kenilworth, NJ 07204-1200
      View Details
    • Contact for pricing
      30,000 SF

      Warehouse and Office Space Available

      30,000 SF warehouse with office space for lease.
      585 N Michigan Ave, Kenilworth, NJ 07033
      View Details
    • $5 SF/Yr
      10,000 SF

      Kenilworth Warehouse and Office Space

      Warehouse and office space available for lease in Kenilworth.
      100-112 N 10th St, Kenilworth, NJ
      View Details
    • $16 SF/Yr
      23,400 SF

      Kenilworth Warehouse with Retail Zoning

      23,400 SF warehouse with retail and wholesale zoning.
      515 N Michigan Ave, Kenilworth, NJ
      View Details
    • Contact for pricing
      30,000 SF

      Warehouse and Office Space Available

      30,000 SF warehouse/maintenance facility on 2.03 acres.
      585 N Michigan Ave, Kenilworth, NJ 07033
      View Details
    • $3,000/Mo
      1,500 SF

      Kenilworth Warehouse Space Available

      1,500 SF warehouse space for rent, flexible lease term.
      34 Washington Ave, Kenilworth, NJ
      View Details
    • Contact for pricing
      2,000 SF

      Kenilworth Retail/Office Space Available

      2,000 SF retail/office space in Kenilworth, NJ for lease.
      303 N 14th St, Kenilworth, NJ
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Building with Yard Space

      2500 SF industrial building featuring a dock and drive-in.
      742 Fairfield Ave, Kenilworth, NJ 07033
      View Details
    • $16 SF/Yr
      15,000 SF

      Kenilworth Office/Medical Space Available

      First floor office/medical space for lease in Kenilworth, NJ.
      37 Market St, Kenilworth, NJ
      View Details
    • Contact for pricing
      53,459 SF

      Kenilworth Office Space Available

      53,459 SF office space for rent in Kenilworth.
      Nest Galloping Hill Rd 11, Kenilworth, NJ
      View Details
    • Contact for pricing
      26,558 SF

      Kenilworth Office Space Available

      26,558 SF office space for rent in Kenilworth.
      5 Nest Galloping Hill Rd, Kenilworth, NJ
      View Details

    FAQs

    What type of property is this?
    Bank - High-visibility commercial building with drive-through in downtown Kenilworth.
    Where is this bank located?
    The property is located at 470 Boulevard Kenilworth, NJ.
    What is the lease rate?
    The lease rate is $7,718 /Mo.
    What are key features of this property?
    This property features: High‑visibility, high‑traffic location in downtown Kenilworth.; Suitable for banks, credit unions, or retail businesses.; Drive‑through lanes for customer convenience.
    (201) 833-9300
    We can help!
    Listing Contact
    DORIT COHEN
    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
    470 Boulevard, Kenilworth Boro, NJ 07033
    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!