Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    555 Passaic Ave, Unit 201 Caldwell, NJ 07006

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,000 /Mo

    Second floor office suite in luxury building for rent.

    Lot size:
    2.10 Acres

    Property Features for 555 Passaic Ave

    General Information

    Standard status
    Active
    Lot size
    2.10 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Anthony Michelotti
    Source: Corcoran

    Listing Agent: Anthony Michelotti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Luxury Office Building Corner Suite

    This is a second-floor corner suite located in a luxury office building. The suite offers approximately 1794 square feet of space and includes five offices, a reception area, and a private bathroom. The building is equipped with an elevator and provides ample parking in both the front and rear. The intended use of this property is for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2972576
    Latitude
    40.8496995

    Nearby Similar for Lease

    • $1,800 /Mo
      750 SF

      Retail Space in Caldwell

      Ground floor retail space available October 31, 2025.
      297 Bloomfield Ave, Caldwell, NJ 07006
      View Details
    • $2,500 /Mo

      Prime Retail/Office Space Available

      Retail/office space with great visibility, ready for immediate occupancy.
      820 Bloomfield Ave, Caldwell, NJ 07006
      View Details
    • $4,500 /Mo

      High Visibility Office/Retail/Restaurant Space

      Versatile space suitable for office, retail, or upscale restaurant.
      266 Bloomfield Ave, Caldwell, NJ 07006
      View Details
    • $2,200 /Mo

      Updated Apartment in Caldwell Heart

      Updated 2-bedroom apartment near Bloomfield Avenue's shops and dining.
      70 Elm Rd, Caldwell, NJ 07006
      View Details
    • $1,850 /Mo

      Caldwell One-Bedroom Apartment for Rent

      Well-maintained one-bedroom apartment in downtown Caldwell, close to amenities.
      14 Gould Pl, Caldwell, NJ 07006
      View Details
    • $1,500 /Mo
      1,000 SF

      Caldwell Office Space with Garage

      Move-in ready office with garage space in central Caldwell.
      340 Bloomfield Ave, Caldwell, NJ 07006
      View Details
    • $4,300 /Mo

      Spacious Rental with Modern Finishes

      Three-bedroom rental featuring modern finishes, ample space, and parking.
      31 Oak Grove Rd, Caldwell, NJ 07006
      View Details
    • $29 SF/Yr
      3,200 SF

      Retail Space on Bloomfield Avenue

      Retail space with multiple entrances in Caldwell, New Jersey.
      875 Bloomfield Ave, Caldwell, NJ 07006
      View Details
    • Contact for pricing
      2,750 SF

      Retail Space in Caldwell, NJ

      Retail space available with high daytime population and traffic.
      9-11 Bloomfield Ave, Caldwell, NJ 07006
      View Details
    • Contact for pricing

      Three-Story Office Building For Rent

      199,300-sf three-story office building with concrete and glass facade.
      100 Passaic Ave, Caldwell, NJ 07006
      View Details
    • Contact for pricing
      3,750 SF

      Retail Space on Roseland Avenue

      Retail space available for lease in Caldwell, New Jersey.
      60 Roseland Ave, Caldwell, NJ 07006
      View Details

    FAQs

    What type of property is this?
    Office space - Second floor office suite in luxury building for rent.
    Where is this office space located?
    The property is located at 555 Passaic Ave, Unit 201 Caldwell, NJ.
    What are key features of this property?
    This property features: - Luxury office building; - Spacious 1794 sq ft corner suite; - Features 5 private offices
    (973) 882-1117
    Request Owner's contact information
    555 Passaic Ave, Unit 201 Caldwell, NJ 07006
    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.
    555 Passaic Ave, Unit 201
    Caldwell, NJ 07006
    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
    555 Passaic Ave, Unit 201 Caldwell, NJ 07006
    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

    We can help!
    Listing Contact
    Anthony Michelotti
    (973) 882-1117
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.