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

    256 Broad Ave Palisades Park, NJ 07650

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,000,000

    Two-story commercial building in central business district, 100% occupied.

    Property Features for 256 Broad Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Hannah Mclaughlin
    Source: Corcoran

    Listing Agent: Hannah Mclaughlin

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

    Learn more

    Property Insight Report

    Overview

    Palisades Park Commercial Building

    Located in the central business district of Palisades Park, this two-story commercial building features three units. There are two street-level retail units and one large office unit on the second floor. The property benefits from heavy traffic and exposure, making it a potentially attractive investment. The building is currently 100% occupied, with potential for buyer occupancy. Parking is available via street parking, with a public parking lot located less than a block away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pilgrim Mission Center Mission Neighbor Plus Foundation Foundation Pilgrim House Non-Profit Organization Gong Cha Bubble Tea Store Alexandra's Boutique Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisades Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9980459
    Latitude
    40.8473932

    Nearby Similar for Sale

    • $1,399,000

      Palisades Park Duplex with Modern Elegance

      Stunning 4BR duplex near shops, restaurants, and NYC transportation.
      30 Henry Ave, Palisades Park, NJ 07650
      View Details
    • $3,200,888

      Mixed-Use Building with Liquor License

      Turnkey mixed-use property with established business and liquor license.
      402 Broad Ave, Palisades Park, NJ 07650
      View Details
    • $200,000

      Turn-Key Restaurant with Backyard Garden

      Fully equipped restaurant/cafe with outdoor dining, ready for immediate operation.
      320 Broad Ave, Palisades Park, NJ 07650
      View Details
    • $1,070,000

      Well-Maintained Duplex on Corner Lot

      3-bedroom, 3.5-bath duplex with modern finishes and 2-car garage.
      319 E Central Blvd, Palisades Park, NJ 07650
      View Details
    • $3,699,000

      Medical Practice Building For Sale

      Medical practice building with 10 exam rooms and parking.
      101 Grand Ave, Palisades Park, NJ 07650
      View Details
    • $1,200,000

      Modern Duplex in Palisades Park

      New construction duplex with modern design and convenient location.
      212 E Harriet Ave, Palisades Park, NJ 07650
      View Details
    • $739,000

      Luxury Penthouse Condo with Amenities

      Spacious condo with modern amenities, convenient location, easy commute.
      800 12Th St, Palisades Park, NJ 07650
      View Details
    • $900,000

      Updated Duplex Near NYC Transport

      Well-maintained duplex with modern updates and convenient NYC access.
      236 Columbus Ave, Palisades Park, NJ 07650
      View Details
    • $2,980,000

      Mixed-Use Building in Palisades Park

      Freestanding building with retail and residential units in prime location.
      325 Broad Ave, Palisades Park, NJ 07650
      View Details
    • $889,000

      Palisades Park Two-Family House

      Two-family house in Palisades Park, convenient location, investment opportunity.
      324 E Palisades Blvd, Palisades Park, NJ 07650
      View Details
    • $1,239,000

      Two-Family Home Investment Opportunity

      Spacious two-family home in prime location with high rental income.
      33 W Harwood Ter, Palisades Park, NJ 07650
      View Details
    • $948,000

      Immaculately Managed Palisades Park Duplex

      Serene duplex near downtown and NYC express bus.
      525A Roff Ave, Palisades Park, NJ 07650
      View Details

    FAQs

    What type of property is this?
    Investment property - Two-story commercial building in central business district, 100% occupied.
    Where is this investment property located?
    The property is located at 256 Broad Ave Palisades Park, NJ.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Prime location in Palisades Park central business district with heavy traffic and exposure.; - Three units: two street-level retail units and one large office unit.; - Currently 100% occupied, providing immediate income.
    Request Owner's contact information
    256 Broad Ave Palisades Park, NJ 07650
    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.
    256 Broad Ave
    Palisades Park, NJ 07650
    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
    256 Broad Ave Palisades Park, NJ 07650
    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
    Hannah Mclaughlin
    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.