Rebuilt Commercial Building For
For Sale
Contact for pricing
18 Dempsey Ave, Edgewater, NJ
5,206 SF commercial building rebuilt in 2005, turn-key condition.
Property Size5,206 SF
Lot Size0.09 Acres
Price / SF$421.63
Days on Market646
Property Features for 18 Dempsey Ave
General Information
Standard status
Active
Size
5,206 SF
Lot size
0.09 Acres
Property subtype
RETAIL
Listing Agency:
Furumoto Realty
(212) 758-8118
Listed By:
Yoko Evans
(201) 686-5263
Source:
Moodyscre
Added: Dec 6, 2024
Changed: Sep 3
Last Checked: Sep 12 at 11:33AM
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 Furumoto Realty
Investment Insights
Based on property information with market context.
This 5,206 SF (approximate) commercial building was completely rebuilt in 2005 and is in turn-key condition. The current owner has installed two separate meters and plumbing, wiring, and water pipes on each floor, allowing the space to be subdivided into a maximum of four commercial spaces. The property features a ground-floor retail component of 2,630 SF and a 2,630 SF office space. Currently, the building houses a beauty salon as a ground-floor retail tenant and a real estate firm as a second-floor office tenant. All office furniture and fixtures on the second floor are included in the sale. The zoning permits eating and business establishments, business and professional offices, banks and financial institutions, municipal buildings and facilities, as well as childcare centers. The property is located at 18 Dempsey Ave, Edgewater, NJ.
Key Highlights
- Potential for increased revenue through subdivision into up to four commercial spaces.
- Turn‑key condition following complete rebuild in 2005.
- Existing tenants provide immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,652
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,593,040
$1.6M
Cap Rate 7%
$1,137,886
$1.1M
Cap Rate 9%
$885,022
$885.0K
Market Conditions
NOI Build-Up for 5,206 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$156.2K $30.00/SF
− Vacancy
−$50.0K −$9.60/SF
EGI
$106.2K $20.40/SF
− OpEx
−$26.6K −$5.10/SF
NOI
$79.7K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,593,040
Cap Rate 7%
$1,137,886
Cap Rate 9%
$885,022
Alternative Uses
Best Use
Office B
$1.14M
$995.7K – $1.33M
NOI $79,652 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$1.06M
$928.8K – $1.24M
NOI $74,307 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,157 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 5,206 SF commercial building rebuilt in 2005, turn-key condition.
Where is this retail space located?
The property is located at 18 Dempsey Ave Edgewater, NJ.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Potential for increased revenue through subdivision into up to four commercial spaces.; Turn‑key condition following complete rebuild in 2005.; Existing tenants provide immediate income.
