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 Market691
Property Features for 18 Dempsey Ave
General Information
Standard status
Active
Size
5,206 SF
Lot size
0.09 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Uptown
Listing Agency:
Furumoto Realty
(212) 758-8118
Listed By:
Yoko Evans
(201) 686-5263
Source:
Moodyscre
Added: Dec 6, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:06AM
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
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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 / Yr
$79,652
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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.
