Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51 N Walnut St Ridgewood, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for rent at a corner location.

    Type:RETAIL
    Property size:
    1,750 SF
    Lot size:
    0.27 Acres
    Added:
    Mar 18, 2025
    Days on Market:
    380
    Last Refresh:
    Mar 29 at 10:28 pm

    Property Features for 51 N Walnut St

    General Information

    Standard status
    Active
    Size
    1,750 SF
    Lot size
    0.27 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 51 N Walnut St Contact us

    We can help!

    Listing Contact
    Mike Horne

    Listing agent Mike Horne

    Listing office RIPCO Real Estate - New Jersey

    Listing date Mar 18, 2025

    Source Moodyscre

    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 RIPCO Real Estate - New Jersey

    Overview

    Retail Space For Rent

    This retail space, encompassing 1750 square feet, is situated at a corner location, providing full access and turning motions. Located at 51 N Walnut St, Ridgewood, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perfect Shine Mobile ... Car Wash H&K Auto Repair Auto Repair Shop Ridgewood Auto Detailing Car Wash Epoxy Flooring Services ... Corporate Office

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1164
    Latitude
    40.9804

    Nearby Similar for Lease

    • Contact for pricing

      Ridgewood Village Commercial Colonial Office

      Charming Ridgewood Village office space near transportation and amenities.
      65 S Maple Ave, Ridgewood Village, NJ 07450-4509
      View Details
    • Contact for pricing

      First-Floor Office Suite in Ridgewood

      Efficient 511 SF office suite with parking and kitchenette.
      555 Goffle Rd, Ridgewood Village, NJ 07450-4038
      View Details
    • Contact for pricing

      Renovated Office Space in Ridgewood

      Newly renovated 750 SF office space in downtown Ridgewood.
      7 Ridgewood #3rd Floor, Ridgewood, NJ 07450
      View Details
    • $20/mo

      Prime Ridgewood Office/Medical Space

      Highly visible office or medical space in desirable Ridgewood location.
      615 Franklin Turnpike, Ridgewood, NJ 07450
      View Details
    • $20/mo

      Prime Ridgewood Office/Medical Space

      Highly visible office/medical space in desirable Ridgewood location.
      615 Franklin Turnpike, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Ridgewood Retail Space For Lease

      Retail space in Ridgewood, built out as a restaurant.
      39 Godwin #39, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space with shared amenities and on-site parking.
      589 Franklin #10, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Ridgewood Medical Office Suite

      Professionally upgraded medical office suite in prime Ridgewood location.
      265 Ackerman Ave, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Ridgewood Medical Office Suite

      Professionally upgraded medical suite near Valley Health System campus.
      265 Ackerman Ave, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Renovated Office Suite For Rent

      Completely renovated office suite with high visibility and parking.
      145 Prospect, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Retail Space Near Ridgewood Station

      Retail space with parking in downtown Ridgewood near train.
      240 E. Ridgewood Avenue , Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Renovated Commercial Space, Parking Included

      Turnkey Ridgewood commercial space with parking, ready for immediate occupancy.
      17 Godwin Ave, Ridgewood Village, NJ 07450
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for rent at a corner location.
    Where is this retail space located?
    The property is located at 51 N Walnut St Ridgewood, NJ.
    What are key features of this property?
    This property features: Corner lot location; Full access; Turning motions available
    (201) 777-2300
    We can help!
    Listing Contact
    Mike Horne
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!