Sign Up Successful!
You now have access to more from Realmo!
    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

    390 Ramapo Valley Rd, Unit 1 Oakland, NJ 07436

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $28 SF/Yr

    Luxurious, renovated retail space on historic Route 202.

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: RE/MAX SELECT - Oakland

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

    Learn more

    Property Insight Report

    Overview

    Renovated Retail Space on Route 202

    This renovated retail space is located on historic Route 202, benefiting from a traffic count of 16,000 vehicles per day. The property includes additional square footage in the basement. It is suitable for various business uses. Fixtures and equipment are available for an additional cost. Signage opportunities are available. The property benefits from a shared parking lot and is located near Wilke's Deli, Oakland Liquors, RE/MAX Select, Gibling's Shoes, and Salon Salon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Natural Cleaners Dry Cleaner Oakland Wine & Liquors Liquor Store Prestige Home Building ... Home Builder VIP Kitchen and Granite Kitchen Remodeler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.2407657
    Latitude
    41.0255944

    Nearby Similar for Lease

    • $3,497 /Mo

      Upscale Two-Bedroom Apartment in Oakland

      Luxury two-bedroom apartment with modern amenities and convenient location.
      445 Ramapo Valley Rd, Oakland, NJ 07436
      View Details
    • Contact for pricing
      117,000 SF

      Prime Medical Office Space in Bergen County

      117,000 SF Medical/Retail Building, 2,000 SF Available
      14 Post Rd, Oakland, NJ 07436
      View Details
    • $34 SF/Yr
      700 SF

      Oakland Retail Space For Rent

      700 SF retail space in Oakland's Central Business District.
      14 Elm St, Oakland, NJ 07436
      View Details
    • $12 SF/Yr
      7,326 SF

      Oakland Warehouse Space For Lease

      Warehouse space for lease near I-287 in Oakland, NJ.
      27 Muller Rd, Oakland, NJ 07436
      View Details
    • Contact for pricing
      33,550 SF

      Copper Tree Shopping Plaza: Retail Space

      Bergen County retail center; 5 suites available.
      350 Ramapo Valley Rd, Oakland, NJ 07436
      View Details
    • $29 SF/Yr
      46,544 SF

      Oakland Office Suites: Prime Location

      Versatile office spaces, ideal for various businesses.
      9 Post Rd, Oakland, NJ 07436
      View Details
    • $4,977 /Mo
      950 SF

      West Oakland Office with Storage

      950 SF office space with outdoor storage and parking.
      29 Edison Ave, Oakland, NJ 07436
      View Details
    • $35 SF/Yr

      Oakland Retail Space For Rent

      In-line retail space in a thriving Oakland business district.
      6-14 Elm 10, Oakland, NJ 07436
      View Details
    • $1,750 /Mo

      Oakland Retail Space For Rent

      Retail space in central Oakland business district available for rent.
      20 Elm St, Oakland, NJ 07436
      View Details
    • $33 SF/Yr
      7,192 SF

      Oakland Office Space for Lease

      Prime Oakland location, flexible suites available.
      6 Elm St, Oakland, NJ 07436
      View Details

    FAQs

    What type of property is this?
    Retail space - Luxurious, renovated retail space on historic Route 202.
    Where is this retail space located?
    The property is located at 390 Ramapo Valley Rd, Unit 1 Oakland, NJ.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on historic RT 202 (16K VPD); - Fully renovated, luxurious space; - Additional square footage in the basement
    (201) 240-5200
    Request Owner's contact information
    390 Ramapo Valley Rd, Unit 1 Oakland, NJ 07436
    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.
    390 Ramapo Valley Rd, Unit 1
    Oakland, NJ 07436
    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
    390 Ramapo Valley Rd, Unit 1 Oakland, NJ 07436
    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
    (201) 240-5200
    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.