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    103 N Main St Paterson, NJ 07522

    For Sale
    $1,300,000

    Fully operational day care center with long-term lease in place.

    Lot size:
    0.09 Acres

    Property Features for 103 N Main St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1970

    Source: PROMINENT PROPERTIES SIR Agent DAVID SIMON

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

    Overview

    Paterson Early Childhood Education Facility

    This is a fully operational early childhood education facility featuring modern classrooms and designed to provide a nurturing, educational environment. The property is located in a high-visibility area of Paterson, offering excellent access for clients and staff. A long-term lease is currently in place with a stable tenant, providing immediate income for investors or steady cash flow for owners. The property's Net Operating Income (NOI) is $84,500, with a cap rate of 6.5%.
    Insight Report Location Intelligence

    Current Use by Public Records

    Starlet Academy Child Care Agency

    Suggested Use

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

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

    Similar Places Nearby

    Dorothy's Little Tot Preschool, Memorial Day Nursery, Paterson Daycare 100 inc., Broadway Kids Academy, D'ana Child Day Care

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1702941
    Latitude
    40.9262089

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    FAQs

    What type of property is this?
    Day care center - Fully operational day care center with long-term lease in place.
    Where is this day care center located?
    The property is located at 103 N Main St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Fully operational early childhood education facility; - Long-term lease in place with a stable tenant, providing immediate income; - Benefit from a 6.5% Cap Rate and NOI of $84,500
    (201) 568-5668
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    Paterson, NJ 07522
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    Realmo Value Estimation

    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.

    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.

    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
    103 N Main St Paterson, NJ 07522
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