Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13 Parkside Ct Wayne, NJ 07470

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    Spacious 2BR/2BA condo with garage, low maintenance living.

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: EXP Realty, LLC

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

    Learn more

    Overview

    Wayne Condo with Scenic Views

    This well-maintained condominium is located in a peaceful residential community in Wayne. The unit features an open layout with abundant natural light and a private balcony. Inviting living and dining areas are suitable for relaxing or entertaining. The primary suite includes a walk-in closet and full bath. The second bedroom and full hall bath provide versatility for guests or a home office. The residence includes two indoor garage spaces and an additional storage area. The HOA fee is $360 per month, covering roof, landscaping, exterior maintenance, and snow removal. The property offers convenient access to shopping, dining, and major highways and is located near Packanack Lake and Berdan Avenue amenities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2587094
    Latitude
    40.9687689

    Nearby Similar for Sale

    • $799,000
      3,440 SF

      Prime Medical Park Corner Offices

      Three office suites in a desirable professional complex.
      502 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • $600,000
      68,900 SF

      Turn-Key Medical Office Condominium

      Fully furnished medical office near St. Joseph's University Medical Center.
      246 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • $1,699,000
      7,540 SF

      Mixed-Use Property in Wayne, NJ

      Mixed-use commercial property with established animal hospital and flexible second floor.
      455 Newark Pompton Tpke, Wayne, NJ 07470
      View Details
    • $195,000
      950 SF

      Professional Office Space For Sale

      Well-maintained office space ideal for medical, legal, or accounting use.
      504 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • $1,150,000
      Pending

      Lakefront Commercial Building For Sale

      Commercial building with three units, currently all rented, on Packanack Lake.
      40 Lake Dr, Wayne, NJ 07470
      View Details
    • $775,000

      Charming Ranch Home in Wayne

      Three-bedroom, two-and-a-half-bathroom ranch on a manicured lot in Wayne.
      12 Baker St, Wayne, NJ 07470
      View Details
    • $1,875,000
      5,000 SF

      Freestanding Office Building in Wayne

      Prime office building in a thriving Wayne, New Jersey location.
      204 Berdan Ave, Wayne, NJ 07470
      View Details
    • $530,000

      Spacious Condo in 55+ Community

      Bright, move-in-ready 2-bedroom condo with premium community amenities.
      1302 Four Seasons Dr, Wayne, NJ 07470
      View Details
    • $799,000

      Commercial Building in Residential Neighborhood

      Versatile commercial building in a residential neighborhood with endless potential.
      782 Valley Rd, Wayne, NJ 07470
      View Details
    • $299,999

      Valley Terrace Condominium For Sale

      One-bedroom condo in Wayne, NJ, near transportation and shopping.
      43 Knox Ter, Wayne, NJ 07470
      View Details
    • $419,000

      Furnished Office Condo For Sale

      Furnished office condo with reception, offices, conference room, kitchenette.
      401 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • $1,750,000
      4,340 SF

      Modern Retail Building on Hamburg Tpke

      Modern retail building with strong rental income and high traffic.
      2252 Hamburg Tpke, Wayne, NJ 07470
      View Details

    FAQs

    What type of property is this?
    Apartment building - Spacious 2BR/2BA condo with garage, low maintenance living.
    Where is this apartment building located?
    The property is located at 13 Parkside Ct Wayne, NJ.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Scenic Views and Private Balcony; - Two Indoor Garage Spaces and Additional Storage; - Low-Maintenance Living: HOA covers roof, landscaping, exterior maintenance, and snow removal
    (973) 250-9974
    Request Owner's contact information
    13 Parkside Ct Wayne, NJ 07470
    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.
    13 Parkside Ct
    Wayne, NJ 07470
    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
    13 Parkside Ct Wayne, NJ 07470
    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
    (973) 250-9974
    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.