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

    211 Walton St Ridgewood, NJ 07450

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Two-unit property near downtown, shopping, and train station.

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: Continental Real Estate Group, Inc.

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

    Learn more

    Overview

    Well-Maintained Two-Unit Property

    This well-maintained two-unit property features an open concept kitchen, dining area, and living room in each unit. Each unit includes 3 bedrooms and 1 bathroom, along with updated kitchen and bathroom. The basement provides a separate laundry room and storage area. Each tenant has access to a one-car garage. Ample parking is available in the back of the property. The property is conveniently located near Ridgewood's downtown area, shopping, and the train station.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1150054
    Latitude
    40.9770772

    Nearby Similar for Sale

    • $79,000
      700 SF

      Turnkey Vegan Restaurant in Ridgewood

      Fully operational vegan restaurant in downtown Ridgewood with loyal customers.
      35 Godwin Ave, Ridgewood, NJ 07450
      View Details
    • $79,000

      Ridgewood Vegan Restaurant Opportunity

      Fully operational vegan restaurant for sale in downtown Ridgewood.
      39 Godwin Ave, Ridgewood, NJ 07450
      View Details
    • $299,900

      Established Japanese Sushi Restaurant Opportunity

      Thriving sushi restaurant with 25-year history, ready for new owner.
      848 Ridgewood Ave, Ridgewood, NJ 07450
      View Details
    • $869,000

      Ridgewood Colonial in Professional Zone

      Mixed-use property ideal for residence/work lifestyle near transportation.
      65 S Maple Ave, Ridgewood, NJ 07450
      View Details
    • $1,250,000

      Prime Retail and Residential Building

      Retail space with apartment near park and transportation.
      63 Ridgewood Ave, Ridgewood, NJ 07450
      View Details
    • $1,250,000
      2,600 SF

      Retail Space in Central Business District

      Two-story retail building in the heart of the village.
      63 E Ridgewood Ave, Ridgewood, NJ 07450
      View Details
    • $325,000

      Renovated Two-Bedroom Unit Near Downtown

      Renovated 2-bedroom unit near shopping, dining, parks, and transit.
      222 Broad St, Ridgewood, NJ 07450
      View Details
    • $220,000

      Restaurant Opportunity For Sale

      Well-established restaurant with fixtures and equipment included in sale.
      88 Godwin Ave, Ridgewood, NJ 07450
      View Details
    • $230,000

      High-Visibility Dessert Smoothie Shop

      Dessert smoothie shop in a high-traffic area with strong sales.
      80 Ridgewood Ave, Ridgewood, NJ 07450
      View Details
    • $2,500,000
      6,000 SF

      Ridgewood Office Building For Sale

      Three-story office building with elevator and ample parking.
      74 Oak St, Ridgewood, NJ 07450
      View Details
    • $2,142,000

      Mavis Discount Tire Property

      Commercial property currently occupied by Mavis Discount Tire.
      260 Franklin Ave, Ridgewood, NJ 07450
      View Details
    • $675,000

      Ridgewood Specialty Property For Sale

      Specialty property available for purchase in Ridgewood, New Jersey.
      16 Carriage Ln, Ridgewood, NJ 07450
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property near downtown, shopping, and train station.
    Where is this duplex located?
    The property is located at 211 Walton St Ridgewood, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Two separate units, each with 3 bedrooms and 1 bathroom, offering potential rental income or multi-generational living.; - Updated kitchens and bathrooms in both units.; - Convenient location near Ridgewood's downtown, shopping, and train station.
    (877) 996-5728
    Request Owner's contact information
    211 Walton St Ridgewood, NJ 07450
    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.
    211 Walton St
    Ridgewood, NJ 07450
    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
    211 Walton St Ridgewood, NJ 07450
    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
    (877) 996-5728
    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.