Industrial Building for Contractor
For Sale
$950,000
65 Park Ave, Hillsdale, NJ 07642
Industrial building occupied by an HVAC business, offering space suited for trade, service, storage, light industrial, or showroom use.
Property Size5,760 SF
Price / SF$164.93
Days on Market66
Property Features for 65 Park Ave
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Industrial
Building Details
Building Size
5,760 SF
Listing Agency:
Triforce Commercial Real Estate
(845) 323-9177
Listed By:
Jason Horowitz · License #NY #10491207540
Source:
Triforcecre
Added: Jun 25
Changed: Aug 26
Last Checked: Aug 29 at 6:28AM
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 Triforce Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for sale, this 5,760 SF industrial building at 65 Park Avenue in Hillsdale, New Jersey is currently occupied by a heating and air conditioning business. The existing setup can support similar contractor or trade uses, as well as service operations, storage, light industrial activities, showroom use, or owner-user occupancy.
The property’s location is described as being in the heart of Hillsdale, positioning the building for businesses looking to serve customers and maintain day-to-day operations from a dedicated industrial facility.
The property’s location is described as being in the heart of Hillsdale, positioning the building for businesses looking to serve customers and maintain day-to-day operations from a dedicated industrial facility.
Key Highlights
- 5,760 SF industrial building at 65 Park Avenue in Hillsdale, New Jersey
- Currently occupied by a heating and air conditioning business
- Layout is suited for trade, service, storage, light industrial, showroom, or owner‑user needs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,652
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,293,040
$1.3M
Cap Rate 7%
$923,600
$923.6K
Cap Rate 9%
$718,356
$718.4K
Market Conditions
NOI Build-Up for 5,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.2K $17.04/SF
− Vacancy
−$5.8K −$1.01/SF
EGI
$92.4K $16.03/SF
− OpEx
−$27.7K −$4.81/SF
NOI
$64.7K $11.22/SF
Area
Bergen County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,293,040
Cap Rate 7%
$923,600
Cap Rate 9%
$718,356
Alternative Uses
Best Use
Industrial
$923.6K
$808.2K – $1.08M
NOI $64,652 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,284 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 07642, NJ
10,143
Population
3,479
Households
2.9
Avg Household Size
44
Median Age
62%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
3,498
Density / Sq Mi
$169,862
Median Household Income
$69,250
Median Earnings
$1,720
Median Rent
$656,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building occupied by an HVAC business, offering space suited for trade, service, storage, light industrial, or showroom use.
Where is this manufacturing property located?
The property is located at 65 Park Ave Hillsdale, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,760 SF industrial building at 65 Park Avenue in Hillsdale, New Jersey; Currently occupied by a heating and air conditioning business; Layout is suited for trade, service, storage, light industrial, showroom, or owner‑user needs
