1275 State Rte 23 Wayne, NJ
8,706 SF building with retail and office space.
- Added:
- Nov 24, 2025
- Days on Market:
- 231
- Last Refresh:
- May 20 at 9:08 pm
Property Features for 1275 State Rte 23
General Information
- Standard status
- Active
- Size
- 8,706 SF
- Lot size
- 0.54 Acres
- Property subtype
- RETAIL
Listing office NAI James E. Hanson | Teterboro (201) 488-5800
Listing date Nov 24, 2025
Source Moodyscre
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 NAI James E. Hanson | Teterboro
Investment Insights
Based on property information with market context.
Key Highlights
- 8,706 SF Building
- First floor retail space offering 6,240 SF
- 2nd Floor Office provides 2,466 SF
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.2k | $30.00 |
| − Vacancy | −$83.6k | −$9.60 |
| EGI | $177.6k | $20.40 |
| − OpEx | −$44.4k | −$5.10 |
| NOI | $133.2k | $15.30 |
