Building Details

Stories 3

Listing Agency: Realty 33, Llc Show Phone

Listed By: The Campusano Group Show Phone

Source: Thecampusanogroup

Added: Sep 26 Last Checked: Sep 26 at 2:59PM

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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 Realty 33, Llc

Investment Insights

Based on property information with market context.

This three-story storefront property contains approximately 2,486 square feet and sits on a 15,744-square-foot double lot. A salon is currently operating in the building, and the site has 21 parking spaces.

The property is in the Woodcliff Lake Business District, near NJ Transit. Its existing commercial use and three-story configuration define the current offering.

Key Highlights

• Approximately 2,486 square feet across three stories
• 15,744‑square‑foot double lot
• 21 parking spaces

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

$35,483

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

2.84%

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%

$709,660 $709.7K

Cap Rate 7%

$506,900 $506.9K

Cap Rate 9%

$394,256 $394.3K

Market Conditions

NOI Build-Up for 2,486 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

$53.7K $21.60/SF

− Vacancy

−$3.0K −$1.21/SF

EGI

$50.7K $20.39/SF

− OpEx

−$15.2K −$6.12/SF

NOI

$35.5K $14.27/SF

Area

Bergen County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /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%

$709,660

Cap Rate 7%

$506,900

Cap Rate 9%

$394,256

Alternative Uses

Best Use

Retail

$506.9K

$443.5K – $591.4K (±1% cap)

NOI $35,483 @ 7.0% cap · market cap 2.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$649.1K

$568.0K – $757.3K (±1% cap)

NOI $45,440 @ 7.0% cap · market cap 3.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Dental Office Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

265

Businesses Nearby

10k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Pet Supplies Plus Shops & Services

10,008 visits/mo 0.4 miles

Demographics for 07677, NJ

6,128

Population

2,221

Households

2.8

Avg Household Size

45

Median Age

77%

College-Educated

98%

High-School Grad

3.4 sq mi

ZIP Area

1,802

Density / Sq Mi

$211,233

Median Household Income

$97,500

Median Earnings

$2,629

Median Rent

$901,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Decor Galore — 116 Broadway, Woodcliff Lake, NJ 07677

Frequently Asked Questions

What type of property is this?

Storefront property - The building is occupied by a salon and includes on-site parking.

Where is this storefront property located?

The property is located at 129-135 Broadway Woodcliff Lake, NJ.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Approximately 2,486 square feet across three stories; 15,744‑square‑foot double lot; 21 parking spaces