Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Senior Housing Community Title is generated by Realmo AI

    140 Shepherds Ln, Totowa, NJ 07512

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    160,000+ sq ft property suitable for healthcare or residential redevelopment.

    Type:Retail, Senior Living
    Property size:
    160,275 SF
    Added:
    Jul 27, 2024
    Days on Market:
    679
    Last Refresh:
    May 12 at 10:54 pm

    Property Features for 140 Shepherds Ln

    General Information

    Standard status
    Active
    Size
    160,275 SF
    Property subtype
    Retail, Senior Living

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    John Barrett
    John Barrett

    Listing agent John Barrett License #NY10301202670

    Listing office RM Friedland

    Listing date Jul 27, 2024

    Source Crexi

    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 RM Friedland

    HighLights

    • Large 160,000+ sq ft property suitable for healthcare or residential redevelopment.
    • Previously a skilled nursing facility, equipped with existing infrastructure for healthcare use.
    • Prime location in Totowa, NJ, with easy access to major highways and public transportation.
    • Ideal for adaptive reuse as multifamily housing (free market or tax credit) or senior housing.
    • Opportunity to capitalize on growing demand for elder care facilities and residential rental housing in the Metropolitan area.
    • Features multiple mature green spaces/gardens on site.

    Overview

    Located in Totowa, New Jersey, this property encompasses over 160,000 square feet. Previously a skilled nursing facility, the property has infrastructure suitable for healthcare use. It also provides a foundation for residential redevelopment for either the free market or tax credit developer. The property is positioned to capitalize on the demand in the Metropolitan area for elder care facilities and residential rental housing. The property has access to major highways and public transportation. The existing building, formerly a 102-unit senior housing community, is laid out in three wings. It is suited for adaptive reuse as a multifamily retrofit for either free market or tax credit redevelopment, in addition to senior housing. The site includes mature green spaces and gardens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nursing homes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • St Joseph's Home-Elderly — 140 Shepherds Ln Suite 1, Totowa, NJ 07512

    Location Insight

    • Map
    • Local Demand
    City
    Totowa
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.205924
    Latitude
    40.91414

    Nearby Similar for Sale

    • $749,000

      Totowa Office Building For Sale

      Two-story office building in Totowa with flexible zoning.
      232 Union, Totowa, NJ 07512
      View Details
    • $1,049,000

      Stand Alone Office Building

      Stand alone office building in great condition with handicap access.
      772 Union Blvd, Totowa, NJ 07512-2210
      View Details
    • $80,000

      Turnkey Pizzeria Opportunity in Totowa

      Fully equipped pizzeria restaurant in a high-traffic Totowa location.
      384 Totowa, Totowa, NJ 07512
      View Details
    • $125,000

      Established Cafe on Union Blvd

      Prime corner cafe with updated equipment and high visibility.
      179 Union, Totowa, NJ 07512
      View Details
    • $35,000
      1,000 SF

      Established Nail Salon in Totowa

      Nail salon for sale in high-traffic Totowa shopping center.
      169 Union, Totowa, NJ 07512
      View Details
    • Contact for pricing
      45,800 SF

      Flex R&D Space Available

      Flex R&D space for lease in Totowa Technology Campus.
      60 Gordon Dr, Totowa, NJ
      View Details
    • $1,199,000

      Renovated Office Space with Apartment

      Professionally renovated office with apartment, convenient highway access.
      77 Jefferson, Totowa, NJ 07512
      View Details

    FAQs

    What type of property is this?
    Nursing home - 160,000+ sq ft property suitable for healthcare or residential redevelopment.
    Where is this nursing home located?
    The property is located at 140 Shepherds Ln Totowa, NJ.
    What are key features of this property?
    This property features: Large 160,000+ sq ft property suitable for healthcare or residential redevelopment.; Previously a skilled nursing facility, equipped with existing infrastructure for healthcare use.; Prime location in Totowa, NJ, with easy access to major highways and public transportation.
    (914) 968-8500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Barrett
    John Barrett
    Real Estate License ID: NY10301202670
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    140 Shepherds Ln, Totowa, NJ 07512
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!