Building Details

Buildings 1

Units 1

Listing Agency: Exodus Capital CRE h***@exoduscapitalcre.com Show Phone

Listed By: Haley Hasho · License #2141166

Source: Crexi

Added: Apr 8 Changed: Aug 29 Last Checked: Aug 29 at 1:26PM

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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 Exodus Capital CRE

Investment Insights

Based on property information with market context.

This freestanding storefront property in Montvale, New Jersey, contains 8,500 square feet on a 1.47-acre site. The property includes 33 parking spaces and carries B-1 (Business District) zoning, providing a clearly defined commercial setting for retail-oriented use.

The site is positioned near the NY/NJ border and has access to I-287, Palisades Interstate Parkway, and Garden State Parkway. Nearby commercial and medical users include Valley Health System, Bergen Surgery Center, Rejuvenation Clinic, and General Plumbing Supply.

Key Highlights

• 8,500‑square‑foot freestanding storefront building
• 1.47‑acre site with 33 parking spaces
• B‑1 (Business District) zoning

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

$121,323

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

4.49%

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%

$2,426,460 $2.4M

Cap Rate 7%

$1,733,186 $1.7M

Cap Rate 9%

$1,348,033 $1.3M

Market Conditions

NOI Build-Up for 8,500 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

$183.6K $21.60/SF

− Vacancy

−$10.3K −$1.21/SF

EGI

$173.3K $20.39/SF

− OpEx

−$52.0K −$6.12/SF

NOI

$121.3K $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%

$2,426,460

Cap Rate 7%

$1,733,186

Cap Rate 9%

$1,348,033

Alternative Uses

Best Use

Retail

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,323 @ 7.0% cap · market cap 4.49%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.22M

$1.94M – $2.59M (±1% cap)

NOI $155,366 @ 7.0% cap · market cap 5.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bergen Restaurant Supply Big Box & Wholesale Store

Suggested Use

Top Pick Auto Parts Store Law Firm Hair Salon Storage Facility Furniture & Home Goods Grocery & Convenience Store

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

708

Businesses Nearby

19k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 61% Dining 39%

Shell Shops & Services

11,566 visits/mo 0.3 miles

KFC Dining

7,366 visits/mo 0.3 miles

Demographics for 07645, NJ

8,436

Population

3,188

Households

2.6

Avg Household Size

44

Median Age

57%

College-Educated

95%

High-School Grad

4.0 sq mi

ZIP Area

2,109

Density / Sq Mi

$183,664

Median Household Income

$75,700

Median Earnings

$2,241

Median Rent

$688,500

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

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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?

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Frequently Asked Questions

What type of property is this?

Storefront property - Standalone retail-oriented property with B-1 (Business District) zoning and established commercial surroundings.

Where is this storefront property located?

The property is located at 153 N Kinderkamack Rd Montvale, NJ.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 8,500‑square‑foot freestanding storefront building; 1.47‑acre site with 33 parking spaces; B‑1 (Business District) zoning