Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Orono St Clifton, NJ 07013

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Turnkey custom millwork opportunity with equipment, building, and land.

    Property Features for 16 Orono St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Matthew Perasso
    Source: Corcoran

    Listing Agent: Matthew Perasso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Custom Mill with Equipment Included

    This property presents an opportunity for a custom mill worker or woodshop owner, featuring a building, land, and all equipment included in the sale. The property is suited for warehouse use and is grandfathered for woodworking and potentially other light industrial uses. The building includes a separate office area with ceilings exceeding 10 feet in height, along with a bathroom. It features one large loading door and one smaller loading door. Updates include a new roof installed six months ago. The building also has a small partial basement. The location is on a quiet, semi-residential road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clifton Mobile Auto ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1513846
    Latitude
    40.8652281

    Nearby Similar for Sale

    • $675,000
      1,988 SF

      Well-Maintained Two-Family Property

      Two-family property with income potential and owner-occupant flexibility.
      18 E 2Nd St, Clifton, NJ 07011
      View Details
    • New
      $599,000
      0.07 Acres

      Well-Maintained Multi-Family in Clifton City

      Two-family under-over property in the Lakeview section of Clifton City.
      157 Van Riper Ave, Clifton, NJ 07011
      View Details
    • $995,000
      0.28 Acres

      Legal Two-Family Home

      Two independent units on a spacious lot near Montclair border.
      18 Adams Ter, Clifton, NJ 07013
      View Details
    • New
      $375,000
      1,380 SF

      Clifton City Office Condo For Sale

      1380 sq ft office condo in high-traffic Clifton location.
      Clifton City, Clifton, NJ 07013
      View Details
    • $777,000
      Pending

      Clifton City Multi-Family Property

      Multi-family property for sale in Clifton City, New Jersey.
      322 Rutherford Blvd, Clifton, NJ 07014
      View Details
    • $549,000
      Pending

      Two-Family Home with Income Potential

      Versatile two-family home in Clifton City, NJ with income potential.
      9 Spencer Ave, Clifton, NJ 07013
      View Details
    • $1,950,000
      Pending

      Renovated Office Building on Main Road

      Renovated 5,600 sq ft office building with parking.
      335 Broad St, Clifton, NJ 07013
      View Details
    • $4,299,000
      26,000 SF

      Clifton Industrial/Warehouse Space For Sale

      23,275 SF industrial/warehouse space in prime Clifton location.
      174 Getty Ave, Clifton, NJ 07011
      View Details
    • New
      $575,000
      0.06 Acres

      Two-Family Home in Clifton City

      Two-family home with finished attic, ideal for investment or living.
      16 E 7Th St, Clifton, NJ 07011
      View Details
    • $675,000
      Pending

      Three-Story Multi-Family Home

      Multi-family home featuring separate utilities and driveway for three cars.
      48 Christie Ave, Clifton, NJ 07011
      View Details
    • New
      $575,000
      0.06 Acres

      Clifton City Two-Family Home

      Two-family home in Clifton City with potential for investment or owner-occupancy.
      18 E 7Th St, Clifton, NJ 07011
      View Details
    • $89,000
      1,100 SF

      Established Vegan Restaurant For Sale

      Turnkey vegan restaurant in Clifton City with loyal customer base.
      1279 Main Ave, Clifton, NJ 07011
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Turnkey custom millwork opportunity with equipment, building, and land.
    Where is this manufacturing property located?
    The property is located at 16 Orono St Clifton, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Fully equipped custom mill/woodshop ready for immediate operation.; - Includes land, building, and all equipment, offering a complete business solution.; - Grandfathered for woodworking and potentially other light industrial uses.
    Request Owner's contact information
    16 Orono St Clifton, NJ 07013
    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.
    16 Orono St
    Clifton, NJ 07013
    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
    16 Orono St Clifton, NJ 07013
    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

    We can help!
    Listing Contact
    Matthew Perasso
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.