Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Office Space in Mahwah Title is generated by Realmo AI

    164 Franklin, Mahwah, NJ 07430

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,500 /Mo

    Remodeled office space in a busy shopping district.

    Type:Commercial
    Added:
    Nov 6, 2025
    Days on Market:
    192
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 164 Franklin

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    CATHY BANU

    Listing agent CATHY BANU

    Listing office KELLER WILLIAMS VILLAGE SQUARE REALTY

    Listing date Nov 6, 2025

    Source Corcoran

    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 KELLER WILLIAMS VILLAGE SQUARE REALTY

    HighLights

    • Remodeled office space in a central Mahwah location with high visibility and traffic.
    • Two large front offices, one with a private bathroom and kitchenette.
    • Easy access to Route 17, Route 287, and the New York State Thruway.
    • Includes a spacious conference room and three interior offices.
    • Suitable for various professionals and service‑oriented businesses.
    • Welcoming reception area and comfortable waiting room.

    Overview

    This remodeled office space is located on Franklin Turnpike in Mahwah. The space features a reception area and waiting room, two large front offices (one with a private bathroom and kitchenette), a spacious conference room, three interior offices, a hall bathroom, and a dedicated server room. The location in Mahwah’s shopping district offers high visibility and traffic, with access to Route 17, Route 287, and the New York State Thruway. The space is suitable for professionals such as attorneys, accountants, and architects, as well as salons, therapists, and other service-oriented businesses. Individual offices can also be rented.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mahwah
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1666
    Latitude
    41.0267

    Nearby Similar for Lease

    • Sponsored
      $129-$7,567/Mo
      11-1,292 SF

      NJ, Mahwah - Wyckoff Ave

      1000 Wyckoff Ave, Unit 3RD, Mahwah, NJ 07430
      View Details
    • $2,516/Mo
      1,285 SF

      Refreshed Office Suite For Rent

      Second-floor office suite ideal for professional services, 1,285 sqft.
      1 Lethbridge #33, Mahwah, NJ 07430
      View Details
    • $7,344/Mo
      39,000 SF

      Refreshed Office Suite For Rent

      Second-floor corner suite suitable for fitness or professional office use.
      1 Lethbridge Plz, Mahwah Twp., NJ 07430
      View Details
    • $7,344/Mo
      3,525 SF

      Refreshed Office Suite For Rent

      3,525 sqft corner suite ideal for fitness or office.
      1 Lethbridge #34, Mahwah, NJ 07430
      View Details
    • $2,624/Mo
      39,000 SF

      Refreshed Office Suite For Rent

      Second-floor office suite suitable for various professional uses.
      1 Lethbridge Plz, Mahwah Twp., NJ 07430
      View Details
    • Contact for pricing
      144,570 SF

      Mahwah Office, Warehouse, Storage Space

      Office, warehouse, and storage spaces available for lease immediately.
      575 Corporate Drive, Mahwah, NJ 07430
      View Details
    • Contact for pricing
      144,570 SF

      Mahwah Office, Warehouse, Storage Space

      144,570 SF building with office, warehouse, and storage space.
      575 Corporate Drive, Mahwah, NJ 07430
      View Details
    • Contact for pricing
      88,732 SF

      Mahwah Flex Space Available

      Flex space in Mahwah, NJ, with convenient highway access.
      750 Corporate Drive, Mahwah, NJ, 07430
      View Details
    • Contact for pricing
      108,103 SF

      Mahwah Industrial Space with Cold Storage

      Versatile industrial space with cold storage and ample parking.
      16 McKee Drive, Mahwah, NJ 07430
      View Details
    • Contact for pricing
      144,570 SF

      Mahwah Office, Warehouse, Storage Space

      Office, warehouse, and storage spaces available for lease in Mahwah.
      575 Corporate Drive, Mahwah, NJ 07430
      View Details
    • $4,500/Mo

      Mahwah Commercial Office and Garage

      Commercial office and garage/warehouse for rent in Mahwah.
      164 Franklin #1, Mahwah, NJ 07430
      View Details
    • Contact for pricing
      113,852 SF

      Mahwah Warehouse Sublease Opportunity

      113,852 SF warehouse sublease available in Mahwah, New Jersey.
      1000 MacArthur Blvd, Mahwah, NJ 07430
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled office space in a busy shopping district.
    Where is this office units located?
    The property is located at 164 Franklin Mahwah, NJ.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Remodeled office space in a central Mahwah location with high visibility and traffic.; Two large front offices, one with a **private bathroom and kitchenette.**; Easy access to Route 17, Route 287, and the New York State Thruway.
    (201) 445-4300
    We can help!
    Listing Contact
    CATHY BANU
    Learn More
    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
    164 Franklin, Mahwah, NJ 07430
    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!