Industrial Warehouse with Drive-In
For Sale
$4,299,000
174 GETTY AVE, Clifton, NJ 07011
Warehouse space with 17-foot clear height, an open layout, private restrooms, and central A/C.
Property Size26,000 SF
Price / SF$165.35
Days on Market382
Property Features for 174 GETTY AVE
General Information
Standard status
Active
Size
26,000 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Clear Height
17 ft
Taxes and HOA fees
Annual Taxes
$48,087
Amenities
3
Concrete
Fire Alarm
Flat
M-2
Parking.
2 Parking Spaces. 1 Car, Off Street.
Level
209X102, 209X102
Storage Area, Freestanding. Central Business District, Level.
Building Details
Year Built
1920
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
FRED NOURI
Source:
Xome
Added: Jul 24, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:50AM
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 ONE GROUP LEGEND
Investment Insights
Based on property information with market context.
Industrial/warehouse space with a 17-foot clear height, a large drive-in bay, and an open floor plan designed for flexible operations. The building includes central A/C, private restrooms, recessed lighting, and a security system.
Located in Clifton, NJ at 174 Getty Ave Unit 174, the property offers ample on-site parking and easy access to Route 21, Route 3, and the Garden State Parkway, with convenient connectivity toward NYC.
For sale on a single-tenant basis, this warehouse setup supports a variety of light industrial and storage needs based on the included improvements and layout.
Located in Clifton, NJ at 174 Getty Ave Unit 174, the property offers ample on-site parking and easy access to Route 21, Route 3, and the Garden State Parkway, with convenient connectivity toward NYC.
For sale on a single-tenant basis, this warehouse setup supports a variety of light industrial and storage needs based on the included improvements and layout.
Key Highlights
- 23,275 SF industrial/warehouse space with 17' clear height
- Open floor plan with a large drive‑in bay
- Central A/C plus concrete flooring and recessed lighting
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
$354,366
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
8.24%
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%
$7,087,320
$7.1M
Cap Rate 7%
$5,062,371
$5.1M
Cap Rate 9%
$3,937,400
$3.9M
Market Conditions
NOI Build-Up for 26,000 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
$443.0K $17.04/SF
− Vacancy
−$26.1K −$1.01/SF
EGI
$416.9K $16.03/SF
− OpEx
−$62.5K −$2.41/SF
NOI
$354.4K $13.63/SF
Area
Passaic County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
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%
$7,087,320
Cap Rate 7%
$5,062,371
Cap Rate 9%
$3,937,400
Alternative Uses
Best Use
Warehouse
$5.06M
$4.43M – $5.91M
NOI $354,366 @ 7.0% cap · market cap 8.24%
Second Best
Industrial
$4.17M
$3.65M – $4.86M
NOI $291,830 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$6.79M
$5.94M – $7.92M
NOI $475,238 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space with 17-foot clear height, an open layout, private restrooms, and central A/C.
Where is this warehouse located?
The property is located at 174 GETTY AVE Clifton, NJ.
What is the asking price?
The asking price for this property is $4,299,000.
What are key features of this property?
This property features: 23,275 SF industrial/warehouse space with 17' clear height; Open floor plan with a large drive‑in bay; Central A/C plus concrete flooring and recessed lighting
