Clifton Industrial/Warehouse Space For
For Sale
$4,299,000
174 Getty Avenue, Clifton, NJ 07011
23,275 SF industrial/warehouse space in prime Clifton location.
Property Size23,275 SF
Price / SF$184.70
Days on Market390
Property Features for 174 Getty Avenue
General Information
Standard status
Active
Size
23,275 SF
Property subtype
Industrial
Amenities
Central Air
3
Listing Agency:
Realty One Group Legend, Clifton
(973) 652-4372
Listed By:
Fred Nouri
(973) 652-4372
Source:
Xome
Added: Aug 6, 2025
Changed: Aug 25
Last Checked: Aug 29 at 6:38AM
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, Clifton
Investment Insights
Based on property information with market context.
This 23,275 square foot industrial/warehouse space is located in Clifton. The property features a 17-foot clear height, a large drive-in bay, and an open floor plan. It is equipped with central air conditioning, private restrooms, recessed lighting, and a security system. The property is suitable for light manufacturing, distribution, or storage. Ample on-site parking is available. The location provides easy access to Route 21, Route 3, the Garden State Parkway, and New York City. The listed rate includes utilities, building services, and property expenses.
Key Highlights
- Prime Clifton location with easy access to Route 21, Route 3, the Garden State Parkway, and NYC.
- 23,275 SF industrial/warehouse space suitable for light manufacturing, distribution, or storage.
- Benefit from a 17' clear height and large drive‑in bay.
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
$317,225
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
7.38%
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%
$6,344,500
$6.3M
Cap Rate 7%
$4,531,786
$4.5M
Cap Rate 9%
$3,524,722
$3.5M
Market Conditions
NOI Build-Up for 23,275 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
$396.6K $17.04/SF
− Vacancy
−$23.4K −$1.01/SF
EGI
$373.2K $16.03/SF
− OpEx
−$56.0K −$2.41/SF
NOI
$317.2K $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%
$6,344,500
Cap Rate 7%
$4,531,786
Cap Rate 9%
$3,524,722
Alternative Uses
Best Use
Warehouse
$4.53M
$3.97M – $5.29M
NOI $317,225 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.08M
$5.32M – $7.09M
NOI $425,430 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,159
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 - 23,275 SF industrial/warehouse space in prime Clifton location.
Where is this warehouse located?
The property is located at 174 Getty Avenue 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: Prime Clifton location with easy access to Route 21, Route 3, the Garden State Parkway, and NYC.; 23,275 SF industrial/warehouse space suitable for light manufacturing, distribution, or storage.; Benefit from a **17' clear height and large drive‑in bay.**
