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    Second-Floor Office Suite Title is generated by Realmo AI

    192 Jefferson St, Passaic, NJ 07055

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    For Lease
    $2,500/Mo $14 SF/Yr (calc)

    Commercial - Passaic City, NJ

    Property size:
    2,100 SF
    Lot size:
    0.15 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for 192 Jefferson St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    busines
    Standard status
    Active
    Size
    2,100 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    18948

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Parquet Wood, Wood
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    ROBERTO SANCHEZ

    Listing agent ROBERTO SANCHEZ

    Listing office UNITED REAL ESTATE 18-19 RIVER ROAD, Fair Lawn, NJ

    Listing date Jun 2, 2026

    MLS# 4031553 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 2,100+ SF second‑floor commercial space in Downtown Passaic’s busy business district
    • Flexible layout with multiple private offices/rooms, open work areas, and storage options
    • Includes bathrooms and a kitchen/breakroom area, plus hardwood and tile flooring
    • Natural light throughout; building features block/brick construction and a flat roof
    • Asking $2,500/month gross; tenant responsible for use‑specific approvals, permits, and improvements
    • On‑site parking options include a municipal parking lot in front and street meter parking

    Overview

    This second-floor commercial suite offers approximately 2,100+ square feet of flexible office space designed for a variety of professional and service-based uses. The interior includes multiple private offices or rooms, open work areas, bathrooms, and a kitchen or breakroom area, along with storage options. Flooring consists of hardwood and tile, and the space benefits from natural light throughout.

    Located in the busy business district of Downtown Passaic, the property is within a short walk to Main Av and convenient to local businesses and NYC transportation. Major highway access is also highlighted nearby, including Rt 22, 21, 3, 46, GSP, and Rt 80. Parking is available in a municipal lot in front of the building, with additional street meter parking.

    The layout supports tenant needs ranging from consulting, accounting, legal, and administrative functions to wellness, tutoring, nonprofit, training, or community use. Tenant responsibilities include any use-specific approvals, permits, and improvements, and all uses are subject to landlord approval and municipal requirements, making this a practical option for operators looking for adaptable second-floor space.
    Property Profile 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 Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.12558
    Latitude
    40.86214

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    FAQs

    What type of property is this?
    Office units - Affordable second-floor space with private offices and open work areas, well-suited for professional or service-based operations.
    Where is this office units located?
    The property is located at 192 Jefferson St Passaic, NJ.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Approximately 2,100+ SF second‑floor commercial space in Downtown Passaic’s busy business district; Flexible layout with multiple private offices/rooms, open work areas, and storage options; Includes bathrooms and a kitchen/breakroom area, plus hardwood and tile flooring
    (888) 501-6953
    We can help!
    Listing Contact
    ROBERTO SANCHEZ
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    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
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    192 Jefferson St, Passaic City, NJ 07055-5135
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