Retail Space with
For Sale
Contact for pricing
210 S Washington Ave, Bergenfield, NJ 07621
B-2-zoned commercial building combines retail, office, loading, and rear parking.
Property Size10,000 SF
Price / SF$179.90
Days on Market490
Property Features for 210 S Washington Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
RETAIL
Zoning
B-2
Warehouse & Industrial
Office Build-Out
600 SF
Drive-In Doors
1
Additional Details
Asking Price
$1,799,000
Traffic Count
19,100 vehicles/day
Amenities
drive-in door for loading
parking lot in rear
Building Details
Buildings
1
Stories
2
Building Size
10,000 SF
Tenancy
Multi
Listing Agency:
NAI James E. Hanson | Teterboro
(201) 403-4087
Listed By:
Anthony J. Cassano · License #8545289
(201) 403-4087
Source:
Moodyscre
Added: Apr 29, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:38PM
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 NAI James E. Hanson | Teterboro
Investment Insights
Based on property information with market context.
Located at 210 S Washington Ave in Bergenfield, this approximately 10,000 SF retail and office property includes two occupied commercial spaces and additional second-floor offices. Bergenfield Furniture uses approximately 7,600 SF with warehouse space under a month-to-month lease, while Busby Family Eye Care occupies approximately 1,700 SF through 2027. Four offices add approximately 600 SF upstairs.
A rear drive-in door supports warehouse loading, and the property includes a rear parking lot. The building is zoned B-2 and sits along a corridor reporting approximately 19,100 vehicles per day, providing a combination of retail, office, and service-oriented space within an established commercial setting.
A rear drive-in door supports warehouse loading, and the property includes a rear parking lot. The building is zoned B-2 and sits along a corridor reporting approximately 19,100 vehicles per day, providing a combination of retail, office, and service-oriented space within an established commercial setting.
Key Highlights
- Approximately 10,000± SF of retail and office space
- Bergenfield Furniture occupies 7,600± SF with warehouse space on a month‑to‑month lease
- Busby Family Eye Care occupies 1,700± SF under lease through 2027
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
$142,733
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
7.93%
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%
$2,854,660
$2.9M
Cap Rate 7%
$2,039,043
$2.0M
Cap Rate 9%
$1,585,922
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$216.0K $21.60/SF
− Vacancy
−$12.1K −$1.21/SF
EGI
$203.9K $20.39/SF
− OpEx
−$61.2K −$6.12/SF
NOI
$142.7K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,854,660
Cap Rate 7%
$2,039,043
Cap Rate 9%
$1,585,922
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,733 @ 7.0% cap · market cap 7.93%
Second Best
Warehouse
$1.95M
$1.70M – $2.27M
NOI $136,294 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
19,100 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 07621, NJ
28,321
Population
9,677
Households
2.9
Avg Household Size
40
Median Age
48%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
9,766
Density / Sq Mi
$124,083
Median Household Income
$54,499
Median Earnings
$1,744
Median Rent
$469,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - B-2-zoned commercial building combines retail, office, loading, and rear parking.
Where is this retail space located?
The property is located at 210 S Washington Ave Bergenfield, NJ.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Approximately 10,000± SF of retail and office space; Bergenfield Furniture occupies 7,600± SF with warehouse space on a month‑to‑month lease; Busby Family Eye Care occupies 1,700± SF under lease through 2027
