Mixed-Use Property with Commercial
For Sale
$599,900
Pending
222 Haledon Ave, Haledon, NJ 07508
Mixed-use property featuring commercial space and residential unit.
Property Size3,204 SF
Lot Size0.08 Acres
Days on Market390
Property Features for 222 Haledon Ave
General Information
Standard status
Pending
Size
3,204 SF
Lot size
0.08 Acres
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
CASA REAL PROPERTY GROUP LLC
(973) 684-1110
Listed By:
YESIKA MARCANO
Source:
Corcoran
Added: Jul 28, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:57AM
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 CASA REAL PROPERTY GROUP LLC
Investment Insights
Based on property information with market context.
This mixed-use property features a commercial space of approximately 1,300 to 1,400 square feet on the first floor, currently configured as a dental office. The commercial space includes three built-out rooms, a lab, storage rooms, one full bath, and two half baths, with central air conditioning throughout. The unit will be delivered vacant. The property also includes a spacious 3-bedroom, 1-bath residential unit upstairs. Additional features include a full walk-up attic with expansion potential and a walkout basement. Private parking is available for up to four vehicles. Located in Prospect Park Borough, the property is near local shops, eateries, and transportation. This property presents an investment or live/work opportunity with flexible use potential.
Key Highlights
- Mixed‑use property featuring commercial space and a residential unit.
- Commercial space, approximately 1,300‑1,400 sq ft, ready for business or tenant.
- Spacious 3‑bedroom, 1‑bath residential unit for rental income or owner occupancy.
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
$49,021
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
8.17%
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%
$980,420
$980.4K
Cap Rate 7%
$700,300
$700.3K
Cap Rate 9%
$544,678
$544.7K
Market Conditions
NOI Build-Up for 3,204 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
$96.1K $30.00/SF
− Vacancy
−$30.8K −$9.60/SF
EGI
$65.4K $20.40/SF
− OpEx
−$16.3K −$5.10/SF
NOI
$49.0K $15.30/SF
Area
Passaic County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$980,420
Cap Rate 7%
$700,300
Cap Rate 9%
$544,678
Alternative Uses
Best Use
Office B
$700.3K
$612.8K – $817.0K
NOI $49,021 @ 7.0% cap · market cap 8.17%
Second Best
Healthcare Medical
$681.5K
$596.3K – $795.1K
NOI $47,706 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$836.6K
$732.1K – $976.1K
NOI $58,564 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 07508, NJ
23,959
Population
8,608
Households
2.8
Avg Household Size
39
Median Age
30%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
4,792
Density / Sq Mi
$94,611
Median Household Income
$47,295
Median Earnings
$1,749
Median Rent
$444,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring commercial space and residential unit.
Where is this mixed-use property located?
The property is located at 222 Haledon Ave Haledon, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Mixed‑use property featuring commercial space and a residential unit.; Commercial space, approximately 1,300‑1,400 sq ft, ready for business or tenant.; Spacious 3‑bedroom, 1‑bath residential unit for rental income or owner occupancy.
