Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23 Emerson Plz Emerson, NJ 07630

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,150,000

    Single-tenant retail property with development potential near Emerson Train Station.

    Property Features for 23 Emerson Plz

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Paul Skiadas
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS TOWN LIFE Listing Agent: Paul Skiadas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Property Near Emerson Train

    This single-tenant retail property is located in the heart of Emerson's downtown business district, steps from the Emerson Train Station and public transportation. The freestanding 3,812 square foot building sits on a 7,649 square foot lot and has housed a long-standing tenant. The property includes seven dedicated parking spaces, a truck loading area, and street visibility along a commercial corridor. Located within the Downtown Overlay Zone, the property offers an opportunity for vertical expansion above the existing retail footprint, allowing for future mixed-use or multifamily development, subject to Zoning and Borough approvals.
    Location Intelligence

    Current Use by Public Records

    Rispoli Pastry Shop Bakery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Similar Places Nearby

    New City Florist® of Emerson, Stop & Shop Florist

    Location Insight

    • Map
    • Local Demand
    City
    Emerson
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0273373
    Latitude
    40.9737758

    Nearby Similar for Sale

    • $849,000

      Updated Home in Desirable Emerson

      Updated 3-bedroom home with modern elegance and versatile living spaces.
      11 Belmont Ave, Emerson, NJ 07630
      View Details
    • $1,150,000

      Retail Property Near Emerson Train

      Single-tenant retail property with income and development potential.
      23 E Emerson Plz, Emerson, NJ 07630
      View Details
    • $255,000

      Renovated Medical Office Space Available

      Fully renovated 933 SF medical/professional office near Pascack Valley Medical Center.
      466 Old Hook Rd, Emerson, NJ 07630
      View Details
    • New
      Contact for pricing

      Medical Office Building For Sale

      Three-story medical office building near Pascack Valley Medical Center.
      440 Old Hook Rd, Emerson, NJ 07630
      View Details
    • Contact for pricing

      Prime Emerson Investment Opportunity

      High-visibility property near train station and new luxury rentals.
      111 Kinderkamack Rd, Emerson, NJ 07630
      View Details
    • $729,000

      Charming Two-Family Home in Emerson

      Spacious two-family home with private entrances and convenient location.
      87 Palisade Ave, Emerson, NJ 07630
      View Details
    • $455,000

      Updated 2-Bedroom Condo in Emerson

      Rare 2-bedroom, 2-bath condo in 55+ community, move-in ready.
      58 Kinderkamack 23, Emerson, NJ 07630
      View Details
    • $889,000

      Emerson NJ Luxury Home

      Exceptional 5-bedroom, 4-bath single-family home on a 100 x 111 lot.
      59 Colonial Rd, Emerson, NJ 07630
      View Details
    • $275,000
      0.12 Acres

      Emerson Medical Office - Great Location!

      Renovated office, 933 sq ft, ample parking.
      466 Old Hook Rd, Emerson, NJ 07630
      View Details
    • Contact for pricing

      New Construction Luxury Duplex

      New construction duplex with luxurious finishes and functional living spaces.
      56B Jefferson Ave, Emerson, NJ 07630
      View Details

    FAQs

    What type of property is this?
    Storefront property - Single-tenant retail property with development potential near Emerson Train Station.
    Where is this storefront property located?
    The property is located at 23 Emerson Plz Emerson, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Stable, reliable income stream from a long-standing tenant.; - Prime location in Emerson's thriving downtown business district, near the train station and public transportation.; - Development upside with potential for vertical expansion and mixed-use/multifamily development (subject to approvals).
    (201) 894-8004
    Request Owner's contact information
    23 Emerson Plz Emerson, NJ 07630
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Emerson Plz
    Emerson, NJ 07630
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    23 Emerson Plz Emerson, NJ 07630
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Skiadas
    Real Estate License ID: 1754359
    (201) 894-8004 (973) 809-6274 (201) 567-9191
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!