Flex Space with Office
For Sale
Contact for pricing
Pending
24 Woodside Ave, Little Falls, NJ 07424
R-1C-zoned property with two offices, two bathrooms, and adaptable areas for commercial operations.
Property Size4,500 SF
Lot Size0.07 Acres
Days on Market194
Property Features for 24 Woodside Ave
General Information
Standard status
Pending
Size
4,500 SF
Lot size
0.07 Acres
Property subtype
INDUSTRIAL
Zoning
R-1C
Additional Details
Clear Height
10 ft
Building Details
Building Size
4,500 SF
Listing Agency:
The Blau & Berg Company
(973) 568-6611
Listed By:
Jason M. Crimmins · License #0341793
(973) 568-6611
Source:
Moodyscre
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 10:05PM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This flex property contains approximately 4,500 SF within a 0.07-acre parcel. The layout includes two offices, two bathrooms, and ceiling clearance of approximately 10 feet. Interior space can accommodate workshops, storage, or additional office areas, supporting a range of practical commercial configurations.
The property is zoned R-1C and is located at 24 Woodside Ave in Little Falls, New Jersey. Its combination of work areas and administrative space may suit construction, electrical, or plumbing-related operations, as well as other users requiring a flexible building layout.
The property is zoned R-1C and is located at 24 Woodside Ave in Little Falls, New Jersey. Its combination of work areas and administrative space may suit construction, electrical, or plumbing-related operations, as well as other users requiring a flexible building layout.
Key Highlights
- Approximately 4,500 SF total building size
- Approximately 0.07 AC lot in Block 77, Lot 10
- Approximately 10’ ceiling height
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
$51,597
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
6.45%
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%
$1,031,940
$1.0M
Cap Rate 7%
$737,100
$737.1K
Cap Rate 9%
$573,300
$573.3K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$1.6K −$0.36/SF
EGI
$79.4K $17.64/SF
− OpEx
−$27.8K −$6.17/SF
NOI
$51.6K $11.47/SF
Area
Passaic County, NJ
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,031,940
Cap Rate 7%
$737,100
Cap Rate 9%
$573,300
Alternative Uses
Best Use
Flex RnD
$737.1K
$645.0K – $860.0K
NOI $51,597 @ 7.0% cap · market cap 6.45%
Second Best
Industrial
$721.6K
$631.4K – $841.8K
NOI $50,509 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07424, NJ
26,776
Population
11,243
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
4,698
Density / Sq Mi
$104,122
Median Household Income
$47,894
Median Earnings
$1,771
Median Rent
$477,300
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.
Frequently Asked Questions
What type of property is this?
Flex space - R-1C-zoned property with two offices, two bathrooms, and adaptable areas for commercial operations.
Where is this flex space located?
The property is located at 24 Woodside Ave Little Falls, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 4,500 SF total building size; Approximately 0.07 AC lot in Block 77, Lot 10; Approximately 10’ ceiling height
