Two-Story Professional Office
For Sale
$1,699,999
24 Wyckoff, Waldwick, NJ 07463
Turnkey office building in Waldwick's business corridor.
Property Size8,546 SF
Lot Size0.88 Acres
Price / SF$198.92
Days on Market322
Property Features for 24 Wyckoff
General Information
Standard status
Active
Size
8,546 SF
Lot size
0.88 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,593
Amenities
Central Air Heating
Gas Heating
Hot Air Heating
Multi-Zone Heating
Listing Agency:
KELLER WILLIAMS CITY VIEWS REALTY
(201) 592-8900
Listed By:
BRUCE ELIA, JR.
Source:
Corcoran
Added: Sep 22, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:28PM
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 KELLER WILLIAMS CITY VIEWS REALTY
Investment Insights
Based on property information with market context.
Located at 24 Wyckoff Ave in Waldwick, NJ, this two-story professional office building offers approximately 8,546 square feet of flexible layout. Situated on a 38,359-square-foot lot, the property provides visibility, accessibility, and parking. The building is suitable for medical use, professional practices, or corporate headquarters. It is located in Waldwick’s business corridor, benefiting from local demographics and foot traffic. The property offers income potential and flexible suite layouts, with customization opportunities. This turnkey space is suitable for investors and owner-users.
Key Highlights
- 8,546 sq ft of flexible layout suitable for medical, professional, or corporate use.
- Located in Waldwick's vibrant business corridor with strong local demographics and foot traffic.
- Substantial 38,359 sq ft lot with excellent visibility and ease of access.
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
$130,754
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
7.69%
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%
$2,615,080
$2.6M
Cap Rate 7%
$1,867,914
$1.9M
Cap Rate 9%
$1,452,822
$1.5M
Market Conditions
NOI Build-Up for 8,546 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
$256.4K $30.00/SF
− Vacancy
−$82.0K −$9.60/SF
EGI
$174.3K $20.40/SF
− OpEx
−$43.6K −$5.10/SF
NOI
$130.8K $15.30/SF
Area
Bergen 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%
$2,615,080
Cap Rate 7%
$1,867,914
Cap Rate 9%
$1,452,822
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,754 @ 7.0% cap · market cap 7.69%
Second Best
Healthcare Medical
$1.82M
$1.59M – $2.12M
NOI $127,247 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,207 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 07463, NJ
10,058
Population
3,486
Households
2.9
Avg Household Size
41
Median Age
57%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
5,029
Density / Sq Mi
$155,526
Median Household Income
$74,468
Median Earnings
$3,189
Median Rent
$576,200
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Turnkey office building in Waldwick's business corridor.
Where is this office building located?
The property is located at 24 Wyckoff Waldwick, NJ.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: 8,546 sq ft of flexible layout suitable for medical, professional, or corporate use.; Located in Waldwick's vibrant business corridor with strong local demographics and foot traffic.; Substantial 38,359 sq ft lot with excellent visibility and ease of access.
