Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palisades Park Office Space Title is generated by Realmo AI

    253 Broad #2nd FL, Palisades Park, NJ 07650

    View on Map
    Claim this Listing
    For Lease
    $2,150/Mo $25 SF/Yr (calc)

    Office space for lease in Palisades Park business district.

    Type:Commercial
    Property size:
    1,000 SF
    Added:
    Nov 24, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 253 Broad #2nd FL

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    HANNAH MCLAUGHLIN

    Listing agent HANNAH MCLAUGHLIN

    Listing office COSMO REALTY, INC.

    Listing date Nov 24, 2025

    Source Corcoran

    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 COSMO REALTY, INC.

    HighLights

    • Prime location in the center of the Palisades Park business district.
    • Approximately 1000 SF of space for lease.
    • Versatile space suitable for various business purposes (with town approval).
    • Rent includes taxes.
    • Includes one dedicated parking space.
    • Features hardwood floors, a separate office, and one bathroom.

    Overview

    Located in the center of the business district in Palisades Park, this approximately 1000 square foot office space is available for lease on the second floor. Currently used as a media business, the space can be used for various business purposes with town approval. Features include hardwood floors, a separate office, and one bathroom. The rental rate includes taxes and one parking space. The space offers a nice, airy feeling.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Koreatimes NJ Publishing House GIO Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisades Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9985
    Latitude
    40.8473

    Nearby Similar for Lease

    • $3,000/Mo
      550 SF

      Retail Space on Broad Avenue

      Prime retail space available for lease on Broad Avenue.
      118-126 Broad #N2-B, Palisades Park, NJ 07650
      View Details
    • $1,000/Mo
      300 SF

      Palisades Park Renovated Office Space

      Renovated office space available for rent in Palisades Park.
      227 Grand #C, Palisades Park, NJ 07650
      View Details
    • $2,500/Mo
      1,300 SF

      Palisades Park Office/Therapy Space

      1,300 sqft office space suitable for medical or office use.
      211 Broad #203, Palisades Park, NJ 07650
      View Details
    • $3,500/Mo

      Palisades Park Retail/Office Space

      Retail or office space in a vibrant mini-mall building.
      225 Broad #210, Palisades Park, NJ 07650
      View Details
    • $1,950/Mo

      Renovated Unit Near Grand Avenue

      Newly renovated unit in excellent location near major highways.
      29 Fairview #2B, Palisades Park, NJ 07650
      View Details
    • $3,500/Mo

      Palisades Park Retail/Office Space

      Retail or office space in a vibrant mini-mall building.
      225 BROAD AVE #210, Palisades Park, NJ 07650
      View Details
    • $4,500/Mo
      860 SF

      Renovated Retail Suite with Basement

      Retail space for rent with high traffic and exposure.
      256 Broad, Palisades Park, NJ 07650
      View Details
    • $3,000/Mo
      1,665 SF

      Palisades Park Office Suite

      Second floor office suite in prime Broad Avenue location.
      256 Broad #2nd FL, Palisades Park, NJ 07650
      View Details
    • $10,000/Mo
      3,000 SF

      Palisades Park Restaurant Space Available

      Restaurant space for lease in Palisades Park with parking.
      234 Broad, Palisades Park, NJ 07650
      View Details
    • $4,250/Mo

      Office Space with Utilities Included

      Office space available with utilities and parking included.
      25 Broad #2fl, Palisades Park, NJ 07650
      View Details
    • $2,500/Mo

      Professional Office Space For Rent

      Conveniently located professional office space, previously a medical office.
      55 Broad, Palisades Park, NJ 07650
      View Details
    • $1,850/Mo

      Retail Space in Palisades Park

      Retail space for rent in a prime Palisades Park location.
      14 Brinkerhoff, Palisades Park, NJ 07650
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in Palisades Park business district.
    Where is this office units located?
    The property is located at 253 Broad #2nd FL Palisades Park, NJ.
    What is the lease rate?
    The lease rate is $2,150 /Mo.
    What are key features of this property?
    This property features: Prime location in the center of the Palisades Park business district.; Approximately 1000 SF of space for lease.; Versatile space suitable for various business purposes (with town approval).
    (201) 944-4949
    We can help!
    Listing Contact
    HANNAH MCLAUGHLIN
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    253 Broad #2nd FL, Palisades Park, NJ 07650
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!