Fair Lawn Multi-Tenant Office
For Sale
Contact for pricing
26-07 Broadway, Fair Lawn, NJ 07410
Multi-tenant office/commercial property in Fair Lawn, NJ for sale.
Property Size10,000 SF
Price / SF$337.50
Days on Market183
Property Features for 26-07 Broadway
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$68,175
Listing Agency:
Vera & Nechama Realty
Listed By:
Karen Seliger ()
(201) 692-3700
Source:
Ridgevalleyre
Added: Mar 5
Changed: Aug 31
Last Checked: Sep 4 at 7:09AM
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 Vera & Nechama Realty
Investment Insights
Based on property information with market context.
Located in Fair Lawn, New Jersey, 26-07 Broadway is a multi-tenant office and commercial property featuring over 10,000 square feet across two buildings. The property includes an on-site parking lot with approximately 40 spaces for tenants and visitors. It has upgraded HVAC, electrical, and plumbing systems, with most units featuring in-suite facilities. Suites range in size from 250 square feet to 1900 square feet, with flexible lease terms and signage opportunities. The property is well-suited for professional and medical users. Situated directly on Broadway, a main commercial corridor in Fair Lawn, the property offers excellent visibility and easy access to Route 4, Route 208, and the Garden State Parkway. Nearby amenities include Fair Lawn Commons, ShopRite of Fair Lawn, CVS, Starbucks, and a variety of restaurants and retail options along Broadway. The Fair Lawn Radburn and Broadway train stations are in close proximity, providing convenient NJ Transit service. The location provides easy access to surrounding communities such as Ridgewood, Paramus, Glen Rock, Elmwood Park, and Paterson.
Key Highlights
- Prime location on Broadway, a main commercial corridor in Fair Lawn, offering excellent visibility and accessibility.
- Ample on‑site parking with approximately 40 spaces.
- Upgraded HVAC, electrical, and plumbing systems, with in‑suite facilities in most units.
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
$153,000
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
4.53%
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%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 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
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 07410, NJ
34,927
Population
12,392
Households
2.8
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
6,848
Density / Sq Mi
$147,952
Median Household Income
$75,865
Median Earnings
$1,908
Median Rent
$532,700
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?
Office building - Multi-tenant office/commercial property in Fair Lawn, NJ for sale.
Where is this office building located?
The property is located at 26-07 Broadway Fair Lawn, NJ.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: Prime location on Broadway, a main commercial corridor in Fair Lawn, offering excellent visibility and accessibility.; Ample on‑site parking with approximately 40 spaces.; Upgraded HVAC, electrical, and plumbing systems, with in‑suite facilities in most units.
