One-Level Retail Space with
For Sale
$875,000
266 Palisade Avenue, Cliffside Park, NJ 07010
Street-facing main-floor open layout includes a back room with a full kitchen and basement storage.
Property Size2,500 SF
Price / SF$350
Days on Market267
Property Features for 266 Palisade Avenue
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Stories
1
Listing Agency:
CENTURY 21 CALABRESE REALTY
(201) 317-0197
Listed By:
Terrance Julien
(201) 317-0197
Source:
Xome
Added: Nov 13, 2025
Changed: Jul 10
Last Checked: Jun 14 at 1:56AM
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 CENTURY 21 CALABRESE REALTY
Investment Insights
Based on property information with market context.
This for-sale storefront property includes approximately 2,500 square feet of one-level, open retail space, with an additional back room built out with a full kitchen. A basement is also available for storage, supporting day-to-day operations and keeping the main area open and flexible. The site is currently operating as a martial arts studio, but the existing layout provides a practical foundation for a retail concept requiring a prepared-food or kitchen component.
The property sits on a buildable site with views of the NYC skyline and the Hudson River. It is described as being positioned for use on a main thoroughfare, supporting retail visibility and customer access.
For a buyer looking for a ground-up retail-ready footprint, the combination of an open main area, a dedicated back-of-house kitchen space, and basement storage can fit a range of retail establishments where preparation or service is part of the offering. The seller also indicates financing may be available to qualified buyers, and the Pintere/“side photo” is noted as a possibility of future construction, depending on what is pursued next.
The property sits on a buildable site with views of the NYC skyline and the Hudson River. It is described as being positioned for use on a main thoroughfare, supporting retail visibility and customer access.
For a buyer looking for a ground-up retail-ready footprint, the combination of an open main area, a dedicated back-of-house kitchen space, and basement storage can fit a range of retail establishments where preparation or service is part of the offering. The seller also indicates financing may be available to qualified buyers, and the Pintere/“side photo” is noted as a possibility of future construction, depending on what is pursued next.
Key Highlights
- Buildable site with views of NYC and the Hudson River
- Approximately 2,500 SF one‑level open layout currently used as a martial arts studio
- Back room includes a full kitchen, with additional basement space for storage
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
$35,683
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
4.08%
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%
$713,660
$713.7K
Cap Rate 7%
$509,757
$509.8K
Cap Rate 9%
$396,478
$396.5K
Market Conditions
NOI Build-Up for 2,500 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
$54.0K $21.60/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$51.0K $20.39/SF
− OpEx
−$15.3K −$6.12/SF
NOI
$35.7K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$713,660
Cap Rate 7%
$509,757
Cap Rate 9%
$396,478
Alternative Uses
Best Use
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
119k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 36%
Dining 10%
Home Improvements & Furnishings 4%
Food Bazaar Supermarket
Groceries
57,157 visits/mo
0.1 miles
Chase Bank
Shops & Services
10,248 visits/mo
0.5 miles
BP
Shops & Services
10,181 visits/mo
0.3 miles
Sunoco
Shops & Services
10,041 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,513 visits/mo
0.2 miles
Demographics for 07010, NJ
25,721
Population
11,223
Households
2.3
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
25,721
Density / Sq Mi
$94,960
Median Household Income
$55,625
Median Earnings
$1,783
Median Rent
$577,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Street-facing main-floor open layout includes a back room with a full kitchen and basement storage.
Where is this storefront property located?
The property is located at 266 Palisade Avenue Cliffside Park, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Buildable site with views of NYC and the Hudson River; Approximately 2,500 SF one‑level open layout currently used as a martial arts studio; Back room includes a full kitchen, with additional basement space for storage
