Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property with Commercial Space Title is generated by Realmo AI

    283 Belmont Ave, Haledon, NJ 07508

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Mixed-use property featuring residential apartments and commercial space.

    Type:Commercial
    Property size:
    2,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $349/SF
    Added:
    Sep 9, 2025
    Days on Market:
    251
    Last Refresh:
    Apr 5 at 9:10 pm

    Property Features for 283 Belmont Ave

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    0.06 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    RYAN GWYNN

    Listing agent RYAN GWYNN

    Listing office KELLER WILLIAMS PARK VIEWS

    Listing date Sep 9, 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 KELLER WILLIAMS PARK VIEWS

    HighLights

    • Mixed‑use property with two residential apartments and a large commercial space
    • Commercial space delivered vacant, suitable for owner‑user or investor
    • Excellent visibility and convenience due to NJ Transit bus stop directly in front
    • Strong rental demand due to proximity to William Paterson University
    • Two residential apartments, each with 2 bedrooms and 1 bathroom
    • Commercial space includes backyard access and a half bath

    Overview

    This mixed-use property features two residential apartments, each with 2 bedrooms and 1 bathroom, situated above 2,000 square feet of commercial space. The commercial space includes a half bath and access to a backyard. The commercial space will be delivered vacant at closing, making it suitable for an owner-user or investor. A NJ Transit bus stop is located directly in front of the property, and it is located minutes from William Paterson University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Haledon
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1841
    Latitude
    40.9326

    Nearby Similar for Sale

    • $899,000

      Haledon Three-Family Home For Sale

      Well-maintained three-family home in Haledon with income potential.
      301 Burhans Avenue, Haledon, NJ 07508
      View Details
    • $624,900

      Updated Multi-Family Investment Opportunity

      Completely updated two-family property in Haledon Boro, New Jersey.
      19 Zabriskie Street, Haledon Boro, NJ 07508-1503
      View Details
    • $499,999
      1,882 SF

      Multi-Family in Prospect Park Boro

      Legal 2-family home with strong rental income potential.
      42 Brown Ave, Prospect Park Boro, NJ 07508-2048
      View Details
    • $580,000

      Prospect Park Multi-Family Property

      Multi-family property for sale in Prospect Park Boro, NJ.
      286 N 6Th St, Prospect Park Boro, NJ 07508-2104
      View Details
    • $589,999

      Two-Family Home in Prospect Park

      Two-family home with five bedrooms near schools and transportation.
      206 N 6Th St, Prospect Park Boro, NJ 07508-2025
      View Details
    • $599,900
      3,204 SF

      Mixed-Use Property with Commercial Space

      Mixed-use property featuring commercial space and residential unit.
      222 Haledon Ave, Prospect Park Boro, NJ 07508
      View Details
    • $820,000
      9,999 SF

      Mixed-Use Property Near University

      Income-producing property with restaurant and apartments near university.
      237 Haledon Ave, Haledon Boro, NJ 07508
      View Details
    • $599,900
      3,204 SF

      Mixed-Use Property with Commercial Space

      Mixed-use property featuring commercial space and residential unit.
      222 Haledon Ave, Prospect Park Boro, NJ 07508
      View Details
    • $450,000

      Multi-Level Townhouse with Finished Basement

      Spacious townhouse featuring a finished basement and multiple bathrooms.
      703 Skyline Dr, Haledon Boro, NJ 07508
      View Details
    • $749,000

      Charming Two-Family Home

      Two-family home with income potential in a great location.
      67 Sherwood Avenue, Haledon, NJ 07508
      View Details
    • $1,200,000
      2,049 SF

      Mixed-Use Building with Daycare

      Mixed-use building featuring a daycare and apartment.
      460 Haledon Ave, Haledon Boro, NJ 07508
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring residential apartments and commercial space.
    Where is this mixed-use property located?
    The property is located at 283 Belmont Ave Haledon, NJ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Mixed‑use property with two residential apartments and a large commercial space; Commercial space delivered vacant, suitable for owner‑user or investor; **Excellent visibility and convenience due to NJ Transit bus stop directly in front**
    (201) 939-0050
    We can help!
    Listing Contact
    RYAN GWYNN
    Learn More
    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
    283 Belmont Ave, Haledon Boro, NJ 07508
    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!