Office Unit with Strip Mall
For Sale
Contact for pricing
311 Crooks Ave, Paterson, NJ 07503
Office unit in a strip mall with private parking and signage opportunities.
Property Size1,100 SF
Price / SF$2.14
Days on Market48
Property Features for 311 Crooks Ave
General Information
Standard status
Active
Size
1,100 SF
Amenities
signage opportunities
Listing Agency:
EXP REALTY, LLC
Listed By:
CARLIE CARREIRA · License #0454535
(866) 201-6210
Source:
Luminancerealty
Added: Sep 5
Changed: Oct 3
Last Checked: Oct 21 at 1:48AM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This 1,100-square-foot office unit is located within a strip mall at 311 Crooks Ave in Paterson City, New Jersey. The space is positioned for professional or administrative use and provides signage opportunities along a commercial corridor with both pedestrian and vehicle activity.
A private parking lot serves strip mall tenants and their clients, supporting convenient access to the office. The property combines a dedicated office setting with shared retail-center parking and exposure to ongoing commercial traffic.
A private parking lot serves strip mall tenants and their clients, supporting convenient access to the office. The property combines a dedicated office setting with shared retail-center parking and exposure to ongoing commercial traffic.
Key Highlights
- 1,100 sq ft office unit
- Located within a busy strip mall
- Exposure to both foot and vehicle traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,600
$336.6K
Cap Rate 7%
$240,429
$240.4K
Cap Rate 9%
$187,000
$187.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$10.6K −$9.60/SF
EGI
$22.4K $20.40/SF
− OpEx
−$5.6K −$5.10/SF
NOI
$16.8K $15.30/SF
Area
Paterson, 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 Rate 5%
$336,600
Cap Rate 7%
$240,429
Cap Rate 9%
$187,000
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 716.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 855.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
Explore this area
Business Placement
Demographics for 07503, NJ
19,893
Population
6,560
Households
3
Avg Household Size
35
Median Age
15%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
13,262
Density / Sq Mi
$60,295
Median Household Income
$35,611
Median Earnings
$1,605
Median Rent
$314,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit in a strip mall with private parking and signage opportunities.
Where is this office unit located?
The property is located at 311 Crooks Ave Paterson, NJ.
What are key features of this property?
This property features: 1,100 sq ft office unit; Located within a busy strip mall; Exposure to both foot and vehicle traffic
