Vacant Bank Branch with
For Sale
Contact for pricing
418 Belmont Ave, Haledon, NJ 07508
Vacant banking facility offers two drive-through lanes and multiple access points.
Property Size3,418 SF
Price / SF$204.80
Days on Market206
Property Features for 418 Belmont Ave
General Information
Standard status
Active
Size
3,418 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Road Access
Yes
Listing Agency:
RIPCO Real Estate - New Jersey
(732) 768-9898
Listed By:
Steven Winters
(732) 768-9898
Source:
Moodyscre
Added: Feb 6
Changed: Aug 30
Last Checked: Aug 30 at 2:20AM
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 RIPCO Real Estate - New Jersey
Investment Insights
Based on property information with market context.
The vacant 3,418-square-foot property was previously used as a bank branch and includes two drive-through lanes, including one configured for ATM service. The site is subject to a five-year restriction on banking and financial uses.
Located at 418 Belmont Ave in Haledon, New Jersey, the property provides one right-in/right-out access point from Belmont Avenue and full access from Kossuth Street. Frontage measures 146 feet along Belmont Avenue and 150 feet along Kossuth Street, giving the site substantial street exposure. The combination of drive-through infrastructure, dedicated ATM capability, and multiple access points supports continued consideration for commercial reuse, subject to the stated use restriction.
Located at 418 Belmont Ave in Haledon, New Jersey, the property provides one right-in/right-out access point from Belmont Avenue and full access from Kossuth Street. Frontage measures 146 feet along Belmont Avenue and 150 feet along Kossuth Street, giving the site substantial street exposure. The combination of drive-through infrastructure, dedicated ATM capability, and multiple access points supports continued consideration for commercial reuse, subject to the stated use restriction.
Key Highlights
- 3,418‑square‑foot vacant former bank branch
- Two drive‑through lanes, including one ATM lane
- 146 feet of frontage along Belmont Avenue
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
$52,271
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
7.47%
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%
$1,045,420
$1.0M
Cap Rate 7%
$746,729
$746.7K
Cap Rate 9%
$580,789
$580.8K
Market Conditions
NOI Build-Up for 3,418 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
$73.8K $21.60/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$69.7K $20.39/SF
− OpEx
−$17.4K −$5.10/SF
NOI
$52.3K $15.29/SF
Area
Passaic County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$1,045,420
Cap Rate 7%
$746,729
Cap Rate 9%
$580,789
Alternative Uses
Best Use
Specialty Retail
$746.7K
$653.4K – $871.2K
NOI $52,271 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$696.9K
$609.8K – $813.1K
NOI $48,786 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$892.5K
$781.0K – $1.04M
NOI $62,476 @ 7.0% cap · market cap 8.93%
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
877
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Popeyes Louisiana Kitchen
Dining
11,447 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,770 visits/mo
0.3 miles
Burger King
Dining
7,341 visits/mo
0.5 miles
Exxon
Shops & Services
6,554 visits/mo
0.2 miles
TD Bank
Shops & Services
6,318 visits/mo
0.1 miles
Demographics for 07508, NJ
23,959
Population
8,608
Households
2.8
Avg Household Size
39
Median Age
30%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
4,792
Density / Sq Mi
$94,611
Median Household Income
$47,295
Median Earnings
$1,749
Median Rent
$444,600
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?
Bank - Vacant banking facility offers two drive-through lanes and multiple access points.
Where is this bank located?
The property is located at 418 Belmont Ave Haledon, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,418‑square‑foot vacant former bank branch; Two drive‑through lanes, including one ATM lane; 146 feet of frontage along Belmont Avenue
