Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    44 Godwin Ave, Unit 301 Midland Park, NJ 07432

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,600 /Mo

    Customizable office space in downtown Midland Park with excellent accessibility.

    Property Features for 44 Godwin Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Lorrie Dezerga
    Source: Corcoran

    Listing Agency: PRISTINE HOMES AND ESTATES, INC. Listing Agent: Lorrie Dezerga

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Midland Park Customizable Office Space

    Located in the heart of downtown Midland Park, this customizable office space offers creative solutions with hassle-free accessibility. The property is situated in a three-story mid-rise building that houses various medical suites and professionals. Elevator service to the third floor, two extra-wide staircases, and handicap accessibility are available. The space offers approximately 2,400 square feet of customizable office space, including a waiting area, reception area, custom file closets, multiple private offices/exam rooms, multiple bathrooms, and common areas. The professional office building provides excellent visibility and is an attractive destination with close proximity to mass transit, dining, retail, and service businesses. The location offers a steady stream of potential clients. The space is suitable for medical, dental, accounting, or legal practices. Ample parking is available for clients and employees, and the grounds are professionally landscaped.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.13663
    Latitude
    40.9841641

    Nearby Similar for Lease

    • $8,000 /Mo
      8,489 SF

      Spacious Industrial Building For Lease

      Two-story industrial building with loading dock, suitable for various businesses.
      189 Greenwood Ave, Midland Park, NJ 07432
      View Details
    • $3,500 /Mo

      Retail Space in Midland Park

      Retail space available for rent in a good location.
      21 Van Blarcom Ave, Midland Park, NJ 07432
      View Details
    • $3,600 /Mo

      Midland Park Customizable Office Space

      Customizable office space in a well-located, accessible professional building.
      44 Godwin Ave, Midland Park, NJ 07432
      View Details
    • $8,000 /Mo
      8,489 SF

      Spacious Industrial Building For Rent

      Two-story industrial building with loading dock and flexible space.
      189 Greenwood Ave, Midland Park, NJ 07432
      View Details
    • Contact for pricing

      Midland Park Open Garage Space

      Open garage space near major routes, suitable for various uses.
      11 Birch St, Midland Park, NJ 07432
      View Details
    • $4,500 /Mo

      Retail Space in Midland Park

      1,716 sq ft retail space in a good location.
      21 Van Blarcom Ave, Midland Park, NJ 07432
      View Details
    • $3,500 /Mo

      Retail Space in Midland Park

      1,343 sq ft retail space with parking.
      21 Van Blarcom Ave, Midland Park, NJ 07432
      View Details
    • Contact for pricing

      Midland Park Office Space Available

      1,440 sq ft office space in a good location.
      21 Van Blarcom Ave, Midland Park, NJ 07432
      View Details
    • Contact for pricing
      22,888 SF

      Midland Park Retail Space For Lease

      Prime Bergen County retail space, multiple units available.
      80 Godwin Ave, Midland Park, NJ 07432
      View Details
    • Contact for pricing
      129,391 SF

      Midland Park Retail Center Investment

      Prime Bergen County retail space available.
      85 Godwin Ave, Midland Park, NJ 07432
      View Details

    FAQs

    What type of property is this?
    Office units - Customizable office space in downtown Midland Park with excellent accessibility.
    Where is this office units located?
    The property is located at 44 Godwin Ave, Unit 301 Midland Park, NJ.
    What is the lease rate?
    The lease rate is $3,600 /Mo.
    What are key features of this property?
    This property features: - Prime downtown Midland Park location with excellent visibility and accessibility.; - Approximately 2,400 square feet of customizable office space.; - Handicap accessible with elevator service to the third floor.
    (201) 385-0100
    Request Owner's contact information
    44 Godwin Ave, Unit 301 Midland Park, NJ 07432
    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.
    44 Godwin Ave, Unit 301
    Midland Park, NJ 07432
    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
    44 Godwin Ave, Unit 301 Midland Park, NJ 07432
    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

    We can help!
    Listing Contact
    Lorrie Dezerga
    (201) 385-0100 (201) 538-0430
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!