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    45 Parker Ave Passaic, NJ 07055

    For Lease
    $875,000

    Turnkey, income-producing mixed-use property with commercial and residential units.

    Lot size:
    0.04 Acres

    Property Features for 45 Parker Ave

    General Information

    Standard status
    Active
    Lot size
    0.04 Acres

    Building Details

    Year built
    1940

    Source: KELLER WILLIAMS PARK VIEWS Agent MICHAEL WACHALA

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

    Overview

    Remodeled Mixed-Use Property For Rent

    This is a mixed-use property featuring one commercial and one residential unit. The building has been extensively upgraded throughout, with modern systems and finishes. All utilities are separately metered. The property is located in a high-demand area with access to major highways and is less than 30 minutes from NYC. The location offers proximity to public transportation, parks, retail, and houses of worship. The commercial tenant contributes 50% toward property taxes and insurance.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1210345
    Latitude
    40.8690722

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey, income-producing mixed-use property with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 45 Parker Ave Passaic, NJ.
    What are key features of this property?
    This property features: - Turnkey, remodeled, income-producing mixed-use property (commercial and residential units).; - High-demand location with excellent access to major highways and proximity to NYC (less than 30 minutes).; - Commercial tenant contributes 50% toward property taxes and insurance.
    (201) 939-0050
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    45 Parker Ave Passaic, NJ 07055
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    Passaic, NJ 07055
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    Realmo Value Estimation

    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.

    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.

    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
    45 Parker Ave Passaic, NJ 07055
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