Private-Room Office
For Sale
Contact for pricing
450 Commerce Boulevard A, Carlstadt, NJ 07072
The second-floor workspace has an elevator, shared common areas, and ample parking.
Property Size5,500 SF
Price / SF$0.00
Days on Market282
Property Features for 450 Commerce Boulevard A
General Information
Standard status
Active
Size
5,500 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
2nd floor
Listing Agency:
KNC Realty LLC
Listed By:
Ken Ghilho Choi · License #NJ2078479
(201) 424-0488
Source:
Tkregroupinc
Added: Jan 27
Changed: Nov 1
Last Checked: Nov 3 at 9:01AM
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 KNC Realty LLC
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Investment Insights
Based on property information with market context.
This second-floor office suite at 450 Commerce Boulevard A offers 5,500 square feet with multiple private rooms. Furniture may be provided, and the building has an elevator, shared common areas, and ample parking.
The space is offered as a sublease with a 2.5-year term; an extension may be possible.
The space is offered as a sublease with a 2.5-year term; an extension may be possible.
Key Highlights
- 5,500 square feet on the second floor
- Multiple private rooms; furniture may be provided
- Elevator access and shared common areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
$1.7M
Cap Rate 7%
$1,202,143
$1.2M
Cap Rate 9%
$935,000
$935.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$165.0K $30.00/SF
− Vacancy
−$52.8K −$9.60/SF
EGI
$112.2K $20.40/SF
− OpEx
−$28.1K −$5.10/SF
NOI
$84.2K $15.30/SF
Area
Bergen County, 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%
$1,683,000
Cap Rate 7%
$1,202,143
Cap Rate 9%
$935,000
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 442,894.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,531 @ 7.0% cap · market cap 529,110.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
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Business Placement
Demographics for 07072, NJ
6,372
Population
2,733
Households
2.3
Avg Household Size
42
Median Age
32%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
1,634
Density / Sq Mi
$94,854
Median Household Income
$49,563
Median Earnings
$1,503
Median Rent
$523,800
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 - The second-floor workspace has an elevator, shared common areas, and ample parking.
Where is this office unit located?
The property is located at 450 Commerce Boulevard A Carlstadt, NJ.
What are key features of this property?
This property features: 5,500 square feet on the second floor; Multiple private rooms; furniture may be provided; Elevator access and shared common areas
