Two-Story Commercial Building For
For Sale
$849,000
452 Palisade, Cliffside Park, NJ 07010
Two-story commercial building with stable income stream in thriving location.
Property Size3,200 SF
Price / SF$265.31
Days on Market318
Property Features for 452 Palisade
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,925
Amenities
Gas Heating
Listing Agency:
CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP-FORT LEE
(201) 346-0200
Listed By:
SARA SHIN
Source:
Corcoran
Added: Oct 16, 2025
Changed: Aug 27
Last Checked: Aug 28 at 10:24AM
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 CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP-FORT LEE
Investment Insights
Based on property information with market context.
This two-story commercial building is located at the intersection of Edgewater Avenue and Palisade Ave. Each floor offers approximately 1,600 sq. ft. of versatile space, complemented by a high-ceiling basement that is slightly smaller than the main floors. The entire space is currently leased to a pet grooming store. The existing lease is a 5-year term, set to expire on June 30, 2028, providing a stable income stream.
Key Highlights
- Prime location at the intersection of Edgewater Avenue and Palisade Ave.
- Stable income stream from a successful pet grooming store.
- Existing 5‑year lease in place until June 30, 2028.
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
$45,674
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
5.38%
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%
$913,480
$913.5K
Cap Rate 7%
$652,486
$652.5K
Cap Rate 9%
$507,489
$507.5K
Market Conditions
NOI Build-Up for 3,200 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
$69.1K $21.60/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$65.2K $20.39/SF
− OpEx
−$19.6K −$6.12/SF
NOI
$45.7K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$913,480
Cap Rate 7%
$652,486
Cap Rate 9%
$507,489
Alternative Uses
Best Use
Retail
$652.5K
$570.9K – $761.2K
NOI $45,674 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.6K
$731.1K – $974.9K
NOI $58,491 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
119k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 36%
Dining 10%
Home Improvements & Furnishings 4%
Food Bazaar Supermarket
Groceries
57,157 visits/mo
0.1 miles
Chase Bank
Shops & Services
10,248 visits/mo
0.5 miles
BP
Shops & Services
10,181 visits/mo
0.3 miles
Sunoco
Shops & Services
10,041 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,513 visits/mo
0.2 miles
Demographics for 07010, NJ
25,721
Population
11,223
Households
2.3
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
25,721
Density / Sq Mi
$94,960
Median Household Income
$55,625
Median Earnings
$1,783
Median Rent
$577,200
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?
Storefront property - Two-story commercial building with stable income stream in thriving location.
Where is this storefront property located?
The property is located at 452 Palisade Cliffside Park, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Prime location at the intersection of Edgewater Avenue and Palisade Ave.; Stable income stream from a successful pet grooming store.; Existing 5‑year lease in place until June 30, 2028.
