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    Reimagined Commercial Property with Upgrades Title is generated by Realmo AI

    49 E Passaic St, Rochelle Park, NJ 07662

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    Claim this Listing
    New
    For Sale
    $2,300,000

    Commercial - Rochelle Park Twp., NJ

    Property size:
    40,046 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $57/SF
    Added:
    May 26, 2026
    Days on Market:
    1
    Last Refresh:
    May 26 at 8:06 pm

    Property Features for 49 E Passaic St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    40,046 SF
    Lot size
    0.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17369

    Utilities

    Heating system
    Forced Air, See Remarks (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1877
    Floors in Building
    3
    Flooring type
    Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    ALEKSANDR PRITSKER
    ALEKSANDR PRITSKER

    Listing agent ALEKSANDR PRITSKER

    Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ

    Listing date May 26, 2026

    MLS# 4029906 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location ideal for various commercial uses (offices, restaurant, hotel, venue).
    • Extensive recent upgrades including new HVAC, plumbing, wiring, windows, and lighting.
    • Ample parking with approximately 20 spaces, a detached two‑car garage, and a two‑story barn.
    • Historic building with preserved original features like moldings, hardwood floors, and chandeliers.
    • Newly renovated kitchen with granite finishes and new appliances.
    • Flexible third‑floor open‑concept layout suitable for collaborative workspaces or executive use.

    Overview

    This commercial property has been completely reimagined with extensive upgrades, preserving its original character. Positioned on a hill with high visibility, the historic building is suitable for professional offices, executive suites, a restaurant, boutique hotel, event venue, or destination property. The building is located minutes from the Garden State Parkway and Westfield Garden State Plaza. It features a new two-zone HVAC system, new plumbing with a new sewer pump, CAT6 wiring, new windows, and LED recessed lighting. The interior includes original moldings, refinished hardwood floors, elegant wainscoting, and Cornelius and Baker chandeliers. The first floor features an exposed brick fireplace and a new kitchen with granite finishes and new appliances. The third floor offers an open-concept layout with new tile flooring, suitable for collaborative office space, creative studios, or executive use. Arbor Vitae line the perimeter, and there are approximately 20 parking spaces, a detached two-car garage, and an additional two-story barn for storage, operations, or expansion. The lot size is 0.94 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Rochelle Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0716
    Latitude
    40.90852

    Nearby Similar for Sale

    • $2,300,000
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      Historic Building with Modern Upgrades

      Reimagined commercial property with high visibility and flexible potential.
      49 E Passaic Street, Rochelle Park, NJ 07662
      View Details
    • $1,400,000

      Rochelle Park Office Building For Sale

      Two-story, 10,000 sqft office building near Garden State Plaza.
      18 Overlook, Rochelle Park, NJ 07662
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      11,720 SF

      Industrial Property Near Major Routes

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    • $395,000

      Rochelle Park Home Near Park

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    FAQs

    What type of property is this?
    Office building - Historic building with modern upgrades suitable for various commercial uses.
    Where is this office building located?
    The property is located at 49 E Passaic St Rochelle Park, NJ.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: High‑visibility location ideal for various commercial uses (offices, restaurant, hotel, venue).; Extensive recent upgrades including new HVAC, plumbing, wiring, windows, and lighting.; Ample parking with approximately 20 spaces, a detached two‑car garage, and a two‑story barn.
    (866) 201-6210
    We can help!
    Listing Contact
    ALEKSANDR PRITSKER
    ALEKSANDR PRITSKER
    Real Estate License ID: 1008359
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    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
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