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    Turn-Key First Floor Office Suite Title is generated by Realmo AI

    5 Muller Pl, Little Falls, NJ 07424

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    For Lease
    $2,800 /Mo

    Commercial - Little Falls Twp., NJ

    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 5 Muller Pl

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Mixed
    Rooms
    Basement
    Parking features
    Parking Lot
    Basement Y/N
    1
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8096

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    CHRISTOPHER LEOPIZZI

    Listing agent CHRISTOPHER LEOPIZZI

    Listing office LEOPIZZI REAL ESTATE AGENCY 974 MCBRIDE AVENUE, Woodland Park, NJ

    Listing date Jun 1, 2026

    MLS# 4031216 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

    • First‑floor office suite recently renovated with two private offices, a large conference room, and a welcoming reception area
    • Includes a kitchenette area, private bathroom, recessed lighting, and laminate flooring
    • Heating: baseboard and hot water; cooling: ductless system
    • Basement includes an unfinished area for additional storage
    • Dedicated parking for 5 vehicles in the on‑site parking lot
    • Built in 1959; located seconds from Main St in Little Falls and Rt 23

    Overview

    Completely updated and turn-key first-floor office space with a highly functional layout for professional use. The space includes two private offices, a large conference room, and a welcoming reception area, plus a convenient kitchenette area and a private bathroom. Finished touches include recessed lighting and sleek new flooring throughout. Additional utility comes from a spacious unfinished basement that can be used for supplementary storage.

    Located at 5 Muller Pl in Little Falls Twp., the property is only seconds away from Main St and Route 23. The parking lot provides five dedicated parking spaces for the building.

    This space is well-suited for an office-based operation looking to move in and begin working with minimal setup. The combination of private rooms, a dedicated conference space, and a reception area supports client-facing meetings and day-to-day workflow, while the kitchenette and private bath add practical convenience. With dedicated parking on-site and the unfinished basement for extra storage, the space is designed to accommodate both team needs and day-to-day operational requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Falls
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.24426
    Latitude
    40.88661

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    FAQs

    What type of property is this?
    Office units - Completely renovated first-floor office with private offices, conference room, reception, kitchenette, and dedicated parking.
    Where is this office units located?
    The property is located at 5 Muller Pl Little Falls, NJ.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: First‑floor office suite recently renovated with two private offices, a large conference room, and a welcoming reception area; Includes a kitchenette area, private bathroom, recessed lighting, and laminate flooring; Heating: baseboard and hot water; cooling: ductless system
    (973) 684-7171
    We can help!
    Listing Contact
    CHRISTOPHER LEOPIZZI
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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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    5 Muller Pl, Little Falls Twp., NJ 07424-1143
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