Hillsdale Commercial Building For
For Sale
$3,000,000
50 Broadway, Hillsdale, NJ 07642
6,724 SF commercial building with high visibility and parking.
Property Size6,724 SF
Lot Size0.70 Acres
Price / SF$446.16
Days on Market274
Property Features for 50 Broadway
General Information
Standard status
Active
Size
6,724 SF
Lot size
0.70 Acres
Property subtype
Commercial
Listing Agency:
Berkshire Hathaway Home Services Abbott Realtors
(201) 857-8777
Listed By:
Brian Lacey () · License #NJ 0567058
(201) 310-9846
Source:
Fortuneluxuryrealty
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 26 at 3:30PM
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 Berkshire Hathaway Home Services Abbott Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained 6,724 square foot single-story commercial building is available for sale. It presents an excellent value-add investment opportunity for an owner-user. Currently, 60% of the building is leased to a tenant, generating $180,000 annually under a newly signed 5-year lease. The remaining 2,600 square feet is in excellent condition, suitable for an owner-user or a new tenant. Constructed of steel, the building allows for the addition of more floors. The property benefits from high visibility, situated directly on a county road with an approximate daily traffic count of 10,000 vehicles. Located on a 0.7-acre lot, the property is two blocks from the bus and train station, as well as downtown amenities. It includes a partial basement and 46 parking spaces. The location is ideal for medical, dental, eyecare, attorney, mortgage/title companies, financial services, or retail businesses.
Key Highlights
- Excellent value‑add investment opportunity: existing tenant leases 60% of the building for $180,000/year on a newly signed 5‑year lease.
- Remaining 2,600 SF is in excellent condition and ready for immediate occupancy.
- High visibility location directly on a county road with approximately 10,000 vehicles per day.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,877
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,057,540
$2.1M
Cap Rate 7%
$1,469,671
$1.5M
Cap Rate 9%
$1,143,078
$1.1M
Market Conditions
NOI Build-Up for 6,724 SF
Gross rent
$201.7K $30.00/SF
− Vacancy
−$64.6K −$9.60/SF
EGI
$137.2K $20.40/SF
− OpEx
−$34.3K −$5.10/SF
NOI
$102.9K $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%
$2,057,540
Cap Rate 7%
$1,469,671
Cap Rate 9%
$1,143,078
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.71M
NOI $102,877 @ 7.0% cap · market cap 3.43%
Second Best
Healthcare Medical
$1.43M
$1.25M – $1.67M
NOI $100,118 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,904 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 07642, NJ
10,143
Population
3,479
Households
2.9
Avg Household Size
44
Median Age
62%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
3,498
Density / Sq Mi
$169,862
Median Household Income
$69,250
Median Earnings
$1,720
Median Rent
$656,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - 6,724 SF commercial building with high visibility and parking.
Where is this office building located?
The property is located at 50 Broadway Hillsdale, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Excellent value‑add investment opportunity: existing tenant leases 60% of the building for $180,000/year on a newly signed 5‑year lease.; Remaining 2,600 SF is in excellent condition and ready for immediate occupancy.; High visibility location directly on a county road with approximately 10,000 vehicles per day.
