First-Floor Professional Office
For Sale
$185,000
504 HAMBURG TPKE Unit B102, Pompton Lakes, NJ 07470
Flexible workspace with private offices, meeting space, reception, kitchenette, and on-site parking.
Property Size1,000 SF
Price / SF$185
Days on Market146
Property Features for 504 HAMBURG TPKE Unit B102
General Information
Standard status
Active
Size
1,000 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
1
HOA Fee
$371
Taxes and HOA fees
Annual Taxes
$5,032
Amenities
Central Air
3
Fire Alarm
Office
Parking.
Lot.
COMMON ELEMENTS
Central Business District, Highway Access.
Building Details
Year Built
2000
Listing Agency:
KELLER WILLIAMS TEAM REALTY
(973) 920-0005
Listed By:
ALICIA ALARCON
(973) 920-0005
Source:
Xome
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 5:46AM
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 KELLER WILLIAMS TEAM REALTY
Investment Insights
Based on property information with market context.
This first-floor office unit at Wayne Commons combines an open work area with two private offices, a conference or board room, reception, and a waiting area. The suite also includes a private bathroom and kitchenette or breakroom, with modern finishes, durable flooring, central air, fire alarm protection, and abundant electrical outlets. High-speed internet capability supports professional operations, while secure access adds convenience for occupants and visitors.
The property is located at 504 Hamburg Turnpike, Unit B102, in Pompton Lakes, New Jersey. Highway access and public transportation are identified as nearby, and on-site parking is available. Constructed in 2000, the professionally managed office unit is suited to medical, legal, accounting, and similar professional uses.
The property is located at 504 Hamburg Turnpike, Unit B102, in Pompton Lakes, New Jersey. Highway access and public transportation are identified as nearby, and on-site parking is available. Constructed in 2000, the professionally managed office unit is suited to medical, legal, accounting, and similar professional uses.
Key Highlights
- First‑floor office unit at Wayne Commons
- Two private offices plus conference or board room
- Reception area with waiting space and open work area
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
$15,300
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
8.27%
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%
$306,000
$306.0K
Cap Rate 7%
$218,571
$218.6K
Cap Rate 9%
$170,000
$170.0K
Market Conditions
NOI Build-Up for 1,000 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
$30.0K $30.00/SF
− Vacancy
−$9.6K −$9.60/SF
EGI
$20.4K $20.40/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $15.30/SF
Area
Passaic 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 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%
$306,000
Cap Rate 7%
$218,571
Cap Rate 9%
$170,000
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 07470, NJ
55,284
Population
19,396
Households
2.9
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
23.9 sq mi
ZIP Area
2,313
Density / Sq Mi
$151,561
Median Household Income
$70,100
Median Earnings
$2,126
Median Rent
$596,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible workspace with private offices, meeting space, reception, kitchenette, and on-site parking.
Where is this office units located?
The property is located at 504 HAMBURG TPKE Unit B102 Pompton Lakes, NJ.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: First‑floor office unit at Wayne Commons; Two private offices plus conference or board room; Reception area with waiting space and open work area
