Mixed-Use Property with
For Sale
$745,000
507 Market St #507, Saddle Brook, NJ 07663
The property pairs a restaurant storefront and basement work areas with a two-level apartment and detached garage.
Property Size4,182 SF
Price / SF$178.14
Days on Market37
Property Features for 507 Market St #507
General Information
Standard status
Active
Size
4,182 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
4A
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,182 SF
Year Built
1929
Buildings
2
Stories
2
Units
2
Listing Agency:
Real
Listed By:
Jessica Rojas
(973) 607-2001
Source:
Cammarotarealestate
Added: Sep 16
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Real
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Investment Insights
Based on property information with market context.
This mixed-use property at 507 Market St. combines a restaurant storefront with a residential apartment. The commercial space has wall A/C and basement access; the basement includes a kitchen, walk-in freezer, bathroom, and additional space. The apartment’s first floor contains a living room, dining room, and kitchen, while the second floor has three bedrooms and a full bath. A detached two-car garage is also part of the property. The furnace is approximately five years old, and the hot water heater is a few years old. Built in 1929, the property is zoned 4A.
The property is in a strip mall setting on Market Street in Saddle Brook, near major highways, public transportation, shopping, dining, and everyday conveniences.
The property is in a strip mall setting on Market Street in Saddle Brook, near major highways, public transportation, shopping, dining, and everyday conveniences.
Key Highlights
- Mixed‑use building with a restaurant storefront and residential apartment
- Apartment includes three bedrooms and a full bath on the second floor
- Basement contains a kitchen, walk‑in freezer, bathroom, and additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,311
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,220
$1.3M
Cap Rate 7%
$918,729
$918.7K
Cap Rate 9%
$714,567
$714.6K
Market Conditions
NOI Build-Up for 4,182 SF
Gross rent
$125.5K $30.00/SF
− Vacancy
−$8.5K −$2.04/SF
EGI
$116.9K $27.96/SF
− OpEx
−$52.6K −$12.58/SF
NOI
$64.3K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,220
Cap Rate 7%
$918,729
Cap Rate 9%
$714,567
Alternative Uses
Best Use
Apartment 5plus
$918.7K
$803.9K – $1.07M
NOI $64,311 @ 7.0% cap · market cap 8.63%
Second Best
Specialty Retail
$913.6K
$799.4K – $1.07M
NOI $63,954 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.09M
$955.5K – $1.27M
NOI $76,440 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 24%
Groceries 13%
Hotels & Casinos 6%
ACME Markets
Groceries
27,976 visits/mo
0.4 miles
Starbucks
Dining
21,630 visits/mo
0.2 miles
Dollar General
Shops & Services
18,658 visits/mo
0.1 miles
Taco Bell
Dining
18,474 visits/mo
0.2 miles
Hibachi Grill & Supreme Buffet
Dining
14,991 visits/mo
0.5 miles
Demographics for 07663, NJ
14,294
Population
5,457
Households
2.6
Avg Household Size
43
Median Age
36%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
5,294
Density / Sq Mi
$125,935
Median Household Income
$60,112
Median Earnings
$2,018
Median Rent
$473,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a restaurant storefront and basement work areas with a two-level apartment and detached garage.
Where is this mixed-use property located?
The property is located at 507 Market St #507 Saddle Brook, NJ.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Mixed‑use building with a restaurant storefront and residential apartment; Apartment includes three bedrooms and a full bath on the second floor; Basement contains a kitchen, walk‑in freezer, bathroom, and additional space
