Retail Property with
509 Pompton Ave Cedar Grove, NJ 07009
509 Pompton Ave, Cedar Grove, NJ, 07009
$1,180,000
For Sale
$1,180,000
Retail property featuring a basement and parking.
Property Size5,158 SF
Lot Size0.16 Acres
Price / SF$228.77
Days on Market306
Property Features for 509 Pompton Ave
General Information
- Standard status
- Active
- Size
- 5,158 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing agency
RE/MAX TRUST PROPERTIES
(973) 773-4000
Listed by
SALIH OKDEMIR
Source
Corcoran
Added: Sep 19, 2025 Updated: Jul 6 at 10:00AM Checked: Jul 21 at 5:15AM
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 RE/MAX TRUST PROPERTIES
Investment Insights
Based on property information with market context.
This commercial property offers approximately 3,058 square feet of space, complemented by a 2,100-square-foot basement. The building includes two air conditioning units and two bathrooms. It also features six parking spaces located behind the building. This property is positioned as an investment opportunity.
Key Highlights
- Prime Location investment property
- Approximately 3058 SQ FT PLUS Basement of 2100 SF
- Enjoy the convenience of 6 parking spaces behind the building
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.4k | $21.60 |
| − Vacancy | −$6.2k | −$1.21 |
| EGI | $105.2k | $20.39 |
| − OpEx | −$31.6k | −$6.12 |
| NOI | $73.6k | $14.27 |
5,158 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$920.3K – $1.23M
NOI $73,622 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,280 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- CG Rain Florist — 466 Pompton Ave ste 1, Cedar Grove, NJ 07009
FAQs
What type of property is this?
Storefront property - Retail property featuring a basement and parking.
Where is this storefront property located?
The property is located at 509 Pompton Ave Cedar Grove, NJ.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Prime Location investment property; Approximately 3058 SQ FT PLUS Basement of 2100 SF; Enjoy the convenience of 6 parking spaces behind the building
