Building Details

Building Size 2,795 SF

Year Built 1950

Listing Agency: Coldwell Banker, Ringwood

Listed By: BARBARA PAGELLA Show Phone

Source: Evrealestate

Added: Oct 16 Changed: Oct 26 Last Checked: Oct 24 at 5:15PM

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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 Coldwell Banker, Ringwood

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Investment Insights

Based on property information with market context.

This storefront property dates to 1950 and includes a full basement with walk-out access. Electric and natural gas are listed among the building's features.

The property is at 54 Wanaque Ave in Pompton Lakes Borough, Passaic County. Access directions reference Wanaque Avenue from Ringwood Avenue or Hamburg Turnpike. Its zoning designation is Comm/Mixed.

Key Highlights

• Full basement with walk‑out access
• Electric and natural gas
• Built in 1950

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,894

Cap Rate

6.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$797,880 $797.9K

Cap Rate 7%

$569,914 $569.9K

Cap Rate 9%

$443,267 $443.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,795 SF

Gross rent

$60.4K $21.60/SF

− Vacancy

−$3.4K −$1.21/SF

EGI

$57.0K $20.39/SF

− OpEx

−$17.1K −$6.12/SF

NOI

$39.9K $14.27/SF

Area

Passaic County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$797,880

Cap Rate 7%

$569,914

Cap Rate 9%

$443,267

Alternative Uses

Best Use

Retail

$569.9K

$498.7K – $664.9K (±1% cap)

NOI $39,894 @ 7.0% cap · market cap 6.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$729.8K

$638.6K – $851.5K (±1% cap)

NOI $51,088 @ 7.0% cap · market cap 8.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Pharmacy Carpet & Flooring Store Barber Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

925

Businesses Nearby

96k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Shops & Services 25% Groceries 22% Beauty & Spa 9%

Starbucks Dining

22,677 visits/mo 0.1 miles

Lidl Groceries

20,756 visits/mo 0.2 miles

Wendy's Dining

18,361 visits/mo 0.2 miles

The Paper Store Shops & Services

9,201 visits/mo 0.2 miles

TD Bank Shops & Services

8,119 visits/mo 0.2 miles

Demographics for 07442, NJ

11,101

Population

4,235

Households

2.6

Avg Household Size

41

Median Age

41%

College-Educated

95%

High-School Grad

2.9 sq mi

ZIP Area

3,828

Density / Sq Mi

$119,038

Median Household Income

$71,355

Median Earnings

$1,822

Median Rent

$411,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial/mixed zoning and walk-out basement access support the property's storefront configuration.

Where is this storefront property located?

The property is located at 54 Wanaque Ave Pompton Lakes, NJ.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Full basement with walk‑out access; Electric and natural gas; Built in 1950