Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    553 Broadway Westwood, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding retail space with drive-thru in Westwood, NJ.

    Type:RETAIL
    Property size:
    2,980 SF
    Lot size:
    0.50 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    239
    Last Refresh:
    Mar 29 at 10:54 pm

    Property Features for 553 Broadway

    General Information

    Standard status
    Active
    Size
    2,980 SF
    Lot size
    0.50 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 553 Broadway Contact us

    We can help!

    Listing Contact
    Craig Parcells
    Craig Parcells

    Listing agent Craig Parcells License #1648648

    Listing office JLL | Parsippany

    Listing date Aug 6, 2025

    Source Moodyscre

    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 JLL | Parsippany

    Overview

    Freestanding Retail Space with Drive-Thru

    This freestanding retail space, formerly a Capital One bank, is available for lease in Westwood, New Jersey. The property includes a drive-thru. Situated on the corner of Irvington Street and Broadway, the location offers high visibility. The property is a 5-minute walk to the NJ Transit Westwood station. The property size is 2980 square feet and is suitable for banks, individual retail properties, retail properties, drive-through restaurants, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westwood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0338
    Latitude
    40.9929

    Nearby Similar for Lease

    • Contact for pricing

      Garage + Warehouse on Broadway

      3,000 SF 5-bay garage and warehouse for rent.
      661 Broadway, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Garage and Warehouse Space Available

      3,000 SF 5-Bay Garage + Warehouse for rent.
      661 Broadway, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Turnkey Dental Office Available

      Ready-to-go dental office with 6 operatories in Westwood, NJ.
      99 Kinderkamack #200, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Garage + Warehouse For Rent

      3,000 SF 5-Bay Garage + Warehouse for rent.
      661 Broadway, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Functional Office Space in Westwood

      Office space with private rooms, kitchenette, and full bathroom.
      583 Broadway, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Prime Retail Space Available

      High-visibility retail space with convenient parking and included amenities.
      53 Kinderkamack, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Westwood Avenue Office Space

      Bright office space in Westwood's vibrant business district.
      133 Westwood #B, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Garage and Warehouse Space Available

      3,000 SF garage and warehouse with ample parking.
      665 Broadway, Westwood, NJ
      View Details
    • Contact for pricing

      Westwood Office Suite for Rent

      Commercial office suite in Westwood, close to shops and restaurants.
      245 Kinderkamack Road, Westwood Boro, NJ 07675
      View Details

    FAQs

    What type of property is this?
    Bank - Freestanding retail space with drive-thru in Westwood, NJ.
    Where is this bank located?
    The property is located at 553 Broadway Westwood, NJ.
    What are key features of this property?
    This property features: High visibility corner location on Irvington Street and Broadway; Freestanding retail space with drive‑thru; 5‑minute walk to NJ Transit Westwood station
    (973) 829-4800
    We can help!
    Listing Contact
    Craig Parcells
    Craig Parcells
    Real Estate License ID: 1648648
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!