Mixed-Use Property with
For Sale
$999,999
572 Union Blvd, Totowa Boro, NJ 07512
Flexible commercial and residential configuration with an attached garage, finished basement, and fenced rear yard.
Property Size5,200 SF
Lot Size0.17 Acres
Price / SF$192.31
Days on Market15
Property Features for 572 Union Blvd
General Information
Standard status
Active
Size
5,200 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Amenities
full finished basement
attached garage
fenced backyard
Building Details
Year Built
1941
Listing Agency:
ELITE REALTORS OF NEW JERSEY
(973) 994-9009
Listed By:
DAVID SIMONETTI
Source:
Luminancerealty
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 3:52AM
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 ELITE REALTORS OF NEW JERSEY
Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 5,200 square feet of space across a commercial storefront, attached garage, second-floor retail or warehouse area, and a three-bedroom, 1.5-bath apartment. A finished basement adds further utility for storage or business operations. The layout may support retail, office, warehouse, contractor, or live/work applications, subject to municipal approvals.
The property occupies an approximately 60-by-125-foot lot with a fenced backyard that can accommodate additional parking, outdoor storage, or future expansion, subject to applicable approvals. Existing parking includes a front driveway, oversized garage, frontage parking, and street parking. Built in 1941, the property offers a combination of commercial workspace and residential accommodation within one adaptable building.
The property occupies an approximately 60-by-125-foot lot with a fenced backyard that can accommodate additional parking, outdoor storage, or future expansion, subject to applicable approvals. Existing parking includes a front driveway, oversized garage, frontage parking, and street parking. Built in 1941, the property offers a combination of commercial workspace and residential accommodation within one adaptable building.
Key Highlights
- Approximately 5,200 square feet of mixed‑use space
- Three‑bedroom, 1.5‑bath apartment
- Commercial storefront, second‑floor retail/warehouse area, and attached garage
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
$74,221
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
7.42%
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%
$1,484,420
$1.5M
Cap Rate 7%
$1,060,300
$1.1M
Cap Rate 9%
$824,678
$824.7K
Market Conditions
NOI Build-Up for 5,200 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
$112.3K $21.60/SF
− Vacancy
−$6.3K −$1.21/SF
EGI
$106.0K $20.39/SF
− OpEx
−$31.8K −$6.12/SF
NOI
$74.2K $14.27/SF
Area
Paterson, 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 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%
$1,484,420
Cap Rate 7%
$1,060,300
Cap Rate 9%
$824,678
Alternative Uses
Best Use
Retail
$1.06M
$927.8K – $1.24M
NOI $74,221 @ 7.0% cap · market cap 7.42%
Second Best
Warehouse
$1.03M
$897.4K – $1.20M
NOI $71,795 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,048 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 07512, NJ
11,042
Population
4,002
Households
2.8
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
4.0 sq mi
ZIP Area
2,761
Density / Sq Mi
$114,177
Median Household Income
$56,348
Median Earnings
$1,703
Median Rent
$507,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial and residential configuration with an attached garage, finished basement, and fenced rear yard.
Where is this mixed-use property located?
The property is located at 572 Union Blvd Totowa Boro, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 5,200 square feet of mixed‑use space; Three‑bedroom, 1.5‑bath apartment; Commercial storefront, second‑floor retail/warehouse area, and attached garage
