Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Englewood Mixed-Use Property Near Hospital Title is generated by Realmo AI

    61 Glenwood, Englewood, NJ 07631

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,850,000

    Mixed-use property near Englewood Hospital, suitable for professional or residential.

    Property size:
    2,171 SF
    Price / SF:
    $1,312/SF
    Added:
    Mar 21, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 21 at 8:07 pm

    Property Features for 61 Glenwood

    General Information

    Standard status
    Active
    Size
    2,171 SF

    We can help!

    Listing Contact
    ELEEN GONG
    ELEEN GONG

    Listing agent ELEEN GONG

    Listing office KELLER WILLIAMS TOWN LIFE

    Listing date Mar 21, 2026

    Source Corcoran

    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 KELLER WILLIAMS TOWN LIFE

    HighLights

    • Grandfathered mixed‑use property directly across from Englewood Hospital in a desirable neighborhood.
    • Flexible space suitable for professional or residential use.
    • High visibility and easy access, ideal for businesses serving the hospital.
    • On‑site parking with approximately 12 spaces.
    • Stately Georgian Colonial style with historic charm, thoroughly renovated.
    • Tax advantages for interior changes to suit specific needs.

    Overview

    This mixed-use property, grandfathered in as such, is located directly across from Englewood Hospital in a desirable neighborhood. The stately Georgian Colonial style building, constructed in 1916, has been thoroughly renovated. It offers flexible space suitable for a variety of professional or residential uses, including medical offices, law firms, corporate offices, or a combination of rental residential and professional offices. The property offers high visibility and easy access from the hospital. The first floor provides approximately 2134 square feet of space, while the second floor offers approximately 2171 square feet. The top loft provides approximately 500 square feet. The unfinished basement offers abundant space, with approximately 1200 square feet. On-site parking accommodates approximately 12 vehicles on two sides of the building. The property features historic charm in an ideal location among other stately homes, close to buses, Englewood Field Club, shops, eateries, and houses of worship. Tax advantages may apply regarding interior changes made to suit specific needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shinji Lee MD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9679912
    Latitude
    40.9023319

    Nearby Similar for Sale

    • $1,099,000
      5,285 SF

      Englewood City Office Building For Sale

      14-unit office building in downtown Englewood City with parking.
      157 Engle St, Englewood City, NJ 07631-2508
      View Details
    • $999,999

      Renovated Multi-Family Home in Englewood

      Completely renovated two-family home, ideal for homeowners and investors.
      363 Marlboro Rd, Englewood City, NJ 07631-1415
      View Details
    • $995,000
      3,800 SF

      Renovated Duplex in Englewood City

      Fully renovated duplex with income potential near NYC transportation.
      285 - 287 West Palisades, Englewood City, NJ 07631-2139
      View Details
    • $1,099,000
      5,285 SF

      Englewood Office Building For Sale

      14-unit office building in Downtown Englewood with parking.
      157 Engle St, Englewood City, NJ 07631
      View Details
    • $439,000

      Englewood Art Deco Elevator Unit

      Art Deco gem with modern convenience near NYC transportation.
      100 Palisade Ave D45, Englewood, NJ 07631
      View Details
    • $150,000

      Equipped Restaurant Space For Sale

      Turnkey restaurant opportunity in thriving Englewood location.
      4 Palisade, Englewood, NJ 07631
      View Details
    • $1,100,000
      3,790 SF

      Englewood Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential income potential.
      227 W Englewood Ave, Englewood City, NJ 07631
      View Details
    • $799,000
      3,000 SF

      Corner Industrial Building For Sale

      Industrial building with ground level space and additional second floor.
      17 Grant, Englewood, NJ 07631
      View Details
    • $299,000

      Established Korean Restaurant For Sale

      Well-established Korean restaurant with loyal customer base for sale.
      562 Grand, Englewood, NJ 07631
      View Details
    • $1,800,000

      Englewood Commercial Building For Sale

      Well-maintained two-tenant commercial building in Englewood.
      191 Englewood, Englewood, NJ 07631
      View Details
    • $4,200,000
      15,900 SF

      15,900 SF Industrial Building For Sale OR For Lease

      15,900 SF industrial building in Englewood, NJ, available for sale/lease.
      210 South Van Brunt Street, Englewood, NJ 07631
      View Details
    • $3,100,000
      7,800 SF

      Englewood Professional/Medical Office Building

      Professional/Medical office building with ample parking and EV charging stations.
      535 Grand Ave, Englewood, NJ, 07631-4934
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near Englewood Hospital, suitable for professional or residential.
    Where is this mixed-use property located?
    The property is located at 61 Glenwood Englewood, NJ.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Grandfathered mixed‑use property directly across from Englewood Hospital in a desirable neighborhood.; Flexible space suitable for professional or residential use.; High visibility and easy access, ideal for businesses serving the hospital.
    (201) 894-8004
    We can help!
    Listing Contact
    ELEEN GONG
    ELEEN GONG
    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

    Thank You for Inquiry
    61 Glenwood, Englewood, NJ 07631
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!