Corner Retail Business with
For Sale
Contact for pricing
637 Clifton Boulevard, Clifton, NJ 07013
Established retail business on a prominent corner with exclusive driveway parking and included signage, fixtures, and inventory.
Property Size800 SF
Price / SF$162.50
Days on Market53
Property Features for 637 Clifton Boulevard
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
4
Property subtype
Retail, Business for Sale
Zoning
RETAIL
Occupancy
100%
Lease Type
Net
Investment Type
Owner/User
Net Operating Income
$94,000
Financials
Asking Price
$150,000
Business Included
Yes
Additional Details
Corner Location
Yes
Amenities
full/partial basement
exclusive driveway parking
Building Details
Year Renovated
2020
Units
1
Tenancy
Single
Listing Agency:
Better Homes and Gardens Real Estate Elite
Listed By:
Jazmine Clausen-Soir · License #NJ 1750907
(908) 316-8530
Source:
Crexi
Added: Jul 23
Changed: Sep 8
Last Checked: Sep 12 at 3:26AM
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 Better Homes and Gardens Real Estate Elite
Investment Insights
Based on property information with market context.
This for-sale retail opportunity is offered as an established business and sale includes trade fixtures, equipment, furnishings, inventory, leasehold interest, and signage. The setup also features a full/partial basement and exclusive driveway parking, with business hours from 9:00 AM to 9:00 PM.
Located at 637 Clifton Boulevard in Clifton, NJ, the business occupies a prominent corner along one of Clifton’s main commercial corridors, designed to benefit from strong street visibility and steady pedestrian and vehicle traffic. The property is positioned for convenient access to nearby residential neighborhoods, shopping centers, public transportation, major roadways, and surrounding development.
According to the owner, the business generates approximately $432,000 in annual gross operating income with approximately $180,000 in operating expenses, resulting in approximately $252,000 in net operating income. Financial information is available to qualified buyers.
Located at 637 Clifton Boulevard in Clifton, NJ, the business occupies a prominent corner along one of Clifton’s main commercial corridors, designed to benefit from strong street visibility and steady pedestrian and vehicle traffic. The property is positioned for convenient access to nearby residential neighborhoods, shopping centers, public transportation, major roadways, and surrounding development.
According to the owner, the business generates approximately $432,000 in annual gross operating income with approximately $180,000 in operating expenses, resulting in approximately $252,000 in net operating income. Financial information is available to qualified buyers.
Key Highlights
- Established business at 673 Clifton Ave, Clifton, NJ on a prominent corner along a main commercial corridor.
- Includes trade fixtures, equipment, furnishings, inventory, leasehold interest, and signage.
- Full/partial basement plus exclusive driveway parking.
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
$11,419
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
8.78%
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%
$228,380
$228.4K
Cap Rate 7%
$163,129
$163.1K
Cap Rate 9%
$126,878
$126.9K
Market Conditions
NOI Build-Up for 800 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
$17.3K $21.60/SF
− Vacancy
−$968 −$1.21/SF
EGI
$16.3K $20.39/SF
− OpEx
−$4.9K −$6.12/SF
NOI
$11.4K $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 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%
$228,380
Cap Rate 7%
$163,129
Cap Rate 9%
$126,878
Alternative Uses
Best Use
Retail
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 33%
Home Improvements & Furnishings 1%
Dunkin' Donuts
Dining
15,219 visits/mo
0.2 miles
Chase Bank
Shops & Services
11,339 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,084 visits/mo
0.3 miles
Shell
Shops & Services
5,009 visits/mo
0.4 miles
PNC Bank
Shops & Services
3,885 visits/mo
0.5 miles
Demographics for 07013, NJ
28,843
Population
12,005
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
6,555
Density / Sq Mi
$119,291
Median Household Income
$59,413
Median Earnings
$1,696
Median Rent
$462,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established retail business on a prominent corner with exclusive driveway parking and included signage, fixtures, and inventory.
Where is this retail space located?
The property is located at 637 Clifton Boulevard Clifton, NJ.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Established business at 673 Clifton Ave, Clifton, NJ on a prominent corner along a main commercial corridor.; Includes trade fixtures, equipment, furnishings, inventory, leasehold interest, and signage.; Full/partial basement plus exclusive driveway parking.
