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

    658 Allwood Rd Clifton, NJ 07012

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo

    1500 sq ft basement office space in Salt Cavern Spa.

    Property Features for 658 Allwood Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jocelyn Russo
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Jocelyn Russo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Allwood Clifton Basement Office Space

    Located in the Allwood section of Clifton, this 1,500 sq ft basement-level space is available for lease within the Salt Cavern Spa. The unit includes a private bathroom and a dedicated office area. The layout can be subdivided. The location offers visibility and traffic from the spa upstairs, while providing a quiet setting. It is suited for low-noise uses such as professional offices, therapy, counseling, holistic services, or creative workspaces. This space is intended for businesses that complement wellness services. It offers an opportunity to establish a business in a Clifton location with client flow from a recognized spa.
    Location Intelligence

    Current Use by Public Records

    The Salt Cavern Gym & Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1636125
    Latitude
    40.8460986

    Nearby Similar for Lease

    • $2,700 /Mo

      Commercial Space in Clifton, NJ

      Well-kept commercial property suitable for offices, medical, or service businesses.
      1 Center St, Clifton, NJ 07011
      View Details
    • New
      $2,900 /Mo
      2,150 SF

      Clifton Mixed-Use Commercial Space

      Second-floor office and flex space with warehouse functionality for lease.
      15 Somerset Pl, Clifton, NJ 07012
      View Details
    • $2,850 /Mo
      2,614 SF

      Modern Office/Retail Space Available

      High-end office/retail space in prime Clifton City location.
      1131 Main Ave, Clifton, NJ 07011
      View Details
    • $1,440 /Mo

      Clifton City Office Space Available

      Office space for rent in a convenient Clifton City location.
      1030 Clifton Ave, Clifton, NJ 07013
      View Details
    • $1,650 /Mo
      2,614 SF

      Retail Space in Clifton City

      Versatile retail space in the heart of Clifton City.
      205 Parker Ave, Clifton, NJ 07011
      View Details
    • $2,500 /Mo

      Furnished Office Space in Clifton

      Furnished office space with kitchenette and two bathrooms in Botany Village.
      326 Parker Ave, Clifton, NJ 07011
      View Details
    • $1,850 /Mo
      2,614 SF

      Established Deli in High-Traffic Area

      Turnkey deli for lease in high-traffic Clifton City corridor.
      117 Valley Rd, Clifton, NJ 07013
      View Details
    • $1,500 /Mo
      3,485 SF

      Commercial Space in Clifton City

      Commercial space for rent in Clifton City, New Jersey.
      1151 Main Ave, Clifton, NJ 07011
      View Details
    • $500 /Mo

      Private Office Space For Rent

      Private office space available for rent in Clifton, New Jersey.
      326 Parker Ave, Clifton, NJ 07011
      View Details
    • $1,500 /Mo
      600 SF

      Commercial Garage Space in Clifton

      600 sq ft garage with utilities included and parking.
      Clifton City, Clifton, NJ 07011
      View Details
    • $30 SF/Yr

      La Palenque

      Bar/restaurant for rent
      283 Parker Ave, Clifton, NJ 07011
      View Details
    • Contact for pricing
      57,000 SF

      Kingsland Logistics Center Industrial Space

      Industrial and office spaces available in Northern New Jersey.
      65 Kingsland Ave, Clifton, NJ 07014
      View Details

    FAQs

    What type of property is this?
    Office units - 1500 sq ft basement office space in Salt Cavern Spa.
    Where is this office units located?
    The property is located at 658 Allwood Rd Clifton, NJ.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: - Prime Clifton location in the Allwood section with built-in client flow from the established Salt Cavern Spa.; - Versatile 1,500 sq ft basement-level space suitable for various low-noise businesses.; - Option to subdivide the space for the right tenant, allowing for a tailored layout.
    (973) 704-4541
    Request Owner's contact information
    658 Allwood Rd Clifton, NJ 07012
    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.
    658 Allwood Rd
    Clifton, NJ 07012
    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
    658 Allwood Rd Clifton, NJ 07012
    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

    We can help!
    Listing Contact
    Jocelyn Russo
    (973) 704-4541 (973) 233-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!