Add Listing
    For Sale
    • 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

    69 Ridgefield Ave Ridgefield Park, NJ 07660

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

    Land available for sale in Ridgefield Park, New Jersey.

    Property Features for 69 Ridgefield Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Sung Hee Lee
    Source: Corcoran

    Listing Agency: PREMIER PROPERTIES REALTY LLC Listing Agent: Sung Hee Lee

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

    Learn more

    Overview

    Ridgefield Park Land For Sale

    This property is a land parcel located in Ridgefield Park, New Jersey. The listing price is $150,000.
    Location Intelligence

    Current Use by Public Records

    ML Mini Market ... Food Market

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0257054
    Latitude
    40.8497006

    Nearby Similar for Sale

    • Contact for pricing

      Class A Office Building Opportunity

      Modern Class A office building available for lease in 2025.
      Ridgefield Park, NJ 07660
      View Details
    • $580,000

      Updated Townhouse with Garage Parking

      Updated 1,535 SF townhouse with garage, tenant occupied.
      67 Birch St, Ridgefield Park, NJ 07660
      View Details
    • $650,000

      Renovated Two-Family House

      Two-family house in Ridgefield Park near transportation and amenities.
      70 Hille Pl, Ridgefield Park, NJ 07660
      View Details
    • $59,000

      Established Asian Fusion Restaurant

      Turnkey restaurant with fully equipped kitchen and consistent sales.
      218 Main St, Ridgefield Park, NJ 07660
      View Details
    • $610,000

      Two-Family Home with Rental Income

      Two-unit property ideal for multi-generational living or rental income.
      79 Arthur St, Ridgefield Park, NJ 07660
      View Details
    • $105,000

      Condo with 24-Hour Doorman

      Condo with parking, storage, and NYC transportation access.
      265 Main St, Ridgefield Park, NJ 07660
      View Details
    • $1,200,000

      Ridgefield Park Multifamily Investment

      Four-unit multifamily property in Ridgefield Park, New Jersey.
      183 Bergen Tpke, Ridgefield Park, NJ 07660
      View Details
    • $1,699,000

      Ridgefield Park Multifamily Investment Opportunity

      Fully occupied six-family property with additional garage rental income potential.
      72 Hazelton St, Ridgefield Park, NJ 07660
      View Details
    • Contact for pricing

      Mixed-Use Building on Main Street

      Mixed-use building with retail and residential units on Main Street.
      218 Main St, Ridgefield Park, NJ 07660
      View Details
    • Contact for pricing

      Spacious Top-Floor Condo with Garage

      Top-floor 1-bedroom condo with indoor garage parking in Ridgefield Park.
      99 Teaneck Rd, Ridgefield Park, NJ 07660
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale in Ridgefield Park, New Jersey.
    Where is this land located?
    The property is located at 69 Ridgefield Ave Ridgefield Park, NJ.
    What are key features of this property?
    This property features: - Land available for sale; - Located in Ridgefield Park, New Jersey
    (201) 503-6099
    Request Owner's contact information
    69 Ridgefield Ave Ridgefield Park, NJ 07660
    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.
    69 Ridgefield Ave
    Ridgefield Park, NJ 07660
    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
    69 Ridgefield Ave Ridgefield Park, NJ 07660
    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
    Sung Hee Lee
    (201) 503-6099
    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!