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    Cliffside Park Office/Medical Space Title is generated by Realmo AI

    696 Anderson #2, Cliffside Park, NJ 07010

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    For Lease
    $2,300 /Mo

    Second-floor commercial space suitable for office or medical use.

    Type:Commercial
    Added:
    Jun 18, 2025
    Days on Market:
    347
    Last Refresh:
    May 10 at 10:13 pm

    Property Features for 696 Anderson #2

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    JENNA SOKOLICH

    Listing agent JENNA SOKOLICH

    Listing office SOKOLICH REAL ESTATE-OLD TAPPAN

    Listing date Jun 18, 2025

    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 SOKOLICH REAL ESTATE-OLD TAPPAN

    HighLights

    • High‑traffic central location ideal for business with signage on two avenues (Grant and Anderson) for high exposure and visibility.
    • Versatile space suitable for office or medical use; previously used as a dental office.
    • Includes a large waiting room, reception area, 5 individual office suites, and storage rooms.
    • Updated half bathroom and 2 large storage closets.
    • Corner property with entrance on Grant Avenue.
    • Available immediately.

    Overview

    Located in Cliffside Park, this second-floor commercial space is suitable for office or medical use. The property benefits from high pedestrian and vehicle traffic. Previously used as a dental office, the space includes a large waiting room, a reception area, and five individual office suites. Additionally, there are two smaller rooms suitable for storage or supplies, an updated half bathroom, and two large storage closets. As a corner property, it features an entrance on Grant Avenue and signage on both Grant Avenue and Anderson Avenue, providing high exposure and visibility. Street parking is available. The tenant is responsible for all utilities except for cold water. The space is available immediately and has potential for various commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    John P. Sousa ... Dental Office Migraines, Headaches, TMJ Medical Clinic Bergen Dental Studio Dental Office Cocina De Gaby ... Restaurant Jimmy Chae DDS Dental Office

    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.

    Similar Places Nearby

    • River Pet Resort & Rehab — 725 River Rd Suite 13, Edgewater, NJ 07020
    • Animal General — 725 River Rd, Edgewater, NJ 07020
    • Cliffside Park Veterinary Care — 460 anderson ave, cliffside park, nj 07010
    • Stefanie Lang - Animal General — 725 River Rd, Edgewater, NJ 07020
    • Daniel Dima - Animal General — 725 River Rd, Edgewater, NJ 07020

    Location Insight

    • Map
    • Local Demand
    City
    Cliffside Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9863
    Latitude
    40.8283

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    FAQs

    What type of property is this?
    Medical Office Space - Second-floor commercial space suitable for office or medical use.
    Where is this medical office space located?
    The property is located at 696 Anderson #2 Cliffside Park, NJ.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: High‑traffic central location ideal for business with signage on two avenues (Grant and Anderson) for high exposure and visibility.; Versatile space suitable for office or medical use; previously used as a dental office.; Includes a large waiting room, reception area, 5 individual office suites, and storage rooms.
    (201) 664-4444
    We can help!
    Listing Contact
    JENNA SOKOLICH
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    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.

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