Storefront Retail
71 Market St, Passaic, NJ 07055
For Sale
$795,000
A full, unfinished basement adds usable interior space.
Property Size3,158 SF
Days on Market22
Property Features for 71 Market St
General Information
Standard status
Size
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Full, Unfinished
On Street
Building Details
Building Size
Year Built
Listed By:
JASON COHEN
(973) 495-9055
Source:
Evrealestate
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 8 at 6:14AM
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 JASON COHEN
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Investment Insights
Based on property information with market context.
This storefront retail property at 71 Market St in Passaic City includes a full, unfinished basement and natural gas service. The building dates to 1940, and on-street parking is available. The property is zoned CR-HD.
Market St runs between Essex St. and Bergen St. in Passaic County.
Market St runs between Essex St. and Bergen St. in Passaic County.
Key Highlights
- Full, unfinished basement
- Natural gas service
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,075
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,500
$901.5K
Cap Rate 7%
$643,929
$643.9K
Cap Rate 9%
$500,833
$500.8K
Market Conditions
NOI Build-Up for 3,158 SF
Gross rent
$68.2K $21.60/SF
− Vacancy
−$3.8K −$1.21/SF
EGI
$64.4K $20.39/SF
− OpEx
−$19.3K −$6.12/SF
NOI
$45.1K $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 Rate 5%
$901,500
Cap Rate 7%
$643,929
Cap Rate 9%
$500,833
Alternative Uses
Best Use
Retail
$643.9K
$563.4K – $751.3K
NOI $45,075 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$824.6K
$721.5K – $962.1K
NOI $57,723 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,906
Businesses Nearby
105k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 39%
Dining 9%
Electronics 5%
Superfresh
Groceries
30,748 visits/mo
0.4 miles
C-Town Supermarkets
Groceries
18,955 visits/mo
0.5 miles
BP
Shops & Services
16,961 visits/mo
0.3 miles
TD Bank
Shops & Services
12,880 visits/mo
0.4 miles
Family Dollar
Shops & Services
11,032 visits/mo
0.5 miles
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Passaic County, NJ
Properties on Market for Storefront properties in Passaic County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
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- Delightful Flowers — 164 Passaic St, Passaic, NJ 07055
- 1800 flowers — 343 Monroe St, Passaic, NJ 07055
- Flower star — 320 Monroe St, Passaic, NJ 07055
Frequently Asked Questions
What type of property is this?
Storefront property - A full, unfinished basement adds usable interior space.
Where is this storefront property located?
The property is located at 71 Market St Passaic, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Full, unfinished basement; Natural gas service; On‑street parking
