Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Passaic Avenue Title is generated by Realmo AI

    81 Passaic, Fairfield, NJ 07004

    View on Map
    Claim this Listing
    For Lease
    $2,400 /Mo

    High-visibility retail space near major highways and affluent community.

    Type:Commercial
    Added:
    Mar 28, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 1 at 8:55 pm

    Property Features for 81 Passaic

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    ROSANNE SCIRICA

    Listing agent ROSANNE SCIRICA

    Listing office CENTURY 21 AWARD AGENCY

    Listing date Mar 28, 2026

    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 CENTURY 21 AWARD AGENCY

    HighLights

    • High visibility and accessibility for businesses.
    • Located near major highways 46 and I‑80.
    • High traffic location in a community with high median household income ($126,000+).
    • Suitable for retail or professional services.
    • Proximity to Essex/Passaic counties.
    • Includes full bath and kitchen facilities.

    Overview

    The property at 81 Passaic Avenue is suitable for small businesses, offering high visibility and accessibility. Its location near major roadways such as Highways 46 and I-80 provides convenient access. The surrounding community has a median household income exceeding $126,000 and is characterized by a mix of residential and commercial activity. The space is suitable for retail, professional services, or any business that benefits from visibility near Essex and Passaic counties. The property includes a full bath and kitchen facilities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2804287
    Latitude
    40.8699292

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      NJ, Fairfield - Passaic Ave

      174 Passaic Ave, Unit 410, Fairfield, NJ 07004
      View Details
    • $2,400/Mo

      Retail Space on Passaic Avenue

      High-visibility retail space near major highways and affluent community.
      81 PASSAIC AVE, Fairfield, NJ 07004
      View Details
    • $15 SF/Yr
      16,727 SF

      Fairfield Warehouse and Office Space

      16,727 SF industrial space with office in Fairfield, NJ.
      16 Gloria Ln, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      13,722 SF

      Fairfield Office Sublease Opportunity

      13,722 SF office space available for sublease in Fairfield.
      695 Route 46 W, Fairfield, NJ 07004
      View Details
    • $13 SF/Yr
      3,480 SF

      Fairfield Office Space For Rent

      Office space with separate entrance, private bathrooms, and utilities.
      23 Madison Rd, Fairfield, NJ
      View Details
    • $25 SF/Yr
      3,381 SF

      Three-Story Office Building For Rent

      199,300-sf three-story office building available for lease.
      100 Passaic Ave, Fairfield, NJ
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Space Available For Sublease

      15,000 SF industrial space available for sublease.
      55 Passaic Ave, Fairfield, NJ 07004
      View Details
    • $2,500/Mo

      Fairfield Retail Space For Rent

      First floor retail space in a busy Fairfield shopping center.
      435-437 Hollywood #4, Fairfield, NJ 07004
      View Details
    • $1,491/Mo

      Fairfield Retail or Office Space

      Second-floor retail or office space in a busy shopping center.
      435-437 Hollywood #8, Fairfield, NJ 07004
      View Details
    • $1,300/Mo

      Fairfield Retail or Office Space

      Second-floor retail or office space in a busy Fairfield shopping center.
      435-437 Hollywood #7, Fairfield, NJ 07004
      View Details
    • $1,800/Mo

      Bright Office Space Available

      Second-floor office space with easy highway access in Fairfield.
      250 Passaic #200, Fairfield, NJ 07004
      View Details
    • $1,950/Mo

      Bright Office Space Available

      Second-floor office space with easy highway access in Fairfield.
      250 Passaic #220, Fairfield, NJ 07004
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility retail space near major highways and affluent community.
    Where is this retail space located?
    The property is located at 81 Passaic Fairfield, NJ.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: High visibility and accessibility for businesses.; Located near major highways 46 and I‑80.; High traffic location in a community with high median household income ($126,000+).
    (973) 661-3808
    We can help!
    Listing Contact
    ROSANNE SCIRICA
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    81 Passaic, Fairfield, NJ 07004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!