Mixed-Use Building with Auto
For Sale
$2,500,000
81 Wabash Ave #1, Clifton, NJ 07011
Five upper-level office suites complement an automotive service area on the ground floor.
Property Size8,000 SF
Price / SF$312.50
Days on Market97
Property Features for 81 Wabash Ave #1
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
M2
Additional Details
Automotive Uses
auto repair
Building Details
Building Size
8,000 SF
Year Built
1950
Buildings
1
Stories
2
Units
5
Listing Agency:
Arcadia, Realtors
Listed By:
Paul Merino
(973) 228-7060
Source:
Culturaunitedrealty
Added: Jul 20
Changed: Oct 23
Last Checked: Oct 23 at 5:58PM
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 Arcadia, Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story block building provides 8,000 square feet across a 4,000-square-foot footprint. The ground floor is configured for auto repair, while the upper level contains five office suites ranging from approximately 450 to 620 square feet. The property was built in 1950 and is zoned M2.
Key Highlights
- Two‑story block construction with an 8,000‑square‑foot building area
- 4,000‑square‑foot footprint
- Ground floor used for auto repair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,186
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,720
$2.3M
Cap Rate 7%
$1,631,229
$1.6M
Cap Rate 9%
$1,268,733
$1.3M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$172.8K $21.60/SF
− Vacancy
−$9.7K −$1.21/SF
EGI
$163.1K $20.39/SF
− OpEx
−$48.9K −$6.12/SF
NOI
$114.2K $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%
$2,283,720
Cap Rate 7%
$1,631,229
Cap Rate 9%
$1,268,733
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,186 @ 7.0% cap · market cap 4.57%
Second Best
Mixed Use
$1.42M
$1.24M – $1.66M
NOI $99,360 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,227 @ 7.0% cap · market cap 5.85%
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
1,818
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 37%
Groceries 14%
McDonald's
Dining
31,454 visits/mo
0.2 miles
SuperFresh
Groceries
18,721 visits/mo
0.4 miles
Chase Bank
Shops & Services
12,055 visits/mo
0.3 miles
Chase Bank
Shops & Services
11,248 visits/mo
0.4 miles
Wells Fargo
Shops & Services
9,529 visits/mo
0.2 miles
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five upper-level office suites complement an automotive service area on the ground floor.
Where is this mixed-use property located?
The property is located at 81 Wabash Ave #1 Clifton, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑story block construction with an 8,000‑square‑foot building area; 4,000‑square‑foot footprint; Ground floor used for auto repair
