Shovel-Ready Mixed-Use Development
For Sale
$1,000,000
82 Newark Pompton Tpke, Little Falls, NJ 07424
LAND - Little Falls Twp., NJ
Property Size2,200 SF
Price / SF$454.55
Days on Market125
Property Features for 82 Newark Pompton Tpke
General Information
Property type
Land
Property subtype
Other
Lot features
Level Lot
Directions
Main St. to Newark Pompton Tpke.
Standard status
Active
Size
2,200 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9530
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
RE/MAX ELITE REALTY
(973) 287-6047
Listed By:
PERRY SESSA · License #229613
(973) 650-6365
Added: Apr 20
Changed: Jun 30
Last Checked: Aug 22 at 12:06AM
MLS# 4022000
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This shovel-ready mixed-use development site is fully approved and permitted, with state and local approvals completed and permits issued and paid. The plan calls for two two-story residential units, each with three bedrooms and two bathrooms, along with private rooftop terraces. The ground floor includes two commercial storefronts with a combined total of 2,200 square feet. A private rear parking lot is also included as part of the project.
The property is located at 82 Newark Pompton Tpke in Little Falls Twp., Passaic County, NJ. Architectural plans, permits, and supporting documentation are available upon request.
Designed for developers and investors who want to move forward immediately, the entitlement-complete status reduces pre-construction permitting uncertainty. The mix of residential units and street-level storefront space can support a multi-use operating plan once construction is underway.
The property is located at 82 Newark Pompton Tpke in Little Falls Twp., Passaic County, NJ. Architectural plans, permits, and supporting documentation are available upon request.
Designed for developers and investors who want to move forward immediately, the entitlement-complete status reduces pre-construction permitting uncertainty. The mix of residential units and street-level storefront space can support a multi-use operating plan once construction is underway.
Key Highlights
- Fully approved and permitted, shovel‑ready mixed‑use development with permits issued and paid
- Includes two 3‑bedroom, 2‑bath residential units with two‑story layouts and private rooftop terraces
- Ground‑floor commercial space features two storefronts totaling 2,200 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,832
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,640
$676.6K
Cap Rate 7%
$483,314
$483.3K
Cap Rate 9%
$375,911
$375.9K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.0K $30.00/SF
− Vacancy
−$4.5K −$2.04/SF
EGI
$61.5K $27.96/SF
− OpEx
−$27.7K −$12.58/SF
NOI
$33.8K $15.38/SF
Area
Passaic County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,640
Cap Rate 7%
$483,314
Cap Rate 9%
$375,911
Alternative Uses
Best Use
Apartment 5plus
$483.3K
$422.9K – $563.9K
NOI $33,832 @ 7.0% cap · market cap 3.38%
Second Best
Mixed Use
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$574.5K
$502.7K – $670.2K
NOI $40,212 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Explore this area
Business Placement
Demographics for 07424, NJ
26,776
Population
11,243
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
4,698
Density / Sq Mi
$104,122
Median Household Income
$47,894
Median Earnings
$1,771
Median Rent
$477,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully approved mixed-use development includes two rooftop-terrace residences and two commercial storefronts, ready for immediate construction.
Where is this mixed-use property located?
The property is located at 82 Newark Pompton Tpke Little Falls, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully approved and permitted, shovel‑ready mixed‑use development with permits issued and paid; Includes two 3‑bedroom, 2‑bath residential units with two‑story layouts and private rooftop terraces; Ground‑floor commercial space features two storefronts totaling 2,200 sq. ft.
