Retail Storefront Property with Two
82 Passaic Street Garfield, NJ 07026
82 Passaic Street, Garfield, NJ, 07026
Contact for pricing
For Sale
Contact for pricing
Two buildings on one property, including a front and rear storefront, available for sale.
Property Size2,500 SF
Price / SF$476
Days on Market66
Property Features for 82 Passaic Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing agency
KW Park Views Realty
(201) 939-0050
Listed by
Yan Xiao · License #0346095
Source
Crexi
Added: May 18 Updated: Jul 22 at 11:26AM Checked: Jul 22 at 11:26AM
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 KW Park Views Realty
Investment Insights
Based on property information with market context.
This is a retail storefront property comprised of two buildings on one lot, including a front building and a rear building, offered for sale together. The configuration supports a multi-building layout within a single ownership.
The property is located at 82 Passaic Street in Garfield, New Jersey. The listing includes a total property size of 2,500 square feet.
For buyers evaluating storefront options, the key feature here is the combined front-and-rear building arrangement under one purchase. It is being marketed as a two-building package for sale.
The property is located at 82 Passaic Street in Garfield, New Jersey. The listing includes a total property size of 2,500 square feet.
For buyers evaluating storefront options, the key feature here is the combined front-and-rear building arrangement under one purchase. It is being marketed as a two-building package for sale.
Key Highlights
- Two buildings on one property, including a front and rear storefront
- Year built: 1974
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $21.60 |
| − Vacancy | −$3.0k | −$1.21 |
| EGI | $51.0k | $20.39 |
| − OpEx | −$12.7k | −$5.10 |
| NOI | $38.2k | $15.29 |
2,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$546.2K
$477.9K – $637.2K
NOI $38,232 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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Similar Off Market Nearby
- Vista Floral Designs LLC — 55 Market St, Passaic, NJ 07055
- Santos Flowers — 30 Passaic St, Garfield, NJ 07026
- Floral Magic — 100 Midland Ave, Wallington, NJ 07057
- Polska Kwiaciarnia - Lily's Florist LLC — 161 A, 161 Market St, Passaic, NJ 07055
- Delightful Flowers — 164 Passaic St, Passaic, NJ 07055
FAQs
What type of property is this?
Storefront property - Two buildings on one property, including a front and rear storefront, available for sale.
Where is this storefront property located?
The property is located at 82 Passaic Street Garfield, NJ.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Two buildings on one property, including a front and rear storefront; Year built: 1974
