Renovated Office Building in
992 Clifton Ave Clifton, NJ 07013
992 Clifton Ave, Clifton, NJ, 07013
$1,850,000
For Sale
$1,850,000
Fully renovated 5,040 sq. ft. commercial building for sale.
Property Size5,040 SF
Price / SF$367.06
Days on Market396
Property Features for 992 Clifton Ave
General Information
- Standard status
- Active
- Size
- 5,040 SF
Building Details
- Year Built
- 1970
Listing Agency
KELLER WILLIAMS REALTY
Listed by
JONATHAN SIMHAYOFF
Source
Corcoran
Added: Jun 17, 2025 Checked: Mar 16 at 9:09 am
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
Located on a high-visibility main road in Clifton, NJ, this fully renovated 5,040 sq. ft. commercial building offers potential for professional office use. The property is recently leased to long-term tenants and generates a Net Operating Income (NOI) with over a 7% cap rate. Situated in a desirable area known for attracting recession-resistant businesses, this asset promises long-term stability and minimal management concerns. With strong market fundamentals and a strategic location, this is an opportunity for investors seeking consistent cash flow and dependable tenancy.
Key Highlights
- High‑visibility location on a main road in Clifton, NJ.
- Generates a solid Net Operating Income (NOI) with over a 7% cap rate.
- Fully renovated 5,040 sq. ft. commercial building.
Local Financial Insights For Office B
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 | $151.2k | $30.00 |
| − Vacancy | −$48.4k | −$9.60 |
| EGI | $102.8k | $20.40 |
| − OpEx | −$25.7k | −$5.10 |
| NOI | $77.1k | $15.30 |
5,040 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,123 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Silber Judy G ...
Physician
Dr. Muhammad Ijaz, ...
Physician
Gold Standard Medical ...
Medical Clinic
Med Screen Labs
Laboratory
Rehan Malik
Physician
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FAQs
What type of property is this?
Office building - Fully renovated 5,040 sq. ft. commercial building for sale.
Where is this office building located?
The property is located at 992 Clifton Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: High‑visibility location on a main road in Clifton, NJ.; Generates a solid Net Operating Income (NOI) with over a 7% cap rate.; Fully renovated 5,040 sq. ft. commercial building.
