Renovated Office Building in
For Sale
$1,850,000
992 Clifton Ave, Clifton, NJ 07013
Fully renovated 5,040 sq. ft. commercial building for sale.
Property Size5,040 SF
Price / SF$367.06
Days on Market477
Property Features for 992 Clifton Ave
General Information
Standard status
Active
Size
5,040 SF
Taxes and HOA fees
Annual Taxes
$23,744
Building Details
Year Built
1970
Listing Agency:
KELLER WILLIAMS REALTY
Listed By:
JONATHAN SIMHAYOFF
Source:
Corcoran
Added: Jun 17, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,112
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,240
$1.5M
Cap Rate 7%
$1,101,600
$1.1M
Cap Rate 9%
$856,800
$856.8K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$151.2K $30.00/SF
− Vacancy
−$48.4K −$9.60/SF
EGI
$102.8K $20.40/SF
− OpEx
−$25.7K −$5.10/SF
NOI
$77.1K $15.30/SF
Area
Passaic County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,240
Cap Rate 7%
$1,101,600
Cap Rate 9%
$856,800
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 07013, NJ
28,843
Population
12,005
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
6,555
Density / Sq Mi
$119,291
Median Household Income
$59,413
Median Earnings
$1,696
Median Rent
$462,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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.
