Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    992 Clifton Ave, Unit 1 Clifton, NJ 07013

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,750,000

    Fully renovated 5,040 SF commercial building in Clifton, NJ.

    Property size:
    5,040 SF
    Lot size:
    0.17 Acres

    Property Features for 992 Clifton Ave

    General Information

    Standard status
    Active
    Size
    5,040 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Ron Ison
    Source: Corcoran

    Listing Agency: Serhant.NewJersey LLC Listing Agent: Ron Ison

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Clifton Investment Opportunity

    Located in Clifton, NJ, this fully renovated 5,040 sq. ft. commercial building is an investment opportunity. The property is strategically positioned on a high-visibility main road. It is fully occupied by long-term, established tenants, delivering a consistent Net Operating Income (NOI) with a 7%+ cap rate. Both units are professionally maintained, offering minimal management oversight and dependable cash flow. The property is located in a commercial corridor known for attracting recession-resistant businesses, benefiting from market fundamentals and demand for professional office space. This is an investment for buyers seeking reliable income, long-term tenancy, and strategic positioning in one of Northern New Jersey's established business communities.
    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1638866
    Latitude
    40.8633385

    Nearby Similar for Sale

    • New
      $1,750,000
      5,040 SF

      Renovated Clifton Commercial Investment Opportunity

      Fully renovated 5,040 SF commercial building in Clifton, NJ.
      992 Clifton Ave, Clifton, NJ 07013
      View Details
    • New
      $1,750,000
      5,040 SF

      Renovated Clifton City Commercial Building

      Fully renovated 5,040 SF commercial building in Clifton City, NJ.
      992 Clifton Ave, Clifton, NJ 07013
      View Details
    • $89,900
      1,000 SF

      Turnkey Nail Salon Business Opportunity

      Established nail salon business for sale in Clifton City, NJ.
      219 Dayton Ave, Clifton, NJ 07011
      View Details
    • $160,000
      1,000 SF

      Profitable Smoke Shop in Clifton

      Established smoke shop for sale in a high-traffic Clifton location.
      754 Van Houten Ave, Clifton, NJ 07013
      View Details
    • $1,950,000
      Pending

      Renovated Office Building on Main Road

      Renovated 5,600 sq ft office building with parking.
      335 Broad St, Clifton, NJ 07013
      View Details
    • $375,000
      1,380 SF

      Clifton City Office Condo For Sale

      1380 sq ft office condo in high-traffic Clifton location.
      Clifton City, Clifton, NJ 07013
      View Details
    • $89,000
      1,100 SF

      Established Vegan Restaurant For Sale

      Turnkey vegan restaurant in Clifton City with loyal customer base.
      1279 Main Ave, Clifton, NJ 07011
      View Details
    • New
      $785,000

      Clifton Two-Family Colonial Home

      Income-producing two-family home in Clifton, near transportation and amenities.
      38 Harrison Pl, Clifton, NJ 07011
      View Details
    • New
      $995,000
      Pending

      Legal Two-Family Home

      Unique two-unit property with separate entrances and utilities.
      18 Adams Ter, Clifton, NJ 07013
      View Details
    • $845,000
      2,400 SF

      Clifton Mixed-Use Investment Opportunity

      Mixed-use building in Clifton with storefront and residential units.
      117 Valley Rd, Clifton, NJ 07013
      View Details
    • $675,000
      Pending

      Two-Family Home with Income Potential

      Well-maintained two-family property with income potential and expansion possibilities.
      18 E 2Nd St, Clifton, NJ 07011
      View Details
    • $599,000
      Pending

      Two-Family Home with Income Potential

      Well-cared-for two-family home in Clifton City, NJ.
      90 Dick St, Clifton, NJ 07013
      View Details

    FAQs

    What type of property is this?
    Office building - Fully renovated 5,040 SF commercial building in Clifton, NJ.
    Where is this office building located?
    The property is located at 992 Clifton Ave, Unit 1 Clifton, NJ.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - 7%+ Cap Rate: High return on investment.; - Fully Renovated: Requires minimal immediate improvements.; - Substantial 5,040 SF Commercial Building suitable for multiple tenants.
    (917) 974-1915
    Request Owner's contact information
    992 Clifton Ave, Unit 1 Clifton, NJ 07013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    992 Clifton Ave, Unit 1
    Clifton, NJ 07013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    992 Clifton Ave, Unit 1 Clifton, NJ 07013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ron Ison
    Real Estate License ID: 1646527
    (917) 974-1915 (732) 945-5253 (973) 315-5959
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!