993 McBride Ave #B102, Woodland Park, NJ 07424

Building Details

Building Size 1,600 SF More

Year Built 1986 More

Stories 1 More

Units 1 More

Listing Agency: Keller Williams Prosperity Realty

Listed By: Linda R Graupe Show Phone

Source: Arcadiarealtors

Added: Apr 10 Changed: Nov 8 Last Checked: Nov 8 at 9:57AM

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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 Prosperity Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The 1,600-square-foot storefront is part of a shopping center that includes Chase Bank. The property was built in 1986 and is zoned Prof/Comm.

Parking is available in the center’s lot, with additional parking and tenant access behind the building. An adjoining 15X80 sf unit may also be available, subject to negotiation.

Key Highlights

• 1,600‑square‑foot retail storefront
• Shopping center includes Chase Bank
• Rear parking and tenant access, plus a large parking lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,837

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$456,740 $456.7K

Cap Rate 7%

$326,243 $326.2K

Cap Rate 9%

$253,744 $253.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$34.6K $21.60/SF

− Vacancy

−$1.9K −$1.21/SF

EGI

$32.6K $20.39/SF

− OpEx

−$9.8K −$6.12/SF

NOI

$22.8K $14.27/SF

Area

Passaic County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$456,740

Cap Rate 7%

$326,243

Cap Rate 9%

$253,744

Alternative Uses

Best Use

Retail

$326.2K

$285.5K – $380.6K (±1% cap)

NOI $22,837 @ 7.0% cap · market cap 5.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$417.8K

$365.6K – $487.4K (±1% cap)

NOI $29,245 @ 7.0% cap · market cap 6.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Butcher Barber Shop Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

756

Businesses Nearby

271k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 35% Apparel 27% Dining 24% Shops & Services 13%

ShopRite Groceries

93,820 visits/mo 0.4 miles

Kohl's Apparel

66,312 visits/mo 0.5 miles

Chili's Grill & Bar Dining

23,496 visits/mo 0.3 miles

Taco Bell Dining

21,629 visits/mo 0.3 miles

Krispy Kreme Doughnuts Dining

18,755 visits/mo 0.3 miles

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

Average Price Trend$/SF for Storefront properties in Passaic County, NJ

$280 Jul

$183 Aug

$162 Sep

$202 Oct

Properties on Market for Storefront properties in Passaic County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Positioned in a shopping center, the suite has access to parking behind the building.

Where is this storefront property located?

The property is located at 993 McBride Ave #B102 Woodland Park, NJ.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 1,600‑square‑foot retail storefront; Shopping center includes Chase Bank; Rear parking and tenant access, plus a large parking lot