Office Condominium with Conference
For Sale
$475,000
9d Fairfield Ave #9D, Little Falls, NJ 07424
Seven private offices and a reception area support a professional workspace with a separate kitchen and break room.
Property Size2,450 SF
Price / SF$193.88
Days on Market144
Property Features for 9d Fairfield Ave #9D
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Commercial
Zoning
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$279
Office Units
1
Building Details
Building Size
2,450 SF
Year Built
1957
Stories
1
Units
1
Listing Agency:
Compass New Jersey LLC
(973) 310-7360
Listed By:
Carole Leflore · License #292899
(973) 310-7630
Source:
Cammarotarealestate
Added: Jun 2
Changed: Oct 22
Last Checked: Oct 22 at 2:35PM
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 Compass New Jersey LLC
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Investment Insights
Based on property information with market context.
This 2,450-square-foot office condominium, built in 1957, is arranged with seven private offices, a conference room, and a reception and waiting area. A kitchen and break room are also part of the suite. The layout provides distinct areas for individual work, meetings, and visitor reception, with zoning designated Office.
The property is at 9d Fairfield Ave #9D in Little Falls Twp., New Jersey. The location offers access to major highways and public transportation, with restaurants and other local amenities nearby. On-street parking is available.
The property is at 9d Fairfield Ave #9D in Little Falls Twp., New Jersey. The location offers access to major highways and public transportation, with restaurants and other local amenities nearby. On-street parking is available.
Key Highlights
- 2,450‑square‑foot office condominium
- Seven private offices and a conference room
- Reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,485
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,700
$749.7K
Cap Rate 7%
$535,500
$535.5K
Cap Rate 9%
$416,500
$416.5K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$73.5K $30.00/SF
− Vacancy
−$23.5K −$9.60/SF
EGI
$50.0K $20.40/SF
− OpEx
−$12.5K −$5.10/SF
NOI
$37.5K $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%
$749,700
Cap Rate 7%
$535,500
Cap Rate 9%
$416,500
Alternative Uses
Best Use
Office B
$535.5K
$468.6K – $624.8K
NOI $37,485 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Seven private offices and a reception area support a professional workspace with a separate kitchen and break room.
Where is this office unit located?
The property is located at 9d Fairfield Ave #9D Little Falls, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,450‑square‑foot office condominium; Seven private offices and a conference room; Reception and waiting area
