Ridgewood Professional Office Building For
For Sale
$1,999,999
Maple Ave, Ridgewood, NJ 07450
Multi-tenant office building in desirable Ridgewood market.
Property Size5,775 SF
Price / SF$346.32
Days on Market152
Property Features for Maple Ave
General Information
Standard status
Active
Size
5,775 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$32,295
Amenities
Central Air
3
Vinyl, Carpet
Flat
Corner Lot.
.230 AC, .230 AC
Corner.
Building Details
Year Built
1972
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
Listed By:
CHERYL DARMANIN · License #111786,NEWJERSEY
Source:
Xome
Added: Mar 29
Changed: Aug 25
Last Checked: Aug 26 at 5:54AM
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 - NJ METRO GROUP
Investment Insights
Based on property information with market context.
This multi-tenant professional office building, totaling approximately 5,775 square feet, is located in Ridgewood. The property presents an opportunity for investors or owner-users, featuring a mix of leased and available suites. The building is well-maintained and equipped with modern mechanical systems and separate utilities. The layouts are flexible and suitable for medical, dental, or professional use. The main level includes an approximately 1,525 square foot former dental suite with four offices and three bathrooms, plus an approximately 400 square foot suite leased beginning November 2025. The second floor contains two approximately 962.5 square foot suites, one leased and one vacant. The lower level features two professional suites with private offices, conference areas, kitchenettes, and separate entrances. The seller is willing to vacate approximately 1,525 square feet for an owner-user. The property includes 13 striped parking spaces plus 6 tandem positions, accommodating up to 19 vehicles. The location is near downtown Ridgewood, major highways, and public transportation.
Key Highlights
- Prime Ridgewood location near downtown, highways, and public transportation.
- ±5,775 SF multi‑tenant building suitable for investors or owner‑users.
- Seller willing to vacate ±1,525 SF suite for owner‑user.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,767,160
$1.8M
Cap Rate 7%
$1,262,257
$1.3M
Cap Rate 9%
$981,756
$981.8K
Market Conditions
NOI Build-Up for 5,775 SF
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.
Gross rent
$173.3K $30.00/SF
− Vacancy
−$55.4K −$9.60/SF
EGI
$117.8K $20.40/SF
− OpEx
−$29.5K −$5.10/SF
NOI
$88.4K $15.30/SF
Area
Bergen 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,767,160
Cap Rate 7%
$1,262,257
Cap Rate 9%
$981,756
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,358 @ 7.0% cap · market cap 4.42%
Second Best
Healthcare Medical
$1.23M
$1.07M – $1.43M
NOI $85,987 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,558 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 07450, NJ
26,007
Population
9,166
Households
2.8
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
5.8 sq mi
ZIP Area
4,484
Density / Sq Mi
$217,250
Median Household Income
$102,692
Median Earnings
$2,340
Median Rent
$882,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building in desirable Ridgewood market.
Where is this office building located?
The property is located at Maple Ave Ridgewood, NJ.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Prime Ridgewood location near downtown, highways, and public transportation.; ±5,775 SF multi‑tenant building suitable for investors or owner‑users.; Seller willing to vacate ±1,525 SF suite for owner‑user.
