Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    61 Palisade Ave Englewood, NJ 07631

    • Office Properties & Spaces
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eterna Prime Crafted Living / Construction Company / General Contractor
    • Aretsky Law Group, PC / Law Firm
    • Giros / Post Office
    • Regus / Real Estate Agency
    • Live Easy Home Care / Aged Care / Home Health Care Service

    Property Details for 61 Palisade Ave

    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9773
    Latitude
    40.8958

    Comparable in this City

    • Value Estimation by Request
      139,973 SF

      29 Nathaniel Pl

      Restaurants • 139,973 SF
      29 Nathaniel Pl, Englewood, NJ 07631
      View Details
    • Value Estimation by Request
      3,480 SF

      387 Nordhoff Pl

      Medical offices • 3,480 SF
      387 Nordhoff Pl, Englewood, NJ 07631
      View Details
    • Value Estimation by Request
      7,337 SF

      32 Dean St

      Individual retail properties • 7,337 SF
      32 Dean St, Englewood, NJ 07631
      View Details
    • Value Estimation by Request
      1.10 Acres

      300 Grand Ave, Unit 3

      CONDOMINIUM OFFICES • 1.10 Acres
      300 Grand Ave, Englewood, NJ 07631-4398
      View Details
    • Value Estimation
      $2,940,000
      23,679 SF

      300 Grand Ave, Unit 4

      CONDOMINIUM OFFICES • 23,679 SF
      300 Grand Ave, Englewood, NJ 07631-4398
      View Details
    • Value Estimation by Request

      245 Engle St

      Office Properties & Spaces
      245 Engle St, Englewood, NJ 07631
      View Details

    Similar Nearby for Sale

    • $895,000

      Converted Bank Building Office Space

      Professional office space in converted bank building with parking.
      35 W Hudson Ave, Englewood, NJ 07631
      View Details
    • $2,200,000

      Englewood Mixed-Use Investment Opportunity

      Mixed-use building with residential, commercial, and office spaces in Englewood.
      48-50 Palisade Ave, Englewood, NJ 07631
      View Details
    • $3,100,000

      Englewood Professional/Medical Office Building

      Professional/Medical office building with ample parking and EV charging stations.
      535 Grand Ave, Englewood, NJ 07631
      View Details
    • $3,100,000

      Professional Office Building For Sale

      Professional office building with ample parking and EV charging stations.
      535 Grand Ave, Englewood, NJ 07631
      View Details
    • $4,200,000
      15,900 SF

      Englewood Industrial Space - NJ

      Prime 15,900 SF industrial building, sale or lease.
      210 South Van Brunt Street, Englewood, NJ 07631
      View Details
    • Contact for pricing

      Englewood Office Building For Sale

      Prime Englewood Office Space, $28M
      200 Engle St, Englewood, NJ 07631
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      6,249 SF

      61 Palisade Ave

      Office space
      61 Palisade Ave, Englewood, NJ 07631
      View Details
    • Contact for pricing
      3,480 SF

      Englewood Medical Office Space

      Prime Bergen County medical office suites available.
      387 Nordhoff Pl, Englewood, NJ 07631
      View Details
    • Contact for pricing
      7,337 SF

      Englewood Medical Office Space

      Prime Englewood location, multiple suites available.
      32 Dean St, Englewood, NJ 07631
      View Details
    • $35 SF/Yr
      83,844 SF

      Englewood Executive Office Space

      Class A Office, 83,844 sqft, NJ.
      25 Rockwood Pl, Englewood, NJ 07631
      View Details
    • $2,000 /Mo

      Englewood Office/Medical Space for Rent

      First-floor office/medical space near Route 4 and downtown Englewood.
      285 Grand #B1, Englewood, NJ 07631
      View Details
    • $32 SF/Yr

      Englewood Medical/Retail/Office Space Available

      Turn-key ground floor space suitable for medical, retail, or office.
      36-40 Van Brunt St, Englewood, NJ 07631
      View Details
    Request Owner's contact information
    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.
    61 Palisade Ave
    Englewood, NJ 07631
    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
    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

    Google sign-in failed. Please try again or use another login method.