Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1-5 Washington Ave Bergenfield, NJ 07621
    Property profile & analytics

    1-5 Washington Ave Bergenfield, NJ 07621

    View on Map
    • Retail properties & Spaces
    • 6,258 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1-5 Washington Ave

    Property size
    6,258 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 2,610 square feet of vacant space within a larger 6,258 square foot multi-tenant building located at 1-5 South Washington Avenue in Bergenfield, New Jersey. The property boasts a highly desirable corner location, ensuring maximum visibility and accessibility for your business. Situated in Bergen County, this space is ideal for a variety of retail uses, benefiting from significant foot traffic and convenient access to major roadways. The building's overall size is 6,258 square feet, indicating a strong and established presence within the community. The available space is ready for immediate occupancy, providing a blank canvas for your retail vision. The address, 1-5 South Washington Avenue, 07621, places your business in a vibrant and growing area of Bergenfield. This is a unique chance to establish or expand your retail presence in a prime location with excellent visibility and ample space to create a thriving business. The property's multi-tenant nature offers the potential for synergy and shared amenities, while the substantial square footage allows for a large-scale retail operation or the possibility of subdividing the space to accommodate multiple smaller tenants. This corner location in Bergenfield offers unparalleled exposure and a strong foundation for success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bergenfield
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9958
    Latitude
    40.9277

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      218 Washington Ave

      COMMERCIAL (GENERAL) • 0.26 Acres
      218 Washington Ave, Bergenfield, NJ 07621-1354
      View Details
    • Value Estimation by Request
      0.91 Acres

      Washington Ave

      COMMERCIAL (GENERAL) • 0.91 Acres
      Washington Ave, Bergenfield, NJ 07621
      View Details
    • Value Estimation
      $770,000
      2,440 SF

      215 Hickory Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,440 SF
      215 Hickory Ave, Bergenfield, NJ 07621-1844
      View Details
    • Value Estimation by Request
      0.94 Acres

      406 Washington Ave

      COMMERCIAL (GENERAL) • 0.94 Acres
      406 Washington Ave, Bergenfield, NJ 07621-4312
      View Details
    • Value Estimation
      $555,000
      0.18 Acres

      51 Woodbine St

      INDUSTRIAL (GENERAL) • 0.18 Acres
      51 Woodbine St, Bergenfield, NJ 07621-3513
      View Details
    • Value Estimation
      $3,490,000
      1,703 SF

      21 Church St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,703 SF
      21 Church St, Bergenfield, NJ 07621-1703
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bergenfield Investment Portfolio Opportunity

      Three mixed-use properties with retail, office, and storage spaces.
      96 Washington Ave, Bergenfield, NJ 07621
      View Details
    • $1,599,999

      Turn-Key Dental/Medical Building Opportunity

      Two-story corner building in Bergenfield, ideal for dental/medical practice.
      197 Washington Ave, Bergenfield, NJ 07621
      View Details
    • $380,000

      Profitable Convenience Store on Washington Avenue

      Well-established convenience store with high visibility and consistent revenue.
      393 Washington Ave, Bergenfield, NJ 07621
      View Details
    • $1,799,000

      Retail and Office Space Available

      Retail and office property with parking in Bergenfield, NJ.
      210 S Washington Ave, Bergenfield, NJ 07621
      View Details
    • $1,799,000

      Bergenfield Retail and Office Building

      Retail and office building with parking in Bergenfield, NJ.
      210 S Washington Ave, Bergenfield, NJ 07621
      View Details
    • Contact for pricing

      Industrial/Automotive Property For Sale

      M-zoned property ideal for mechanics, fabrication, and storage.
      41 Woodbine St, Bergenfield, NJ 07621
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bright Commercial Space with Storage

      Open retail space with high ceilings and basement storage.
      185 N Washington Ave, Bergenfield, NJ 07621
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Bergenfield, NJ

      4,500 SF retail space available for lease.
      112 South Washington Ave, Bergenfield, NJ 07621
      View Details
    • Contact for pricing

      Retail Space in Busy District

      700 sqft retail space in a busy commercial district.
      67 Washington Ave, Bergenfield, NJ 07621
      View Details
    • Contact for pricing
      1,440 SF

      Corner Retail Space For Rent

      Retail space available at a signalized intersection.
      125 N Washington Ave, Bergenfield, NJ 07621
      View Details
    • Contact for pricing

      Retail Corner Space in Bergenfield

      2,610 SF corner retail space available for rent.
      1-5 S Washington Ave, Bergenfield, NJ 07621
      View Details
    • Contact for pricing
      2,450 SF

      Bergenfield Warehouse Space Available

      2,450 SF warehouse space for rent in Bergenfield, NJ.
      101 Portland Ave, Bergenfield, NJ 07621
      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.
    1-5 Washington Ave
    Bergenfield, NJ 07621
    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

    Thank You for Inquiry
    1-5 Washington Ave, Bergenfield, NJ, 07621
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!