Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    545 Island Rd Ramsey, NJ 07446
    Back to Search
    Property profile & analytics

    545 Island Rd Ramsey, NJ 07446

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 545 Island Rd

    Year built
    1975
    Property type
    Office Spaces

    Description

    This exceptional 1,323-square-foot Class A office space is ideally located at 545 Island Road, Ramsey, NJ 07446, at the intersection of Island Road and Route 17. Situated on the second floor of a three-story building constructed in 1975 and extensively renovated in 2024, this single-tenant office boasts a private double-door entry leading to a welcoming reception area. The layout includes four private offices (two easily adaptable as conference rooms), a convenient kitchenette, and ample storage space. Recent renovations encompass fresh paint throughout, energy-efficient LED lighting, new ceiling tiles, and new carpeting. Common areas have also received a fresh coat of paint and new tile. The building offers 118 parking spaces, outdoor picnic tables, and prominent signage both at the building entrance and by the elevator. The unit is served by a newly installed elevator. Utilities are tenant-responsible, while rent is net and includes taxes and CAM charges. A cost-sharing agreement is in place for electricity and building repairs (tenant responsible for the first $200 of any repair costs). The property is zoned Commercial/Commercial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1433
    Latitude
    41.073

    Comparable in this City

    • Value Estimation by Request
      9,445 SF

      475-495 Franklin Tpke

      Lifestyle centers • 9,445 SF
      475-495 Franklin Tpke, Ramsey, NJ 07446
      View Details
    • Value Estimation by Request
      0.71 Acres

      1216 Nj-17

      Retail properties & Spaces • 0.71 Acres
      1216 Nj-17, Ramsey, NJ 07446
      View Details
    • Value Estimation by Request
      3.27 Acres

      19 Spear Rd

      OFFICE BUILDING • 3.27 Acres
      19 Spear Rd, Ramsey, NJ 07446-1235
      View Details
    • Value Estimation by Request
      0.80 Acres

      259 Franklin Tpke

      COMMERCIAL (GENERAL) • 0.80 Acres
      259 Franklin Tpke, Ramsey, NJ 07446-1605
      View Details
    • Value Estimation by Request
      1.21 Acres

      381-385 Franklin Tpke, Unit 385

      COMMERCIAL (GENERAL) • 1.21 Acres
      381-385 Franklin Tpke, Ramsey, NJ 07446-1169
      View Details
    • Value Estimation by Request
      1.77 Acres

      575 State Rt 17th, Unit 585

      COMMERCIAL (GENERAL) • 1.77 Acres
      575 State Rt 17th, Ramsey, NJ 07446-2014
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ramsey Office Space for Lease

      Prime Ramsey office, $3900/month.
      27 Franklin Tpke, Ramsey, NJ 07446
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Professional office space with conference room, parking, and easy access.
      24 Grant St, Ramsey, NJ 07446
      View Details
    • $1,199,000

      Renovated 4-Family House in Ramsey

      Updated 4-family property near transportation and town amenities.
      44 N Central Ave, Ramsey, NJ 07446
      View Details
    • Contact for pricing
      15,000 SF

      Two-Story Building on Route 17

      Two-story retail building with frontage on Route 17 North.
      806 State Rt 17, Ramsey, NJ 07446
      View Details
    • $249,000

      Ramsey Land For Sale

      1.23-acre property in Ramsey, great for investors.
      272 Myrtle Ave, Ramsey, NJ 07446
      View Details
    • $200,000
      1,410 SF

      Ramsey Land For Sale

      Commercial land available in Ramsey, Bergen County, New Jersey.
      116 N Central Ave, Ramsey, NJ 07446
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      Upstairs Unit in Ramsey

      Cozy 1-room unit in Ramsey, includes utilities.
      56 Central Ave, Ramsey, NJ 07446
      View Details
    • $1,800 /Mo

      Efficient Ramsey Office Unit Rental

      Affordable, private office unit in Ramsey with included amenities.
      56 Central Ave, Ramsey, NJ 07446
      View Details
    • Contact for pricing

      Downtown Ramsey Office Space Available

      Appointed office space with private entrance and dedicated parking.
      47 Main St, Ramsey, NJ 07446
      View Details
    • Contact for pricing

      Professional Office Space in Ramsey

      Turn-key office space near train, shopping, and schools.
      7 Cedar St, Ramsey, NJ 07446
      View Details
    • Contact for pricing

      Adaptable Medical Space For Rent

      Spacious medical/office space in Ramsey, accessible to major highways.
      27 Franklin St, Ramsey, NJ 07446
      View Details
    • $1,900 /Mo
      30,056 SF

      Renovated Office Space in Ramsey

      Newly renovated office space with parking and easy highway access.
      24 Grant St, Ramsey, NJ 07446
      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.
    545 Island Rd
    Ramsey, NJ 07446
    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
    545 Island Rd, Ramsey, NJ, 07446
    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!