Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    200 Harrison St Passaic, NJ 07055

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    200 Harrison St Passaic, NJ 07055

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 200 Harrison St

    Property size
    300 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This thriving Latin restaurant in Passaic, New Jersey, presents a fantastic owner-user investment opportunity. Located at 200 Harrison St, 07055, this 300-square-foot retail space is currently operating under a 5-year lease. The asking price is $84,999, with a net operating income (NOI) of $6,000. The sale includes all necessary equipment for immediate operation: cooking equipment, food serving and storage equipment, cleaning supplies, and washing equipment. Situated in a busy residential area, this restaurant benefits from high foot traffic and a strong local customer base. This turnkey operation is ideal for an experienced restaurateur looking to acquire an established business with existing infrastructure and clientele. The property is a single-tenancy retail space, offering the owner complete control and operational flexibility. This is a rare opportunity to acquire a profitable, established restaurant in a desirable location at an attractive price point. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1243
    Latitude
    40.8705

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      19 Broadway

      Restaurants • 20,000 SF
      19 Broadway, Passaic, NJ 07055
      View Details
    • Value Estimation by Request

      44-50 Lexington Ave

      Industrial properties
      44-50 Lexington Ave, Passaic, NJ 07055
      View Details
    • Value Estimation by Request
      24,847 SF

      8-10 Lexington Ave

      Retail properties & Spaces • 24,847 SF
      8-10 Lexington Ave, Passaic, NJ 07055
      View Details
    • Value Estimation by Request
      9,500 SF

      Award Winning Tri-State Auto Body Supplies Wholesaler

      Retail properties & Spaces • 9,500 SF
      0 Award Winning Tri-State Auto Body Supplies Wholesaler, Passaic, NJ 07055
      View Details
    • Value Estimation by Request

      54 Exchange Pl

      Retail properties & Spaces
      54 Exchange Pl, Passaic, NJ 07055
      View Details
    • Value Estimation by Request
      0.03 Acres

      199 Parker Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.03 Acres
      199 Parker Ave, Passaic, NJ 07055-7205
      View Details

    Similar Nearby for Sale

    • $950,000

      Renovated Mixed-Use Property, Passaic

      Fully leased, renovated mixed-use property with separate utilities.
      142 Passaic St, Passaic, NJ 07055
      View Details
    • $69,900
      600 SF

      Established Salon Business Opportunity

      Thriving salon for sale in Passaic City, New Jersey.
      481 Paulison Ave, Passaic, NJ 07055
      View Details
    • $865,000
      4,200 SF

      Mixed-Use Investment Property For Sale

      High-performing, fully renovated mixed-use property with immediate cash flow.
      4 Market St, Passaic, NJ 07055
      View Details
    • $865,000

      Mixed-Use Investment Property For Sale

      High-performing, fully renovated mixed-use property with immediate cash flow.
      4 Market St, Passaic, NJ 07055
      View Details
    • $1,050,000

      Automotive Repair Facility in Passaic

      Established auto repair facility with mechanic services and ample parking.
      422 Monroe St, Passaic, NJ 07055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,850 SF

      Commercial Kitchen and Warehouse Space

      13,850 SF commercial space with kitchen, office, and warehouse.
      90 Dayton Ave, Passaic, NJ 07055
      View Details
    • $1,900 /Mo

      Passaic Retail Space Available

      Versatile retail space in Passaic, suitable for various businesses.
      222 3Rd St, Passaic, NJ 07055
      View Details
    • Contact for pricing

      Renovated Storefront in Downtown Passaic

      Recently renovated 1,170 SF storefront in prime downtown location.
      153 Prospect St, Passaic, NJ 07055
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Densely Populated Area

      Neighborhood power center with excellent parking in Passaic, NJ.
      24 Barbour Ave, Passaic, NJ 07055
      View Details
    • Contact for pricing
      850 SF

      Former Pharmacy in Densely Populated Area

      Former Walgreens pharmacy in a densely populated neighborhood strip center.
      76 Main Ave, Passaic, NJ 07055
      View Details
    • $2,500 /Mo
      2,614 SF

      Passaic City Retail/Office Space

      1,000 sq ft retail/office space in downtown Passaic City.
      51 Central Ave, Passaic, NJ 07055
      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.
    200 Harrison St
    Passaic, NJ 07055
    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

    200 Harrison St, Passaic, NJ, 07055

    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!