Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    172-182 Franklin Ave Ridgewood, NJ 07450
    Back to Search
    Property profile & analytics

    172-182 Franklin Ave, Ridgewood, NJ 07450

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

    Current Use by Public Records

    • Office Spaces

    Property Details for 172-182 Franklin Ave

    Property type
    Office Spaces

    Description

    This exceptional office space, located at 172-182 Franklin Avenue in the vibrant Ridgewood, NJ, presents a fantastic opportunity for businesses seeking a convenient and cost-effective location. The property is listed at $2250 and offers a flexible layout ideal for a variety of professional uses. While the exact square footage isn't specified, the address indicates a multi-unit building, suggesting potential for expansion or customization depending on specific business needs. Situated in Ridgewood, this property benefits from excellent access to major transportation routes, ensuring easy commutes for employees and clients alike. The location offers proximity to a variety of amenities, including restaurants, shops, and other businesses, creating a dynamic and convenient work environment. This listing represents a rare chance to secure a well-positioned office space in a highly desirable area at an attractive price point. Interested parties are encouraged to inquire promptly to schedule a viewing and explore the possibilities this property offers. The property is listed as an office space and is situated on a lot with no acreage specified. The address encompasses a range of numbers, suggesting multiple units within the building. The price reflects a monthly rental rate. Further details regarding the specific layout and features of the unit are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1153
    Latitude
    40.9802

    Comparable in this City

    • Value Estimation
      $685,000
      2,740 SF

      505 Goffle Rd

      CONDOMINIUM OFFICES
      505 Goffle Rd, Ridgewood, NJ 07450-4027
      View Details
    • Value Estimation by Request
      0.04 Acres

      75 Maple Ave

      CONDOMINIUM OFFICES
      75 Maple Ave, Ridgewood, NJ 07450-3247
      View Details
    • Value Estimation by Request
      0.03 Acres

      61 Maple Ave

      CONDOMINIUM OFFICES
      61 Maple Ave, Ridgewood, NJ 07450-3255
      View Details
    • Value Estimation by Request
      0.01 Acres

      61 Maple Ave

      CONDOMINIUM OFFICES
      61 Maple Ave, Ridgewood, NJ 07450-3255
      View Details
    • Value Estimation by Request

      290 Oak St

      Office Spaces
      290 Oak St, Ridgewood, NJ 07450
      View Details
    • Value Estimation by Request
      0.01 Acres

      61 Maple Ave

      CONDOMINIUM OFFICES
      61 Maple Ave, Ridgewood, NJ 07450-3255
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ridgewood Office Space for Lease

      Prime Ridgewood Office, $1900/month
      290 Oak St, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Ridgewood Office Space for Lease

      Prime Ridgewood location, $1150/month.
      107 Chestnut St, Ridgewood, NJ 07450
      View Details
    • Contact for pricing
      6,000 SF

      Ridgewood Office Building For Sale

      Three-story office building with elevator and ample parking.
      74 Oak St, Ridgewood, NJ 07450
      View Details
    • Contact for pricing
      318 SF

      Corner Office with Natural Light

      Well-appointed corner office featuring abundant natural light and new flooring.
      555 Goffle Rd, Ridgewood, NJ 07450
      View Details
    • $1,999,999
      5,775 SF

      Ridgewood Village Professional Office Building

      Multi-tenant office building in desirable Ridgewood market.
      179 S Maple Ave, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Downtown Ridgewood Investment Opportunity

      Well-maintained commercial building in downtown Ridgewood, ideal for retail/office.
      53-55 Ridgewood Ave, Ridgewood, NJ 07450
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space with shared amenities and on-site parking.
      589 Franklin Ave, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Bright Office Space Near Train

      Open-concept office space in Ridgewood, close to amenities and train.
      576-580 Maple Ave, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Updated Office Space in Ridgewood

      Updated 732 SF office space in convenient Ridgewood location.
      555 Goffle Rd, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Renovated Office Space in Ridgewood

      Newly renovated 750 SF office space in downtown Ridgewood.
      7 Ridgewood Ave, Ridgewood, NJ 07450
      View Details
    • Contact for pricing

      Ridgewood Medical Office Suite

      Professionally upgraded medical office suite in prime Ridgewood location.
      265 Ackerman Ave, Ridgewood, NJ 07450
      View Details
    • $20 SF/Yr
      10,788 SF

      Prime Ridgewood Office/Medical Space

      Highly visible office or medical space in desirable Ridgewood location.
      615 Franklin Tpke, Ridgewood, NJ 07450
      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.
    172-182 Franklin Ave
    Ridgewood, NJ 07450
    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
    172-182 Franklin Ave, Ridgewood, NJ, 07450
    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!