Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Harrison St Passaic, NJ 07055
    Back to Search
    Property profile & analytics

    200 Harrison St, Passaic, NJ 07055

    View on Map
    • Investment properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 200 Harrison St

    Property type
    Investment properties

    Description

    This exceptional business opportunity is located at 200 Harrison Street in the vibrant city of Passaic, New Jersey. Priced at $84,999, this offering presents a unique chance to acquire an established enterprise. While specific square footage is not currently available, the property represents a significant investment potential in a dynamic market. The property is situated on a lot with no acreage specified. The nature of the business itself is not detailed, allowing for a wide range of entrepreneurial visions and strategies. This presents a blank canvas for an ambitious buyer to either continue existing operations or implement a completely new business model. The asking price reflects the significant potential for return on investment, making this an attractive proposition for both seasoned investors and first-time business owners. The location in Passaic offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. Further details regarding the specifics of the business are available upon request. This is a rare opportunity to acquire a well-positioned business in a thriving New Jersey community. Serious inquiries are encouraged to explore this promising venture. Don't miss out on this chance to own a piece of Passaic's dynamic business landscape.

    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

      54 Exchange Pl

      Investment properties
      54 Exchange Pl, Passaic, NJ 07055
      View Details
    • Value Estimation
      $500,000
      2,610 SF

      230-232 Harrison St, Unit 232

      APARTMENT HOUSE (UNDER 5 UNITS)
      230-232 Harrison St, Passaic, NJ 07055-6202
      View Details
    • Value Estimation
      $620,000
      3,054 SF

      2 Market St

      APARTMENT HOUSE (UNDER 5 UNITS)
      2 Market St, Passaic, NJ 07055-7312
      View Details
    • Value Estimation by Request
      3,087 SF

      34 Wall St

      APARTMENT HOUSE (UNDER 5 UNITS)
      34 Wall St, Passaic, NJ 07055-8320
      View Details
    • Value Estimation by Request
      4,145 SF

      215 Burgess Pl

      APARTMENT HOUSE (UNDER 5 UNITS)
      215 Burgess Pl, Passaic, NJ 07055-3239
      View Details
    • Value Estimation by Request
      0.23 Acres

      278 Monroe St

      COMMERCIAL (GENERAL)
      278 Monroe St, Passaic, NJ 07055-5208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,400 SF

      Three-Unit Automotive Repair Shop

      Three-unit automotive repair shop with value-add potential.
      102 Summer St, Passaic, NJ 07055
      View Details
    • Contact for pricing

      Prime Passaic Commercial Property

      Affordable Passaic Investment Opportunity
      245 Monroe 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
    • Contact for pricing

      Renovated Mixed-Use Investment Opportunity

      Turn-key property with four units plus billboard income.
      976 Main Ave, Passaic, NJ 07055
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • $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
      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
      295,506 SF

      Passaic Warehouse with High Ceilings

      Large warehouse space featuring 40' ceilings and multiple loading docks.
      122 8Th St, Passaic, NJ 07055
      View Details
    • $3,500 /Mo

      Move-In Ready Office Space Available

      1,750 sq ft office space with 9 rooms.
      913 Main 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
    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!