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    Hawthorne Ave Hawthorne, NJ 07506

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    Hawthorne Ave Hawthorne, NJ 07506

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    Property Details for Hawthorne Ave

    Property type
    Investment properties

    Description

    This exceptional business opportunity presents the chance to acquire a New Jersey State Retail Plenary Consumption License, Type 33, in the thriving town of Hawthorne. Located at 0 Hawthorne, Hawthorne, NJ, this license offers immediate access to a lucrative market. The license itself is the primary asset being sold, representing a significant investment in a regulated industry. The sale price is $160,000. There is no physical property included in this sale

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hawthorne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.152
    Latitude
    40.9456

    Comparable in this City

    • Value Estimation
      $510,000
      2.36 Acres

      155 Lafayette Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2.36 Acres
      155 Lafayette Ave, Hawthorne, NJ 07506-2660
      View Details
    • Value Estimation
      $640,000
      3,900 SF

      329 Wagaraw Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,900 SF
      329 Wagaraw Rd, Hawthorne, NJ 07506-1445
      View Details
    • Value Estimation by Request
      0.17 Acres

      205 Westervelt Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.17 Acres
      205 Westervelt Ave, Hawthorne, NJ 07506-3712
      View Details
    • Value Estimation by Request
      0.11 Acres

      24 8th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.11 Acres
      24 8th St, Hawthorne, NJ 07506-3804
      View Details
    • Value Estimation by Request
      0.23 Acres

      255 Rea Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.23 Acres
      255 Rea Ave, Hawthorne, NJ 07506-1760
      View Details
    • Value Estimation by Request
      0.34 Acres

      226 Westervelt Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.34 Acres
      226 Westervelt Ave, Hawthorne, NJ 07506-3744
      View Details

    Similar Nearby for Sale

    • $699,000
      9,999 SF

      Hawthorne Mixed-Use Income Property

      Three-story mixed-use property with retail and residential units.
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      Restaurant Property For Sale

      Restaurant property for sale, diner on site, sold separately.
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    • $1,250,000
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      Renovated Three-Story Multi-Family Building

      Turnkey investment opportunity: fully renovated three-family building in Hawthorne Boro.
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      12,500 SF

      Industrial Facility for Manufacturing/Warehousing

      12,500 SF industrial facility zoned for manufacturing and warehousing.
      35 4Th Ave, Hawthorne, NJ 07506
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    • $799,000
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      Two-Family Home Backing Goffle Brook

      Two-unit home with park views and desirable amenities.
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      Renovated Three-Family Home in Hawthorne

      Upscale, renovated three-family home in Hawthorne, ideal for investors.
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    Similar Nearby for Lease

    • Contact for pricing
      14,000 SF

      Retail Space with High Traffic

      Large retail space with parking, loading dock, and refrigerators.
      68 E 15Th St, Paterson, NJ 07506
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    • $4,000 /Mo
      4,775 SF

      Medical Office Space Available

      Built-out medical office with basement, ready for customization.
      179 Lafayette Ave, Hawthorne, NJ 07506
      View Details
    • Contact for pricing

      Office Space on County Road

      Office space with private entrances and parking.
      422 Lafayette Ave, Hawthorne, NJ 07506
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      Hawthorne Industrial Corridor Location

      Industrial property located in Hawthorne's industrial corridor.
      55 Thomas Rd N, Hawthorne, NJ 07506
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      Commercial Land For Lease

      Commercial land available for lease.
      2 Wagaraw Rd, Hawthorne, NJ 07506
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    • Contact for pricing
      14,250 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for lease, ranging from 3,000 to 14,250 sq ft.
      109 Ethel Ave, Hawthorne, NJ 07506
      View Details
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    Hawthorne Ave
    Hawthorne, NJ 07506
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    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
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