Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    661 Broadway Westwood, NJ 07675
    Back to Search
    Property profile & analytics

    661 Broadway, Westwood, NJ 07675

    View on Map
    • Warehouses
    • 3,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Timmy's Service Center / Auto Repair Shop

    Property Details for 661 Broadway

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 3,000-square-foot warehouse, located at 661-665 Broadway in Bergen County, presents a significant opportunity for a single tenant. The property boasts a highly desirable LB-1 zoning designation (Limited Business District 1), ensuring versatility for a range of businesses. The building features five convenient drive-in bays, providing easy access for loading and unloading, and ample on-site parking for both employees and customers. The warehouse's excellent visibility and prominent frontage on Broadway guarantee high traffic and exposure. Currently, a portion of the space is occupied by an auto repair shop and a U-Haul rental facility, demonstrating the property's suitability for a variety of uses. The entire 3,000 square feet is available for lease at a monthly rate of $5,500, plus taxes, utilities, and snow plowing. This prime location and functional layout make this warehouse an ideal choice for businesses seeking a well-positioned and easily accessible space in a thriving area. The property's existing tenants highlight its suitability for businesses requiring both warehouse and retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westwood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0359
    Latitude
    40.996

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      687 Broadway

      INDUSTRIAL (GENERAL)
      687 Broadway, Westwood, NJ 07675
      View Details
    • Value Estimation by Request
      0.47 Acres

      25 Blvd Boulevard

      INDUSTRIAL (GENERAL)
      25 Blvd Boulevard, Westwood, NJ 07675-2042
      View Details
    • Value Estimation by Request
      0.59 Acres

      Broadway Brookli

      INDUSTRIAL (GENERAL)
      Broadway Brookli, Westwood, NJ 07675
      View Details
    • Value Estimation by Request
      0.04 Acres

      91 Carver Ave

      INDUSTRIAL (GENERAL)
      91 Carver Ave, Westwood, NJ 07675-2603
      View Details
    • Value Estimation by Request
      1.84 Acres

      123 Woodland Ave

      INDUSTRIAL (GENERAL)
      123 Woodland Ave, Westwood, NJ 07675-3217
      View Details
    • Value Estimation by Request
      0.34 Acres

      109 Bergenline Ave

      INDUSTRIAL (GENERAL)
      109 Bergenline Ave, Westwood, NJ 07675
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Restaurant Building For Sale

      Turnkey restaurant with full bar, seating for 100.
      625 Rivervale Rd, River Vale, NJ 07675
      View Details
    • $500,000

      Medical Condo on Old Hook

      Medical condo built in 1992, ideal for medical professionals.
      333 Old Hook Rd, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Westwood Office Building For Sale

      Prime Westwood location, excellent investment opportunity.
      333 Old Hook Rd, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Westwood Office Building For Sale

      12,630 SF office building at Kinderkamack Road intersection.
      345 Kinderkamack Rd, Westwood, NJ 07675
      View Details
    • $975,000

      Westwood Office Space Available

      Office property for sale, 6,725 SF available.
      287 Kinderkamack Rd, Westwood, NJ 07675
      View Details
    • $500,000
      20,000 SF

      Westwood Medical Condo - Great Location

      Modern medical condo, prime Westwood location.
      333 Old Hook Rd, Westwood, NJ 07675
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Garage and Warehouse Space Available

      3,000 SF garage and warehouse with ample parking.
      665 Broadway, Westwood, NJ 07675
      View Details
    • $5,500 /Mo

      Garage + Warehouse on Broadway

      3,000 SF 5-bay garage and warehouse for rent.
      661 Broadway, Westwood, NJ 07675
      View Details
    • $5,500 /Mo

      Garage and Warehouse Space Available

      3,000 SF 5-Bay Garage + Warehouse for rent.
      661 Broadway, Westwood, NJ 07675
      View Details
    • Contact for pricing

      Versatile Space in River Vale

      Adaptable commercial space suitable for various businesses in a vibrant community.
      187 Rivervale Rd, River Vale, NJ 07675
      View Details
    • Contact for pricing

      Versatile Commercial Space in Old Tappan

      Commercial space with excellent visibility and accessibility in Old Tappan.
      180 Old Tappan Rd, Old Tappan, NJ 07675
      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.
    661 Broadway
    Westwood, NJ 07675
    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
    661 Broadway, Westwood, NJ, 07675
    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!