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

    1 Cedar Grv Rd Little Falls, NJ 07424-1701

    • Office buildings
    • 1,736 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Aug 07, 2023
    $650,000
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    4.2%
    Office buildings
    Location Intelligence
    Property ID
    US59-1713952
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1 Cedar Grv Rd

    Construction
    BRICK
    Lot size
    0.44 lot acres
    Property size
    1,736 SF
    Property type
    Office buildings
    APN
    05 00122-0000-00021
    APU
    500122000000021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $470,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $462,000
      Market price range: $244k - $462k
      AI Estimate
      $406,000
      Market price range: $138k - $407k

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Falls
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2195
    Latitude
    40.878
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,753
    $327,100
    $61,000
    $388,100
    -
    $327,100
    $61,000
    $388,100

    Comparable in this City

    • Value Estimation
      $440,000
      5,445 SF

      76 Main St

      OFFICE BUILDING • 5,445 SF
      76 Main St, Little Falls, NJ 07424-5606
      View Details
    • Value Estimation
      $415,000
      3,792 SF

      80 Main St

      OFFICE BUILDING • 3,792 SF
      80 Main St, Little Falls, NJ 07424-1600
      View Details
    • Value Estimation
      $1,350,000
      4,750 SF

      50 Main St

      OFFICE BUILDING • 4,750 SF
      50 Main St, Little Falls, NJ 07424-5604
      View Details
    • Value Estimation
      $640,000
      19.46 Acres

      150 Clove Rd

      OFFICE BUILDING • 19.46 Acres
      150 Clove Rd, Little Falls, NJ 07424-2138
      View Details
    • Value Estimation
      $435,000
      2,023 SF

      102 Main St

      OFFICE BUILDING • 2,023 SF
      102 Main St, Little Falls, NJ 07424-1755
      View Details
    • Value Estimation
      $365,000
      4,778 SF

      27 Main St

      OFFICE BUILDING • 4,778 SF
      27 Main St, Little Falls, NJ 07424-5603
      View Details

    Similar Nearby for Sale

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      Landmark building in the heart of Little Falls.
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      New Mixed-Use Investment Opportunity

      New construction mixed-use building with apartments and commercial spaces.
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      Victorian Two-Family with Office Space

      Spacious Victorian with office, ample parking, delivered vacant.
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      Well-Maintained Brick Multi-Family Home

      Spacious two-unit property with modern amenities and convenient location.
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      Little Falls Specialty Property

      Specialty property available for sale in Little Falls, NJ.
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    • $475,000

      Residential Land in Little Falls

      Level lot ready for custom home construction near NYC transit.
      185 Wilmore Rd, Little Falls, NJ 07424
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    Similar Nearby for Lease

    • Contact for pricing
      9,507 SF

      Office Space in Little Falls

      Office space available for lease in Little Falls, New Jersey.
      150 Clove Rd, Little Falls, NJ 07424
      View Details
    • Contact for pricing
      8,000 SF

      Furnished Office Space Available

      8,000 SF furnished office space suitable for various businesses.
      1500 Cardinal Dr, Little Falls, NJ 07424
      View Details
    • $3,750 /Mo

      Bright Office Space in Little Falls

      Move-in ready office space with private offices and ample parking.
      96 E Main St, Little Falls, NJ 07424
      View Details
    • $2,900 /Mo

      Spacious Office Space Available

      Light-filled office space with reception, conference room, and kitchen.
      300 Lackawanna Ave, Woodland Park, NJ 07424
      View Details
    • $3,200 /Mo

      Renovated Office Space Available

      Turnkey office suite with modern amenities and dedicated parking.
      5 Muller Pl, Little Falls, NJ 07424
      View Details
    • $3,500 /Mo

      Versatile Retail/Office Space Available

      First-floor space suitable for retail or office use.
      75 Newark Pompton Tpke, Little Falls, NJ 07424
      View Details
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    1 Cedar Grv Rd
    Little Falls, NJ 07424-1701
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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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