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    Property profile & analytics

    1280 Main Ave Clifton, NJ 07011-2245

    • Commercial real estate
    • 9,059 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1328500
    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

    • Deluxe Formal Wear / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • DeLuxe Cleaners / (Bike/Boat/Book/etc) Store
    • Professional Dry Cleaners / (Bike/Boat/Book/etc) Store

    Property Details for 1280 Main Ave

    Year built
    6941
    Construction
    BRICK
    Lot size
    0.16 lot acres
    Property size
    9,059 SF
    Zone code
    B-C
    Property type
    Commercial real estate
    APN
    02 00011- 08-00039
    APU
    2000110800039

    Description

    Step into the world of high-end formal wear with this exceptional opportunity to acquire De Luxe Formal Wear, a well-established business in Clifton, NJ, boasting a 90-year legacy. This turnkey operation offers a comprehensive inventory of suits and formal wear, ready for immediate operation. The sale includes all existing inventory, eliminating the need for significant upfront investment. The dual revenue streams from both rentals and sales provide a diversified income base, maximizing profitability. Benefit from the established brand recognition and strong reputation within North Jersey's formal wear market. To ensure a seamless transition, the current owner is prepared to provide temporary training and introduce you to key vendors, facilitating a smooth onboarding process. Financial records, including profit and loss statements and a detailed inventory list, are available upon request. This is a rare chance to own a piece of fashion history and capitalize on a proven business model in a thriving market. The business is located at 1280 Main Ave, Clifton, NJ, and is priced at $275,000. Don't miss this chance to own a successful and established business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,546,000
      Market price range: $1.36M - $2.59M
      AI Estimate
      $810,000
      Market price range: $615k - $1.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1435
    Latitude
    40.8795
    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
    $30,834
    $303,600
    $236,400
    $540,000
    -
    $303,600
    $236,400
    $540,000

    Comparable in this City

    • Value Estimation by Request
      2.13 Acres

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      155 Hazel St

      COMMERCIAL (GENERAL) • 5.52 Acres
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      1462 Main Ave

      COMMERCIAL (GENERAL) • 5,539 SF
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      284 Parker Ave

      COMMERCIAL (GENERAL) • 4,194 SF
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      405 Piaget Ave

      COMMERCIAL (GENERAL) • 6,254 SF
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    • Value Estimation
      $2,750,000
      15,552 SF

      495 Piaget Ave

      COMMERCIAL (GENERAL) • 15,552 SF
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      View Details

    Similar Nearby for Sale

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      Clifton Office Space for Lease

      Affordable Clifton Office, Main Avenue
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    • $950,000
      4,884 SF

      Established Retail Business Over 40 Years

      Retail business established for over 40 years for sale.
      1295 Main Ave, Clifton, NJ 07011
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    Similar Nearby for Lease

    • $1,400 /Mo

      Office Space on Main Ave

      Office space for rent, suitable for medical or storage.
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      Clifton City Office Space Available

      Move-in ready office space in high-traffic area, excellent visibility.
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      View Details
    • $2,500 /Mo

      Furnished Office Space in Clifton

      Furnished office space with kitchenette and two bathrooms in Botany Village.
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    • $2,100 /Mo

      Two-Bedroom Apartment Available For Rent

      Two-bedroom apartment with living and dining rooms available for rent.
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      View Details
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    Clifton, NJ 07011-2245
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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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