Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    140 Shepherds Ln Totowa, NJ 07512

    Property Lookup

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

    140 Shepherds Ln Totowa, NJ 07512

    View on Map
    • Nursing homes
    • 160,275 SF
    For Sale
    View Listing →
    Former Senior Housing Community For Sale
    Contact for pricing
    160,275 SF

    Former Senior Housing Community

    160,000+ sq ft property suitable for healthcare or residential redevelopment.

    140 Shepherds Ln, Totowa, NJ 7512
    View Listing
    Property ID
    US59-2042100
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nursing homes

    Property Details for 140 Shepherds Ln

    Year built
    1975
    Property size
    160,275 SF
    Property type
    Nursing homes
    Property subtype
    Senior Housing / Retirement Homes

    Description

    Nestled in the thriving community of Totowa, New Jersey, a remarkable 160,000+ square foot property awaits your visionary touch. Previously operated as a skilled nursing facility, this versatile asset is equipped with comprehensive infrastructure suitable for healthcare use, ensuring a seamless transition and minimizing initial costs for a new owner. The property also presents a solid foundation for residential redevelopment for either the free market or tax credit developer, presenting an unparalleled opportunity for either an operator or developer. Fueled by an aging national population as well as population growth and urbanization, there is a surge in demand in the Metropolitan area for elder care facilities and residential rental housing. This property is perfectly positioned to capitalize on either of these trends, offering a competitive edge in a market with limited comparable properties. The stable economic environment of Totowa and its surrounding areas provides a secure foundation for your investment. Positioned in a prime location, this property has easy access to major highways and public transportation, making it an attractive location for future residents. The property is poised to become a cornerstone of modern urban living offering an enviable lifestyle for both assisted living and/or nursing home or multi-family housing residents. In either scenario, you can embrace this opportunity and seize this chance to shape of future of this property and secure substantial returns. A 102-unit former senior housing community built & operated by The Little Sisters Of The Poor, the existing building lays out elegantly in three wings, offering abundant sunlight to all areas of the building. Ideal for adaptive reuse as a multifamily retrofit for either free market or tax credit redevelopment, in addition to senior housing. Multiple mature green spaces/gardens on site.

    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
    Totowa
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.205924
    Latitude
    40.91414

    Comparable in this City

    • Contact for pricing

      Established Nail Salon in Totowa

      Nail salon for sale in high-traffic Totowa shopping center.
      169 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing

      Renovated Office Space with Apartment

      Professionally renovated office with apartment, convenient highway access.
      77 Jefferson Pl, Totowa, NJ 07512
      View Details
    • $749,000

      Totowa Office Building For Sale

      Two-story office building in Totowa with flexible zoning.
      232 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      45,800 SF

      Flex R&D Space Available

      Flex R&D space for lease in Totowa Technology Campus.
      60 Gordon Dr, Totowa, NJ 07512
      View Details
    • $745,000
      2,009 SF

      Versatile Office Building in Totowa

      High-visibility office building suitable for diverse professional and commercial activities.
      232 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $80,000

      Turnkey Pizzeria Opportunity in Totowa

      Fully equipped pizzeria restaurant in a high-traffic Totowa location.
      384 Totowa Ave, Totowa, NJ 07512
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Nail Salon in Totowa

      Nail salon for sale in high-traffic Totowa shopping center.
      169 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing

      Renovated Office Space with Apartment

      Professionally renovated office with apartment, convenient highway access.
      77 Jefferson Pl, Totowa, NJ 07512
      View Details
    • $745,000
      2,009 SF

      Versatile Office Building in Totowa

      High-visibility office building suitable for diverse professional and commercial activities.
      232 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $125,000

      Established Cafe on Union Blvd

      Prime corner cafe with updated equipment and high visibility.
      179 Union Blvd, Totowa, NJ 07512
      View Details
    • $80,000

      Turnkey Pizzeria Opportunity in Totowa

      Fully equipped pizzeria restaurant in a high-traffic Totowa location.
      384 Totowa Ave, Totowa, NJ 07512
      View Details
    • Contact for pricing

      Totowa Office Space for Lease

      Prime Totowa Office, $2300/month
      290 Union Blvd, Totowa, NJ 07512
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Charming Stand-Alone Office Building

      Stand-alone office building in Totowa with great exposure.
      554 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • $1,675 /Mo

      Totowa Commercial Space For Rent

      Commercial space available in a busy Totowa location.
      335 Union Blvd, Totowa Boro, NJ 07512
      View Details
    • Contact for pricing
      9,000 SF

      Retail and Professional Offices Available

      Retail and professional office spaces for rent in Totowa, NJ.
      55 Union Blvd, Totowa, NJ 07512
      View Details
    • $2,000 /Mo

      Retail Space on Union Boulevard

      800 SF retail space with great visibility available for rent.
      340 Union Blvd, Totowa, NJ 07512
      View Details
    • $28 SF/Yr

      Retail Space in Totowa, NJ

      Prime retail space in well-maintained strip mall near Route 46.
      400 Minnisink Rd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      5,352 SF

      Totowa Warehouse Available For Rent

      5,352 SF warehouse space available for rent in Totowa.
      140 Commerce Way, Totowa, NJ 07512
      View Details
    View Listing
    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.
    140 Shepherds Ln
    Totowa, NJ 07512
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!