Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1401 Maple Ave Hillside, NJ 07205

    • Commercial real estate
    • 9,999 SF
    • 0.18 lot acres
    For Sale
    View listing
    $2,650
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2133156
    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

    • Commercial real estate

    Property Details for 1401 Maple Ave

    Year built
    1924
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    9,999 SF
    Zone code
    R40
    Property type
    Commercial real estate
    APN
    07 01107-0000-00008
    APU
    701107000000008

    Description

    This exceptional mixed-use property, located at 1401 Maple Avenue in Hillside, NJ, presents a remarkable opportunity for entrepreneurs. Situated on a 0.18-acre lot, this vacant building offers endless possibilities for a variety of businesses. Its prime corner location ensures high visibility and significant street traffic, maximizing exposure for any new venture. The previous tenant operated a grocery store, indicating the suitability of the space for retail or food-related businesses. A key feature is the existing cooking range hood, a valuable asset for food service establishments. The property is readily available for immediate occupancy, and the landlord is open to negotiating rent-free periods, making this an even more attractive proposition. The building is easily accessible and vacant, with a readily available GSMLS box for convenient access. Don't miss this chance to establish your business in a thriving location with excellent potential for growth and success. This is a must-see property for anyone seeking a high-traffic, visible location to launch their business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,336,000
      Market price range: $1.34M - $3.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillside
    County
    Union
    State
    New Jersey
    Longitude
    -74.2238
    Latitude
    40.6991
    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
    $14,211
    $85,400
    $93,600
    $179,000
    -
    $85,400
    $93,600
    $179,000

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      272 Long Ave, Unit 4

      COMMERCIAL (GENERAL) • 0.16 Acres
      272 Long Ave, Hillside, NJ 07205-2327
      View Details
    • Value Estimation by Request
      0.11 Acres

      1240 Liberty Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
      1240 Liberty Ave, Hillside, NJ 07205-2033
      View Details
    • Value Estimation by Request
      0.09 Acres

      1248 Liberty Ave, Unit 50

      COMMERCIAL (GENERAL) • 0.09 Acres
      1248 Liberty Ave, Hillside, NJ 07205-2033
      View Details
    • Value Estimation by Request
      1,880 SF

      236 Hollywood Ave

      COMMERCIAL (GENERAL) • 1,880 SF
      236 Hollywood Ave, Hillside, NJ 07205-2438
      View Details
    • Value Estimation by Request
      3,413 SF

      1273 Liberty Ave

      COMMERCIAL (GENERAL) • 3,413 SF
      1273 Liberty Ave, Hillside, NJ 07205
      View Details
    • Value Estimation by Request

      100 Burnett St

      COMMERCIAL (GENERAL)
      100 Burnett St, Hillside, NJ 07205-1001
      View Details

    Similar Nearby for Sale

    • $530,000
      1,026 SF

      Mixed-Use Property with Barber Shop

      Live and work opportunity in Hillside Twp., NJ.
      339 Hillside Ave, Hillside, NJ 07205
      View Details
    • Contact for pricing

      Hillside NJ Industrial Warehouse

      20,000 SF Warehouse, 5 Cranes
      265 Pennsylvania Ave, Hillside, NJ 07205
      View Details
    • $530,000
      1,026 SF

      Mixed-Use Property with Rental Potential

      Versatile mixed-use property with dual rental income potential.
      339 Hillside Ave, Hillside, NJ 07205
      View Details
    • $850,000
      0.17 Acres

      Hillside, NJ Commercial Investment

      Commercial property with four tenants and monthly rental income.
      1455 Liberty Ave, Hillside, NJ 07205
      View Details
    • $570,000
      Pending

      Mixed-Use Storefront with Apartment

      Storefront plus 3BR apartment with finished basement and garage.
      410 Bloy St, Hillside, NJ 07205
      View Details
    • $850,000
      4,400 SF

      Hillside Commercial Property Investment Opportunity

      4,400 SF commercial property with four tenants in Hillside, NJ.
      1455 Liberty Ave, Hillside, NJ 07205
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo

      Hillside Avenue Multifamily Rental

      Multifamily property for rent in Hillside, NJ, priced $2700.
      316 Hillside Ave, Hillside, NJ 07205
      View Details
    • Contact for pricing

      Industrial Warehouse with High Ceilings

      33,000 SF industrial/warehouse space with modern features available immediately.
      6 Hoffman Pl, Hillside, NJ 07205
      View Details
    • $22 SF/Yr
      4,750 SF

      Retail Space Near Major Roadways

      Retail space available near Hillside Municipal and major roadways.
      1398 Liberty Ave, Hillside, NJ 07205
      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.
    1401 Maple Ave
    Hillside, NJ 07205
    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.