Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    16 Orono St Clifton, NJ 07013-2012

    • Warehouses
    • 4,342 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2788392
    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

    • Clifton Mobile Auto Mechanic / Auto Repair Shop

    Property Details for 16 Orono St

    Year built
    1959
    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property size
    4,342 SF
    Zone code
    M-2
    Property type
    Warehouses
    APN
    02 00030- 11-00070
    APU
    2000301100070

    Description

    This exceptional commercial property located at 16 ORONO ST, Clifton, NJ presents a unique investment opportunity. The 4,500 square foot building sits on a 0.17-acre lot and is ideally suited for a millworking company, offering a seamless transition for an established business. All existing machinery is included in the sale, with some equipment being new. The current owner is transitioning to architectural design, making this a turnkey operation for a buyer. The property boasts a desirable location in a peaceful Clifton neighborhood, providing a tranquil work environment. Convenient off-street parking is available for employees and clients. The asking price for this well-maintained building and its operational equipment is $7200. This represents a compelling opportunity to acquire a profitable, established business with significant potential for growth. The manageable size of the building makes it an efficient and cost-effective operation. This is a rare chance to acquire a ready-to-go business in a desirable location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $244,000
      Market price range: $130k - $286k

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1515
    Latitude
    40.8653
    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
    $14,954
    $150,000
    $111,900
    $261,900
    -
    $150,000
    $111,900
    $261,900

    Comparable in this City

    • Value Estimation
      $295,000
      3,373 SF

      33 Sebago St

      WAREHOUSE, STORAGE • 3,373 SF
      33 Sebago St, Clifton, NJ 07013-1923
      View Details
    • Value Estimation
      $530,000
      4.65 Acres

      160 Fornelius Ave

      WAREHOUSE, STORAGE • 4.65 Acres
      160 Fornelius Ave, Clifton, NJ 07013-1844
      View Details
    • Value Estimation
      $4,605,000
      21,818 SF

      2 Broad St

      WAREHOUSE, STORAGE • 21,818 SF
      2 Broad St, Clifton, NJ 07013-1005
      View Details
    • Value Estimation by Request
      11.82 Acres

      1 Lisbon St

      WAREHOUSE, STORAGE • 11.82 Acres
      1 Lisbon St, Clifton, NJ 07013-2003
      View Details
    • Value Estimation
      $520,000
      15,320 SF

      4 Orono St

      WAREHOUSE, STORAGE • 15,320 SF
      4 Orono St, Clifton, NJ 07013-2012
      View Details
    • Value Estimation
      $360,000
      7,950 SF

      132 Campbell Ave

      WAREHOUSE, STORAGE • 7,950 SF
      132 Campbell Ave, Clifton, NJ 07013
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,500 SF

      Industrial Building with Land

      4,500+ sq ft building suitable for woodworking or warehouse.
      16 Orono St, Clifton, NJ 07013
      View Details
    • $1,200,000

      Custom Mill Opportunity For Sale

      High-end custom mill with equipment, building, and land included.
      16 Orono St, Clifton, NJ 07013
      View Details
    • $1,200,000

      Custom Mill with Equipment Included

      Turnkey custom millwork opportunity with equipment, building, and land.
      16 Orono St, Clifton, NJ 07013
      View Details
    • $1,850,000
      5,040 SF

      Renovated Office Building in Clifton

      Fully renovated 5,040 sq. ft. commercial building for sale.
      992 Clifton Ave, Clifton, NJ 07013
      View Details
    • $475,000

      Multifamily Home in Desirable Neighborhood

      Multifamily home with renovation potential in a prime location.
      26 Major St, Clifton, NJ 07013
      View Details
    • $499,000

      Harcourt Road Specialty Property

      Specialty property available for sale in Clifton, New Jersey.
      8205 Harcourt Rd, Clifton, NJ 07013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Clifton Warehouse with Loading Dock

      13,348 SF warehouse with loading dock and drive-in.
      156 Huron Ave, Clifton, NJ 07013
      View Details
    • $2,055,000

      Clifton City Warehouse For Rent

      Warehouse/Industrial property available for lease in Clifton City, NJ.
      207 Valley Rd, Clifton, NJ 07013
      View Details
    • $7,500 /Mo

      Clifton Warehouse Near Transportation

      Versatile warehouse space in Clifton, close to NYC transportation.
      180 Sargeant Ave, Clifton, NJ 07013
      View Details
    • $6,500 /Mo

      Clifton Specialty Property For Rent

      Specialty property available for rent in Clifton, New Jersey.
      1115 Clifton Ave, Clifton, NJ 07013
      View Details
    • $2,400 /Mo

      Charming Rental with Finished Attic

      Spacious 1-bedroom with finished attic and modern amenities.
      30 Pleasant Ave, Clifton, NJ 07013
      View Details
    • Contact for pricing
      3,112 SF

      Retail Pad Site Opportunity

      Retail space available on US Highway 46 with high traffic.
      1150 Us Highway 46, Clifton, NJ 07013
      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.
    16 Orono St
    Clifton, NJ 07013-2012
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.