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

    202 Main Ave Clifton, NJ 07014-1709

    • Commercial real estate
    • 28,926 SF
    • 2.27 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2022
    $7,000,000
    Value Estimations
    $7,065,000
    Show details
    Cap Rate Potential
    5.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-3036363
    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 202 Main Ave

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    2.27 lot acres
    Property size
    28,926 SF
    Zone code
    M-2
    Property type
    Commercial real estate
    APN
    02 00072- 06-00036
    APU
    2000720600036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,100,000
      ML approach
      $7,165,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,990,000
      6.5%
      $5,525,000
      7%
      $5,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,654,000
      Market price range: $4.48M - $9.18M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,645,000
      Current use
      OFFICE BUILDING
      $5,325,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1383
    Latitude
    40.8329
    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
    $168,177
    $681,000
    $2,264,300
    $2,945,300
    -
    $681,000
    $2,264,300
    $2,945,300

    Comparable in this City

    • Value Estimation by Request
      13.98 Acres

      50 Kingsland Rd

      COMMERCIAL (GENERAL) • 13.98 Acres
      50 Kingsland Rd, Clifton, NJ 07014
      View Details
    • Value Estimation by Request
      11.94 Acres

      20 Bridewell Pl

      COMMERCIAL (GENERAL) • 11.94 Acres
      20 Bridewell Pl, Clifton, NJ 07014-1724
      View Details
    • Value Estimation
      $1,150,000
      5,112 SF

      19 Main Ave

      COMMERCIAL (GENERAL) • 5,112 SF
      19 Main Ave, Clifton, NJ 07014-1913
      View Details
    • Value Estimation
      $1,005,000
      2,450 SF

      210 Main Ave

      COMMERCIAL (GENERAL) • 2,450 SF
      210 Main Ave, Clifton, NJ 07014-1709
      View Details
    • Value Estimation by Request
      3,068 SF

      171 Riv Rd

      COMMERCIAL (GENERAL) • 3,068 SF
      171 Riv Rd, Clifton, NJ 07014-1518
      View Details
    • Value Estimation
      $1,705,000
      8,919 SF

      584 State Rt 3rd 3

      COMMERCIAL (GENERAL) • 8,919 SF
      584 State Rt 3rd 3, Clifton, NJ 07014-1610
      View Details

    Similar Nearby for Sale

    • $600,000

      Well-Maintained Two-Family Home

      Two-family home near transportation, ideal for investors or first-time buyers.
      33 Delawanna Ave, Clifton, NJ 07014
      View Details
    • $1,050,000

      Clifton Mixed-Use Investment Opportunity

      Two buildings, great location, high potential.
      12 Oak St, Clifton, NJ 07014
      View Details
    • $849,000

      Spacious Two-Family Home Near Transit

      Elegant 6-bedroom home near train, buses, shopping, and dining.
      296 Delawanna Ave, Clifton, NJ 07014
      View Details
    • $799,000

      Multifamily Property in Clifton, NJ

      Multifamily property for sale in Clifton, New Jersey.
      311 Rutherford Blvd, Clifton, NJ 07014
      View Details
    • $535,000

      Charming Two-Family Home in Clifton

      Bright two-family home with off-street parking and private outdoor area.
      249 Delawanna Ave, Clifton, NJ 07014
      View Details
    • $777,000
      Pending

      Clifton City Multi-Family Property

      Multi-family property for sale in Clifton City, New Jersey.
      322 Rutherford Blvd, Clifton, NJ 07014
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      12,720 SF

      Clifton Flex/Industrial Space Available

      Flex/Industrial space available for lease in Clifton, New Jersey.
      145 Main Ave, Clifton, NJ 07014
      View Details
    • $2,500 /Mo

      Main Avenue Office Suite Rental

      Second-floor office suite with unique layout and arcade room.
      412 Main Ave, Clifton, NJ 07014
      View Details
    • $11 SF/Yr
      34,000 SF

      Industrial Facility with Heavy Power

      34,000 SF industrial facility with heavy power for rent.
      180 Kingsland Rd, Clifton, NJ 07014
      View Details
    • Contact for pricing
      57,000 SF

      Clifton, NJ Industrial Space

      57,000 SF Flex Space Available
      71 Kingsland Ave, Clifton, NJ 07014
      View Details
    • Contact for pricing
      57,000 SF

      Kingsland Logistics Center Industrial Space

      Industrial and office spaces available in Northern New Jersey.
      65 Kingsland Ave, Clifton, NJ 07014
      View Details
    • Contact for pricing
      7,630 SF

      Industrial Space Near New York

      Industrial property with immediate access to major routes.
      65 Kingsland Ave, Clifton, NJ 07014
      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.
    202 Main Ave
    Clifton, NJ 07014-1709
    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.