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

    22 Franklin Ave Clifton, NJ 07011

    • Industrial properties
    • 3,600 SF
    • 0.10 lot acres
    For Sale
    View listing
    $950,000
    Last Sale
    Sep 20, 2024
    $555,000
    Value Estimations
    Cap Rate Potential
    7.3%
    Industrial properties
    Location Intelligence
    Property ID
    US59-2043916
    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

    • Industrial properties

    Property Details for 22 Franklin Ave

    Construction
    CONCRETE BLOCKS
    Lot size
    0.10 lot acres
    Property size
    3,600 SF
    Zone code
    M-2
    Property type
    Industrial properties
    APN
    02 00010- 14-00021
    APU
    2000101400021

    Description

    This exceptional Clifton, NJ commercial property offers approximately 3,700 square feet of versatile space, perfect for a variety of businesses. Situated on a 0.1-acre lot at 22 Franklin Avenue, the property boasts a convenient loading dock, streamlining logistics and enhancing operational efficiency. High ceilings contribute to a spacious and open feel, maximizing flexibility for various layouts and uses. A dedicated, separate office space provides a professional environment for administrative tasks and client interactions. Ample on-site parking is available, ensuring convenient access for employees and customers. The strategic Clifton location offers excellent visibility and accessibility, making this property an ideal choice for businesses seeking a functional and well-situated space. The asking price is $950,000. This property presents a unique opportunity to establish or expand a commercial enterprise in a thriving area. The combination of size, features, and location makes this a highly desirable commercial offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $555,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $620,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $737,000
      Market price range: $400k - $750k
      AI Estimate
      $354,000
      Market price range: $147k - $390k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $790,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $665,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1433
    Latitude
    40.8817
    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
    2023
    $14,502
    $76,500
    $173,800
    $250,300
    -
    $76,500
    $173,800
    $250,300

    Comparable in this City

    • Value Estimation
      $415,000
      2.52 Acres

      125 Clifton Blvd

      INDUSTRIAL (GENERAL) • 2.52 Acres
      125 Clifton Blvd, Clifton, NJ 07011-3806
      View Details
    • Value Estimation
      $395,000
      2.16 Acres

      14 Ackerman Ave Rear Of

      INDUSTRIAL (GENERAL) • 2.16 Acres
      14 Ackerman Ave Rear Of, Clifton, NJ 07011-1502
      View Details
    • Value Estimation
      $5,465,000
      3.34 Acres

      14 Ackerman Ave

      INDUSTRIAL (GENERAL) • 3.34 Acres
      14 Ackerman Ave, Clifton, NJ 07011-1502
      View Details
    • Value Estimation
      $455,000
      7,830 SF

      61 Clifton Blvd

      INDUSTRIAL (GENERAL) • 7,830 SF
      61 Clifton Blvd, Clifton, NJ 07011
      View Details
    • Value Estimation
      $700,000
      8,460 SF

      204 Getty Ave

      INDUSTRIAL (GENERAL) • 8,460 SF
      204 Getty Ave, Clifton, NJ 07011-1804
      View Details
    • Value Estimation
      $240,000
      0.80 Acres

      Madison Ave

      INDUSTRIAL (GENERAL) • 0.80 Acres
      Madison Ave, Clifton, NJ 07011
      View Details

    Similar Nearby for Sale

    • $850,000

      Versatile Clifton Commercial Space For Sale

      3700 sqft commercial space with loading dock and office.
      22 Franklin Ave, Clifton, NJ 07011
      View Details
    • $4,299,000
      26,000 SF

      Clifton Industrial/Warehouse Space For Sale

      23,275 SF industrial/warehouse space in prime Clifton location.
      174 Getty Ave, Clifton, NJ 07011
      View Details
    • Contact for pricing
      175,000 SF

      Large Mill Building For Sale

      175,000+ sq ft mill building with office space.
      1000 Main Ave, Clifton, NJ 07011
      View Details
    • $299,000
      Pending

      Clifton Multifamily Property for Sale

      Multifamily property in Clifton, NJ requiring complete renovation.
      9 Van Cleve Ave, Clifton, NJ 07011
      View Details
    • $725,000

      Clifton Three-Family Investment Opportunity

      Three-family home in Clifton with separate utilities and ample parking.
      311 Lexington Ave, Clifton, NJ 07011
      View Details
    • $799,000

      Clifton Duplex: Renovated Investment Property

      Renovated two-family home in Clifton, ideal for investors.
      134 Knapp Ave, Clifton, NJ 07011
      View Details

    Similar Nearby for Lease

    • $8,300 /Mo
      24,396 SF

      Clifton Warehouse Space Available

      Main floor warehouse space with office, drive-in doors, parking.
      71 Crooks Ave, Clifton, NJ 07011
      View Details
    • $10,000 /Mo

      Commercial Industrial Warehouse with Office

      Commercial industrial warehouse with office space for lease in Clifton.
      1038 Main Ave, Clifton, NJ 07011
      View Details
    • $1,400 /Mo

      Office Space on Main Ave

      Office space for rent, suitable for medical or storage.
      1135 Main Ave, Clifton, NJ 07011
      View Details
    • $2,100 /Mo

      Two-Bedroom Apartment Available For Rent

      Two-bedroom apartment with living and dining rooms available for rent.
      293 Burgess Pl, Clifton, NJ 07011
      View Details
    • $2,700 /Mo

      Clifton Apartment with Modern Kitchen

      Apartment in Clifton featuring three bedrooms and modern eat-in kitchen.
      106 Knapp Ave, Clifton, NJ 07011
      View Details
    • $2,600 /Mo

      Renovated Office Space For Rent

      Renovated 1,320 SF office space with flexible layout.
      1149 Main Ave, Clifton, NJ 07011
      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.
    22 Franklin Ave
    Clifton, NJ 07011
    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.