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

    231 Ackerman Ave Clifton, NJ 07011-2057

    • Commercial real estate
    • 4,002 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1245385
    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 231 Ackerman Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property size
    4,002 SF
    Zone code
    R-B3
    Property type
    Commercial real estate
    APN
    02 00008- 18-00007
    APU
    2000081800007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $783,000
      Market price range: $601k - $1.14M
      AI Estimate
      $410,000
      Market price range: $272k - $639k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $875,000
      Current use
      OFFICE BUILDING
      $735,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1295
    Latitude
    40.8759
    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
    $15,623
    $87,400
    $186,200
    $273,600
    -
    $87,400
    $186,200
    $273,600

    Comparable in this City

    • Value Estimation
      $4,080,000
      21,260 SF

      261 Clifton Ave

      COMMERCIAL (GENERAL) • 21,260 SF
      261 Clifton Ave, Clifton, NJ 07011-1842
      View Details
    • Value Estimation
      $2,200,000
      13,135 SF

      635 Lexington Ave

      COMMERCIAL (GENERAL) • 13,135 SF
      635 Lexington Ave, Clifton, NJ 07011-1232
      View Details
    • Value Estimation
      $3,815,000
      21,590 SF

      1236 Main Ave

      COMMERCIAL (GENERAL) • 21,590 SF
      1236 Main Ave, Clifton, NJ 07011
      View Details
    • Value Estimation
      $690,000
      5,961 SF

      399 Lexington Ave

      COMMERCIAL (GENERAL) • 5,961 SF
      399 Lexington Ave, Clifton, NJ 07011-2391
      View Details
    • Value Estimation by Request
      2,070 SF

      248 Ackerman Ave

      COMMERCIAL (GENERAL) • 2,070 SF
      248 Ackerman Ave, Clifton, NJ 07011-2178
      View Details
    • Value Estimation
      $665,000
      2,135 SF

      495 Clifton Ave

      COMMERCIAL (GENERAL) • 2,135 SF
      495 Clifton Ave, Clifton, NJ 07011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.06 Acres

      Clifton Office Space: Prime Location

      New Construction Office, 1400 sq ft, Great Location
      1131 Main Ave, Clifton, NJ 07011
      View Details
    • $950,000
      3,700 SF

      Clifton Commercial Space: Prime Location

      Versatile 3700 sq ft, ample parking, loading dock.
      22 Franklin Ave, Clifton, NJ 07011
      View Details
    • Contact for pricing

      Clifton Office Space for Lease

      Affordable Clifton Office, Main Avenue
      1300 Main Ave, Clifton, NJ 07011
      View Details
    • Contact for pricing
      1,800 SF

      Clifton Retail Space - Main Ave

      Prime Clifton Retail, 1800 SF
      1313 Main Ave, Clifton, NJ 07011
      View Details
    • $950,000
      4,884 SF

      Established Retail Business Over 40 Years

      Retail business established for over 40 years for sale.
      1295 Main Ave, Clifton, NJ 07011
      View Details

    Similar Nearby for Lease

    • $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
    • $2,800 /Mo

      Spacious 3-Bedroom Apartment For Rent

      Bright, spacious 3-bedroom apartment near train, shops, and park.
      136 Clifton Blvd, Clifton, NJ 07011
      View Details
    • $2,350 /Mo

      Spacious Apartment with Off-Street Parking

      Two-bedroom apartment with parking near retail and highways.
      89 Getty Ave, Clifton, NJ 07011
      View Details
    • $2,600 /Mo

      Residential Income Property For Rent

      Multifamily property available for rent in Clifton, NJ.
      23 Trimble Ave, Clifton, NJ 07011
      View Details
    • $2,500 /Mo
      10,019 SF

      Prime Professional Space For Rent

      Lower-level professional space in high-traffic area, ideal for various businesses.
      246 Clifton Ave, Clifton, NJ 07011
      View Details
    • New
      $1,500 /Mo
      600 SF

      Commercial Garage Space in Clifton

      600 sq ft garage with utilities included and parking.
      Clifton City, 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.
    231 Ackerman Ave
    Clifton, NJ 07011-2057
    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.