Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    263 Washington Ave Dumont, NJ 07628

    Property Lookup

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

    263 Washington Ave Dumont, NJ 07628

    View on Map
    • Office properties & Spaces
    For Lease
    $5,000/Mo
    View Listing →
    Professional Office Space For Rent For Lease
    $5,000/Mo

    Professional Office Space For Rent

    Well-located office space with high visibility and ample parking.

    263 Washington Ave, Dumont, NJ 7628
    View Listing
    Property ID
    US59-1687502
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Christopher A. Weiss, DO / Pediatrician / Medical Clinic
    • Peter F. Rossi, DPM / Physician
    • Dr. Howard S. Friedman, MD / Pediatrician / Medical Clinic
    • Singer Jonathan M DPM / Physician
    • Affiliated Foot Surgeons Pa / Physician

    Property Details for 263 Washington Ave

    Property type
    Office properties & Spaces

    Description

    This exceptional office space, located at 263 Washington Avenue in Dumont, New Jersey, presents a fantastic opportunity for a small business seeking a convenient and affordable location. The property is listed at $2100, offering excellent value for its prime location within the vibrant Dumont community. While the exact square footage is not currently specified, the property is an office space situated on a lot with no acreage. The address, 263 Washington Avenue, provides easy access to local amenities, transportation routes, and a thriving business environment. This makes it an attractive option for companies seeking a professional and accessible workspace. The asking price reflects a competitive market rate, making this an attractive investment for businesses looking to establish or expand their operations in a desirable New Jersey location. Interested parties are encouraged to inquire further to obtain additional details and schedule a viewing. This property is ready for immediate occupancy and offers a unique chance to secure a well-positioned office space in a sought-after area. The absence of acreage indicates a compact and efficient layout, perfect for a streamlined business operation. Don't miss this opportunity to secure your ideal workspace in Dumont.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dumont
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9921
    Latitude
    40.9442

    Comparable in this City

    • Contact for pricing

      Fully Leased Commercial Building

      Well-maintained commercial building with long-term tenants and stable income.
      103 Armour Pl, Dumont, NJ 07628
      View Details
    • $1,250,000

      Dumont Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units in Dumont.
      149 Washington Ave, Dumont, NJ 07628
      View Details
    • Contact for pricing

      Prime Dumont Development Opportunity

      15 Acres, Excellent Location
      21-31 New Milford Ave, Dumont, NJ 07628
      View Details
    • Contact for pricing

      Washington Avenue Commercial Property

      Commercial property available for sale on Washington Avenue.
      62 Washington Ave Unit, Dumont, NJ 07628
      View Details
    • $1,300,000
      6,089 SF

      Dumont Multifamily Investment Opportunity

      Eight-unit apartment complex in a desirable Dumont neighborhood.
      16 Roosevelt Ave, Dumont, NJ 07628
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fully Leased Commercial Building

      Well-maintained commercial building with long-term tenants and stable income.
      103 Armour Pl, Dumont, NJ 07628
      View Details
    • $1,250,000

      Dumont Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units in Dumont.
      149 Washington Ave, Dumont, NJ 07628
      View Details
    • Contact for pricing

      Prime Dumont Development Opportunity

      15 Acres, Excellent Location
      21-31 New Milford Ave, Dumont, NJ 07628
      View Details
    • Contact for pricing

      Washington Avenue Commercial Property

      Commercial property available for sale on Washington Avenue.
      62 Washington Ave Unit, Dumont, NJ 07628
      View Details
    • $1,300,000
      6,089 SF

      Dumont Multifamily Investment Opportunity

      Eight-unit apartment complex in a desirable Dumont neighborhood.
      16 Roosevelt Ave, Dumont, NJ 07628
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo

      Dumont Commercial Property For Rent

      Versatile commercial property with reception area and private offices.
      263 Washington Ave, Dumont, NJ 07628
      View Details
    • Contact for pricing
      4,275 SF

      Retail/Medical Space Near NYC

      Retail or medical space in a popular retail corridor.
      40 Washington Ave, Dumont, NJ 07628
      View Details
    • $2,700 /Mo

      Dumont Office Space For Rent

      Versatile commercial property in the heart of Dumont.
      263 Washington Ave, Dumont, NJ 07628
      View Details
    • $5,000 /Mo

      Professional Office Space For Rent

      Well-located office space with high visibility and ample parking.
      263 Washington Ave, Dumont, NJ 07628
      View Details
    • $4,600 /Mo
      1,400 SF

      Prime Corner Retail Space Available

      Highly visible corner storefront in Dumont's bustling business district.
      2 E Madison Ave, Dumont, NJ 07628
      View Details
    • $120,000

      Two-Story School Building For Rent

      Two-story school building with basement, shared use, Dumont, NJ.
      21-31 New Milford Ave, Dumont, NJ 07628
      View Details
    View Listing
    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.
    263 Washington Ave
    Dumont, NJ 07628
    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.
    Sign Up Successful!
    You now have access to more from Realmo!