Property profile & analytics
327 Franklin Ave Wyckoff, NJ 07481-2041
- Commercial real estate
- 2,252 SF
- 19.04 lot acres
OFF-MARKET
Value Estimations
$605,000
Show details
Cap Rate Potential
8.5%
Commercial real estate
Location Intelligence
Property ID
US59-1311052
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
- Salons By JC Wyckoff / Hair Salon / Nail Salon
- Kristen Marie Hair / Hair Salon
- Haven Square LLC / Hair Salon
- Hackensack Meridian Urgent Care PLUS - Wyckoff / Medical Clinic
- Verizon / Mobile Phone Store / Electronics & Wireless Store
Property Details for 327 Franklin Ave
- Year built
- 1949
- Construction
- CONCRETE BLOCKS
- Lot size
- 19.04 lot acres
- Property size
- 2,252 SF
- Property type
- Commercial real estate
- APN
- 70 00216- 01-00024- 01
- APU
- 7000216010002401
Description
Boulder Run Shopping Center in Wyckoff, New Jersey, offers a fantastic retail opportunity within a thriving, redeveloped center. This bustling shopping destination, located at 327 Franklin Ave, 07481, in northwestern Bergen County, features a diverse mix of national and local tenants. Currently, there is 3,774 square feet of vacant storefront space available, divisible to a minimum of 1,750 square feet and with a maximum contiguous space of 1,800 square feet. The center boasts a total of 175,622 square feet of retail space, anchored by a 30,000 square foot Marshall's and a 73,000 square foot Super Stop & Shop. In addition to these major anchors, the center includes over 70,000 square feet of specialty retail space occupied by a variety of popular businesses such as Goldfish Swim School, European Wax Center, Pure Barre, Mathnasium, GNC, Amazing Lash Studio, Cycle Bar, Starbucks, and PROSE nail salon. The property provides ample parking with 1,000 spaces, offering a generous 5.7 parking spaces per 1,000 square feet of retail space. This prime location in a high-traffic area presents a unique opportunity for businesses seeking exposure in a vibrant and well-established shopping center. The addition of new apartment residences further enhances the center's appeal and customer base.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $370,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $525,000
- 6.5%
- $485,000
- 7%
- $450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $631,000
Market price range: $370k - $631k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $660,000 Current use
- OFFICE BUILDING
- $545,000 Change: -17% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wyckoff
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.1671
- Latitude
- 41.0125
- 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
$1,318,362
$26,667,900
$42,332,100
$69,000,000
-
$26,667,900
$42,332,100
$69,000,000
