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

    327 Franklin Ave Wyckoff, NJ 07481

    • Commercial real estate
    • 2,252 SF
    • 19.04 lot acres
    For Lease
    View listing
    Value Estimations
    $430,000
    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 / Beauty Salon
    • Kristen Marie Hair / Hair Salon
    • Haven Square LLC / Hair Salon
    • Hackensack Meridian Urgent Care PLUS - Wyckoff / Urgent Care Center
    • Verizon / Internet Service Provider / Telecommunications Service Provider

    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

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $545,000

    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

    Comparable in this City

    • Value Estimation
      $420,000
      2.44 Acres

      541 Cedar Hl Ave

      COMMERCIAL (GENERAL) • 2.44 Acres
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      View Details
    • Value Estimation
      $415,000
      0.25 Acres

      378 Franklin Ave

      COMMERCIAL (GENERAL) • 0.25 Acres
      378 Franklin Ave, Wyckoff, NJ 07481-1963
      View Details
    • Value Estimation
      $520,000
      7.40 Acres

      430 Greenwood Ave

      COMMERCIAL (GENERAL) • 7.40 Acres
      430 Greenwood Ave, Wyckoff, NJ 07481-2059
      View Details
    • Value Estimation
      $350,000
      0.89 Acres

      690 Wyckoff Ave

      COMMERCIAL (GENERAL) • 0.89 Acres
      690 Wyckoff Ave, Wyckoff, NJ 07481-1501
      View Details
    • Value Estimation
      $440,000
      3,255 SF

      235 Everett Ave

      COMMERCIAL (GENERAL) • 3,255 SF
      235 Everett Ave, Wyckoff, NJ 07481-1944
      View Details
    • Value Estimation by Request

      568 Wellington Dr

      COMMERCIAL (GENERAL)
      568 Wellington Dr, Wyckoff, NJ 07481-1133
      View Details

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    Similar Nearby for Lease

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      Wyckoff Commercial Land Opportunity

      Prime Bergen County location, single tenant.
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      Retail Space in Wyckoff, NJ

      Retail space available for rent in Wyckoff, New Jersey.
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      175,622 SF

      Boulder Run Retail Space Available

      Prime Wyckoff, NJ storefront space.
      327 Franklin Ave, Wyckoff, NJ 07481
      View Details
    • $1,600 /Mo

      Professional Shared Office Space Available

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    327 Franklin Ave
    Wyckoff, NJ 07481
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    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
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