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    Property profile & analytics

    505 Goffle Rd Ridgewood, NJ 07450-4027

    • Office Properties & Spaces
    • 1,529 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US59-2159584
    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

    • Anson Moise, MD / Orthopedic Clinic
    • Ivy League Medical / Orthopedic Surgeon
    • Jason Baynes MD / Sports Medicine Physician / Pain Management Physician
    • Thomas Scilaris, MD / Orthopedic Clinic
    • Epperlein Jennifer I DO / Doctor

    Property Details for 505 Goffle Rd

    Year built
    1990
    Lot size
    0.04 lot acres
    Property size
    1,529 SF
    Zone code
    B2
    Property type
    Office Properties & Spaces
    APN
    51 02807-0000-00002- 201
    APU
    5102807000000002201

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $485,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $390,000
      Mixed-Use
      $375,000
      Hospitality
      $400,000
      Educational
      $455,000
      Residential Income
      $475,000
      Energy
      $485,000
      Income-Based Land
      $435,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1471
    Latitude
    40.9738
    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
    $10,030
    $152,900
    $214,100
    $367,000
    -
    $152,900
    $214,100
    $367,000

    Comparable in this City

    • Value Estimation
      $425,000
      2,740 SF

      505 Goffle Rd

      CONDOMINIUM OFFICES • 2,740 SF
      505 Goffle Rd, Ridgewood, NJ 07450-4027
      View Details
    • Value Estimation
      $310,000
      0.04 Acres

      75 Maple Ave

      CONDOMINIUM OFFICES • 0.04 Acres
      75 Maple Ave, Ridgewood, NJ 07450-3247
      View Details
    • Value Estimation
      $300,000
      0.03 Acres

      61 Maple Ave

      CONDOMINIUM OFFICES • 0.03 Acres
      61 Maple Ave, Ridgewood, NJ 07450-3255
      View Details
    • Value Estimation
      $265,000
      0.01 Acres

      61 Maple Ave

      CONDOMINIUM OFFICES • 0.01 Acres
      61 Maple Ave, Ridgewood, NJ 07450-3255
      View Details
    • Value Estimation by Request

      290 Oak St

      Office Properties & Spaces
      290 Oak St, Ridgewood, NJ 07450
      View Details
    • Value Estimation
      $275,000
      0.01 Acres

      61 Maple Ave

      CONDOMINIUM OFFICES • 0.01 Acres
      61 Maple Ave, Ridgewood, NJ 07450-3255
      View Details

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    Similar Nearby for Lease

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    • $30 SF/Yr
      1,985 SF

      Ridgewood Office Space Available

      1985 square foot office space for rent in Ridgewood.
      505 Goffle Rd, Ridgewood, NJ 07450
      View Details
    • $6,500 /Mo
      1,750 SF

      Renovated Commercial Space, Parking Included

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    • $4,834 /Mo

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      Remodeled office suite with parking and elevator access.
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      View Details
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    505 Goffle Rd
    Ridgewood, NJ 07450-4027
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    Realmo Value Estimation

    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.

    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.

    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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