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

    572 Pompton Ave Cedar Grove, NJ 07009

    • Commercial real estate
    • 1.27 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Last Sale
    Jun 25, 2025
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1298199
    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 572 Pompton Ave

    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.27 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    04 00110-0000-00161
    APU
    400110000000161

    Description

    This exceptional retail property, located at 572 Pompton Avenue in Cedar Grove, New Jersey, presents a unique investment opportunity. The single-tenant building boasts a generous 4,773 square feet of space, currently vacant and ready for immediate occupancy. Situated on a sizable 1.27-acre lot, the property offers ample room for expansion or outdoor amenities. Built in 1960, the building is zoned B- Retail Shopping Zone within Essex County, ensuring a suitable environment for a variety of retail businesses. Parking is conveniently provided at a ratio of approximately 4.19 spaces per 1,000 square feet. The property enjoys excellent accessibility, with close proximity to major transportation arteries. It's approximately 3.06 miles from Route 46, 3.84 miles from I-80, 4.7 miles from I-280, and 19.9 miles from the George Washington Bridge, providing convenient access for both employees and customers. This location offers significant potential for a thriving retail operation in a well-established community. The property's size, zoning, and strategic location make it an ideal choice for businesses seeking a prominent presence in a high-traffic area of Cedar Grove, NJ. The 07009 zip code offers a strong demographic profile. This is a rare opportunity to acquire a substantial retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2301
    Latitude
    40.8526
    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
    $51,665
    $585,000
    $1,430,000
    $2,015,000
    -
    $585,000
    $1,430,000
    $2,015,000

    Comparable in this City

    • Value Estimation by Request
      0.54 Acres

      411 Pompton Ave

      COMMERCIAL (GENERAL) • 0.54 Acres
      411 Pompton Ave, Cedar Grove, NJ 07009-1800
      View Details
    • Value Estimation
      $750,000
      4.46 Acres

      599 Pompton Ave

      COMMERCIAL (GENERAL) • 4.46 Acres
      599 Pompton Ave, Cedar Grove, NJ 07009-1743
      View Details
    • Value Estimation
      $555,000
      3.98 Acres

      536 Rdg Rd

      COMMERCIAL (GENERAL) • 3.98 Acres
      536 Rdg Rd, Cedar Grove, NJ 07009-1611
      View Details
    • Value Estimation by Request
      2,409 SF

      249 Little Fls Rd

      COMMERCIAL (GENERAL) • 2,409 SF
      249 Little Fls Rd, Cedar Grove, NJ 07009-1223
      View Details
    • Value Estimation
      $4,595,000
      18,806 SF

      691 Pompton Ave

      COMMERCIAL (GENERAL) • 18,806 SF
      691 Pompton Ave, Cedar Grove, NJ 07009-1211
      View Details
    • Value Estimation
      $620,000
      0.41 Acres

      492 Pompton Ave

      COMMERCIAL (GENERAL) • 0.41 Acres
      492 Pompton Ave, Cedar Grove, NJ 07009-1805
      View Details

    Similar Nearby for Sale

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    • $25 SF/Yr
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      Retail Banking Opportunity in Cedar Grove

      Retail banking space available in Cedar Grove, New Jersey.
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    • $1,050 /Mo
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      Professional Office Condo For Rent

      Sun-filled office condo with renovated amenities and ample parking.
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      Retail Space in Anchored Center

      Retail space available in a high-visibility shopping center.
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    Cedar Grove, NJ 07009
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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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