855 Valley RdClifton, NJ 07013

  • Office properties
  • 2.09 AC
For Lease

Property Details for 855 Valley Rd

Year built
1983
Construction
CONCRETE BLOCKS
Lot size
2.09 AC
Zone code
B-D
Property type
Office properties
Property subtype
Office buildings
APN
02 00044- 10-00039
APU
2000441000039

Description

This exceptional 63,000 square foot medical office building in Clifton, New Jersey, offers a variety of leasing options. Located in Passaic County at 855 Valley Road, zip code 07013, this multi-tenant property currently has 22,742 square feet of vacant space. Flexible floor plans cater to diverse needs, with available suites ranging from 4,877 to 21,000 square feet. First-floor suites include 4,877 and 7,483 square foot options, combinable for a total of 12,360 square feet. Second-floor suites offer 4,883 and 5,499 square foot spaces, combinable for 10,382 square feet. The 4,883 square foot suite is further divisible into 1,787 and 3,096 square foot units. The entire third floor comprises 21,000 square feet, divisible from 5,000 square feet. Build-to-suit options for 43,742 square feet are also available. Spaces are adaptable to tenant requirements, with renovations provided to meet specific needs. The building provides dedicated covered parking for medical professionals. This property presents a unique opportunity for medical practices seeking flexible and modern office space in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,015,755
    6.5%
    $13,860,697
    7%
    $12,870,647
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,866,933
    Geo Method
    $11,866,933
  • Alternative Use

    Use
    Valuation
    Residential
    $17,187,264
    Hospitality
    $15,743,441
    Educational
    $13,098,358
    Medical
    $13,548,831
    Retail
    $20,375,224
855 Valley Rd, Clifton, New Jersey

Location Insight

City
Clifton
County
Passaic
State
New Jersey
Latitude
40.8717
Longitude
-74.1885
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
$238,375
-
-
$4,174,700
-
$1,886,000
$2,369,700
$4,255,700

FAQs

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