For Sale
Old Tappan, NJ
Commercial Real Estate Market Trends & Data
$363
Avg asking sale price
$228
Avg asking lease rate
13,224 SF
Avg unit lease size
10,698 SF
Avg building size for sale
5.82%
Average cap rate
Old Tappan's Demographic Profile
Old Tappan has 2,059 households and a median income of $167,635, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 6,132 |
| # Households | 2,059 |
| Median age | 47 |
| Median household income | $167,635 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 254 |
| 5-year population change | 0% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Old Tappan, NJ
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Old Tappan | $247 | 6,457 SF | 6.56% |
| River Vale | $405 | 7,913 SF | 6.56% |
| Westwood | $283 | 7,242 SF | 6.56% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Old Tappan | $405 | 6,763 SF |
| River Vale | $352 | 6,009 SF |
| Westwood | $429 | 4,905 SF |
| Tappan | $327 | 6,106 SF |
| Northvale | $327 | 6,106 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Old Tappan | $255 | 18,256 SF | 5.90% |
| Pearl River | $564 | 5,950 SF | 5.90% |
| Alpine | $245 | 25,311 SF | 8.24% |
| Greenburgh | $442 | 6,156 SF | 7.39% |
| Yonkers | $270 | 13,454 SF | 8.32% |
Commercial Properties For Sale in Old Tappan
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Old Tappan pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Old Tappan | $363 | 10,698 SF |
| River Vale | $334 | 6,431 SF |
| Westwood | $337 | 9,961 SF |
| Tappan | $480 | 3,137 SF |
| Northvale | $1,120 | 2,500 SF |
Regional Demographic Comparison
This comparison places Old Tappan alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Old Tappan or distributed across surrounding areas.
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Old Tappan, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Old Tappan
View All Commercial Real Estate For Sale in Old Tappan
Is Old Tappan a good market for a first-time commercial real estate investor?
Old Tappan offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Old Tappan?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Old Tappan. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Old Tappan?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Old Tappan. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Old Tappan compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Old Tappan. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Old Tappan acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Old Tappan, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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