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    1275 State Route 23 Wayne, NJ 07470

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    For Sale
    Contact for pricing

    8,706 SF building with retail and office space.

    Property size:
    8,706 SF
    Lot size:
    0.54 Acres

    Property Features for 1275 State Route 23

    General Information

    Size
    8,706 SF
    Lot size
    0.54 Acres

    Source: JLL | Parsippany Agent David Townes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Wayne, NJ

    This 8,706 square-foot building features a combination of retail and office space. The first floor offers 6,240 square feet of retail space, while the second floor provides 2,466 square feet of office space. The property is situated on a 0.529-acre lot in Wayne, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.269101
    Latitude
    40.927528

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    FAQs

    What type of property is this?
    Retail space - 8,706 SF building with retail and office space.
    Where is this retail space located?
    The property is located at 1275 State Route 23 Wayne, NJ.
    What are key features of this property?
    This property features: - 8,706 SF Building; - First floor retail space offering 6,240 SF; - 2nd Floor Office provides 2,466 SF
    (973) 829-4800
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    1275 State Route 23 Wayne, NJ 07470
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    Wayne, NJ 07470
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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
    1275 State Route 23 Wayne, NJ 07470
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