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    1320 State Route 23 Wayne, NJ 07470

    For Lease
    $30 SF/Yr ($5,250 /Mo)

    Office space for rent in elevator building with parking.

    Property size:
    2,100 SF
    Lot size:
    2.28 Acres

    Property Features for 1320 State Route 23

    General Information

    Size
    2,100 SF
    Lot size
    2.28 Acres

    Source: Sabre Real Estate Group, LLC Agent Etan Tammam

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

    Overview

    Elevator Building Second Floor Office

    This property offers second-floor office space within an elevator building. The space provides a build-to-suit opportunity. There are 90 parking spaces available. New pylon signage is also available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -74.267133
    Latitude
    40.928217

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    FAQs

    What type of property is this?
    Office space - Office space for rent in elevator building with parking.
    Where is this office space located?
    The property is located at 1320 State Route 23 Wayne, NJ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - 90 parking spaces available; - Elevator building; - Second floor space
    (516) 874-8070
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    1320 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
    1320 State Route 23 Wayne, NJ 07470
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