Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 Maltese Dr Totowa, NJ 07512

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    30,959 SF industrial/flex building with 26 tailgates, available Q4 2024.

    Property size:
    30,959 SF
    Lot size:
    30,959 SF

    Property Features for 111 Maltese Dr

    General Information

    Size
    30,959 SF

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    William Ericksen, SIOR, CCIM
    Source: Naiglobal

    Listing Agent: William Ericksen, SIOR, CCIM

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

    Learn more

    Overview

    Industrial/Flex Building with Easy Access

    This 30,959 square foot industrial/flex building is situated on 4.6 acres. The property features a 23-foot ceiling height, 26 tailgates, and one drive-in door. There are 43 auto parking spaces available, as well as excess trailer parking space. The building is equipped with a wet sprinkler system and includes office space with air-conditioning. Construction is currently underway, with availability in Q4 2024. The property is zoned I-3 and offers easy access to Routes 80, 23, and US-46.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Five Star Caterers, Inc, Cafe Classic, New Line Catering

    Location Insight

    • Map
    • Local Demand
    City
    Totowa
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2434155
    Latitude
    40.9022189

    Nearby Similar for Lease

    • $28 SF/Yr

      Retail Space in Totowa, NJ

      Prime retail space in well-maintained strip mall near Route 46.
      400 Minnisink Rd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      13,481 SF

      Prime Totowa Office Suites

      Executive Offices, Retail Space Available
      55-79 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      97,021 SF

      Route 46 Retail Center - Totowa, NJ

      Prime Retail Space Available, Passaic County
      1 Rte 46, Totowa, NJ 07512
      View Details
    • $3,000 /Mo

      Charming Stand Alone Office Building

      Stand alone office building with great exposure and parking.
      554 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      30,240 SF

      Totowa Warehouse Space For Lease

      Prime Totowa warehouse, 3,648 sq ft available.
      360 Us Highway 46, Totowa, NJ 07512
      View Details
    • Contact for pricing
      21,250 SF

      Totowa Retail Center - Route 46

      Prime Totowa Retail Space Available
      540 Us Highway 46, Totowa, NJ 07512
      View Details
    • Contact for pricing
      30,959 SF

      Maltese Drive Industrial Flex Space

      30,959 SF Flex Space; Q4 2024 Availability
      111 Maltese Dr, Totowa, NJ 07512
      View Details
    • $22 SF/Yr
      13,503 SF

      Totowa, NJ Executive Suites

      Class A Office Space, Flexible Terms
      999 Riverview Dr, Totowa, NJ 07512
      View Details
    • Contact for pricing
      2,400 SF

      Retail and Professional Offices Available

      Retail and professional office spaces for lease in Totowa, NJ.
      79 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      9,000 SF

      Retail and Professional Offices Available

      Retail and professional office spaces for rent in Totowa, NJ.
      55 Union Blvd, Totowa, NJ 07512
      View Details
    • Contact for pricing
      13,823 SF

      Totowa Warehouse Space Available

      Industrial warehouse space for lease in Totowa, New Jersey.
      60 Commerce Way, Totowa, NJ 07512
      View Details
    • Contact for pricing
      45,800 SF

      Flex R&D Space Available

      Flex R&D space for lease in Totowa Technology Campus.
      60 Gordon Dr, Totowa, NJ 07512
      View Details

    FAQs

    What type of property is this?
    Flex space - 30,959 SF industrial/flex building with 26 tailgates, available Q4 2024.
    Where is this flex space located?
    The property is located at 111 Maltese Dr Totowa, NJ.
    What are key features of this property?
    This property features: - 30,959 SF Industrial/Flex Building on 4.6 Acres; - Features **26 Tailgates and One (1) Drive-In**; - Benefit from a **23’ Ceiling Height**
    (201) 488-5800
    Request Owner's contact information
    111 Maltese Dr Totowa, NJ 07512
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Maltese Dr
    Totowa, NJ 07512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    111 Maltese Dr Totowa, NJ 07512
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    William Ericksen, SIOR, CCIM
    (201) 488-5800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.