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    15 Division Street Fairview, NJ 7022

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    For Lease
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    Well-located industrial space ideal for warehousing, distribution, or light manufacturing.

    Type:Industrial
    Property size:
    70,228 SF
    Lot size:
    3.70 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 26 at 11:05 pm

    Property Features for 15 Division Street

    General Information

    Standard status
    Active
    Size
    70,228 SF
    Lot size
    3.70 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 15 Division Street Contact us

    We can help!

    Listing Contact
    Andrew Somple, SIOR

    Listing agent Andrew Somple, SIOR

    Listing office NAI James E. Hanson | Teterboro

    Listing date Mar 6, 2026

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI James E. Hanson | Teterboro

    Overview

    70,228 SF Fairview Industrial Facility

    This well-maintained 70,228 square foot industrial facility is available for immediate lease. Situated on a 3.7-acre site, the property includes 1,680 square feet of air-conditioned office space. The building features nine tailgate loading docks and one drive-in bay. The interior provides an 18'6" clear ceiling height suitable for racking, storage, and light production. The facility is equipped with a wet sprinkler system, gas heat, and 600 amp/480 volt power. Ample on-site parking is available for employees and fleet vehicles. Strategically located within Bergen County's industrial corridor, the property offers access to the New York City metro market and regional distribution networks. It is positioned near Routes 1&9, Route 46, I-95 (NJ Turnpike), and the George Washington Bridge, facilitating transportation for freight, deliveries, and employee commutes. The site's proximity to Hudson County places it within reach of Port Newark/Elizabeth and last-mile hubs. Access to a dense local labor pool and NJ Transit bus lines supports workforce retention. This location is suited for warehouse, logistics, and light manufacturing operations.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Bram Auto Group — 7500 West Side Ave, North Bergen, NJ 07047
    • Extra Space Storage — 2027 83rd St, North Bergen, NJ 07047
    • CubeSmart Self Storage — 2100 88th St Building 17, North Bergen, NJ 07047
    • Bram Auto Group - Lot — 7401 West Side Ave, North Bergen, NJ 07047
    • CubeSmart Self Storage — 2100 88th St, North Bergen, NJ 07047

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0112
    Latitude
    40.8154

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    FAQs

    What type of property is this?
    Warehouse - Well-located industrial space ideal for warehousing, distribution, or light manufacturing.
    Where is this warehouse located?
    The property is located at 15 Division Street Fairview, NJ.
    What are key features of this property?
    This property features: Unmatched Location: Minutes from key trucking routes and NYC, providing exceptional access.; Functional Industrial Space: 70,228 SF facility with 9 tailgate loading docks and 18'6" clear ceiling height.; Ample Parking & Infrastructure: Includes ample on‑site parking, wet sprinkler system, gas heat, and 600 amp/480 volt power.
    (201) 488-5800
    We can help!
    Listing Contact
    Andrew Somple, SIOR
    Learn More
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    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
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