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    Industrial Property Near Major Routes Title is generated by Realmo AI

    158 Central Avenue, Rochelle Park, NJ 07662

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    For Sale
    $1,950,000

    Industrial property in Rochelle Park, close to major transportation routes.

    Type:IND
    Property size:
    11,720 SF
    Price / SF:
    $166/SF
    Added:
    Aug 11, 2023
    Days on Market:
    1020
    Last Refresh:
    Apr 3 at 5:02 am

    Property Features for 158 Central Avenue

    General Information

    Standard status
    Active
    Size
    11,720 SF
    Property subtype
    IND

    We can help!

    Listing Contact
    Marcos Claudius

    Listing agent Marcos Claudius License #AB069300, PA

    Listing office KW Commercial | Harrisburg West

    Listing date Aug 11, 2023

    Source Realnex

    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 KW Commercial | Harrisburg West

    HighLights

    • Strategic location near I‑80, Route 4, and Route 17 in Rochelle Park, Bergen County, NJ.
    • Total of 11,720 SF of industrial space, including warehouse and office areas.
    • Opportunity for lease, sale, or a combination thereof.
    • Projected ProForma NOI of approximately $176,000 annually when fully leased.
    • Includes explosion‑proof area of 1,020 SF.
    • Transferable environmental testing fund of ~$300,000 remaining from a prior settlement.

    Overview

    This mid-sized industrial property is located in the Industrial B zone of Rochelle Park, Bergen County, NJ, offering convenient access to I-80, Route 4, and Route 17. The building has a total square footage of 11,720 SF, including an 8,486 SF warehouse. The warehouse space is further divided into a 1,444 SF front area and a 3,982 SF rear area, with an additional 3,060 SF on the second floor. The office space totals 1,479 SF, with 830 SF on the first floor and 649 SF on the second floor. The property also features a 1,020 SF explosion-proof area and 735 SF of common areas. The building is available for lease, sale, or a combination thereof. The sellers won a settlement for a 25-year-old environmental case, with approximately $300,000 remaining dedicated to quarterly testing of test wells around the edge of the property, transferable to a new owner. The DEP PI Number is 002862, and remediation took place about 8 years ago. According to the environmental attorney, volatile levels are near where they should be to close the case, pending DEP approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Energy Fitness Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Alternative Car Storage — 43 Woodland Ave, Rochelle Park, NJ 07662
    • Public Storage — 174 NJ-17 N, Rochelle Park, NJ 07662

    Location Insight

    • Map
    • Local Demand
    City
    Rochelle Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0723871
    Latitude
    40.9003863

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    FAQs

    What type of property is this?
    Warehouse - Industrial property in Rochelle Park, close to major transportation routes.
    Where is this warehouse located?
    The property is located at 158 Central Avenue Rochelle Park, NJ.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Strategic location near I‑80, Route 4, and Route 17 in Rochelle Park, Bergen County, NJ.; Total of 11,720 SF of industrial space, including warehouse and office areas.; Opportunity for lease, sale, or a combination thereof.
    (201) 355-3103
    We can help!
    Listing Contact
    Marcos Claudius
    Real Estate License ID: AB069300, PA
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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.

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