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Industrial Property Near Major Routes

158 Central Avenue Rochelle Park, NJ 07662

Claim this Listing
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:
1068
Last Refresh:
Jun 28 at 10:26 pm

Property Features for 158 Central Avenue

General Information

Standard status
Active
Size
11,720 SF
Property subtype
IND

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


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $199.7k $17.04
− Vacancy −$11.8k −$1.01
EGI $187.9k $16.03
− OpEx −$28.2k −$2.41
NOI $159.7k $13.63
11,720 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%

Alternative Uses

Best Use
Office B
$2.56M
$2.24M – $2.99M (±1% cap)
NOI $179,316 @ 7.0% cap · market cap 9.20%
Second Best
Warehouse
$2.28M
$2.00M – $2.66M (±1% cap)
NOI $159,737 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M (±1% cap)
NOI $214,223 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Big Energy Fitness Gym & Fitness Center

Suggested Use

Real Estate Agency Hotel & Motel Garden Center Parking Lot & Garage Barber Shop Daycare Center Auto Parts Store Veterinary Clinic Locksmith Nursing Home

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

Similar Off Market Nearby

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

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.
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