Auto Shop with Vehicle
For Sale
$1,200,000
307 Paterson Ave #307, East Rutherford, NJ 07073
A one-bedroom apartment, office space, and multiple garages provide several functional areas within the property.
Property Size6,300 SF
Price / SF$190.48
Days on Market156
Property Features for 307 Paterson Ave #307
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Amenities
professional office area
multiple garages
expansive storage room
convenient half bath
second-floor vehicle storage
bonus 1-bedroom apartment
Building Details
Building Size
6,300 SF
Year Built
1940
Stories
2
Units
2
Listing Agency:
Keller Williams Prosperity Realty
(973) 696-0077
Listed By:
Steven N Emery
(201) 655-2982
Source:
Cammarotarealestate
Added: May 21
Changed: Oct 22
Last Checked: Oct 22 at 2:11PM
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 Keller Williams Prosperity Realty
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Investment Insights
Based on property information with market context.
This 6,300-square-foot auto shop, built in 1940, combines office space with two multi-bay garages equipped with a lift. Additional features include a storage room, a half bath, and a second-floor area for vehicle storage. The property also contains a one-bedroom apartment with a full kitchen, living area, and private bathroom.
Zoned Commercial, the property is in downtown East Rutherford, with access to major highways and nearby local amenities.
Zoned Commercial, the property is in downtown East Rutherford, with access to major highways and nearby local amenities.
Key Highlights
- Two multi‑bay garages with a lift
- Second‑floor vehicle storage area
- One‑bedroom apartment with full kitchen, living area, and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,922
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,440
$1.8M
Cap Rate 7%
$1,284,600
$1.3M
Cap Rate 9%
$999,133
$999.1K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$136.1K $21.60/SF
− Vacancy
−$7.6K −$1.21/SF
EGI
$128.5K $20.39/SF
− OpEx
−$38.5K −$6.12/SF
NOI
$89.9K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,440
Cap Rate 7%
$1,284,600
Cap Rate 9%
$999,133
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,922 @ 7.0% cap · market cap 7.49%
Second Best
Mixed Use
$1.26M
$1.10M – $1.46M
NOI $87,885 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,154 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,913
Businesses Nearby
137k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Apparel 26%
Groceries 18%
Dining 17%
Marshalls
Apparel
35,957 visits/mo
0.4 miles
Dollar Tree
Shops & Services
25,598 visits/mo
0.5 miles
Aldi
Groceries
24,250 visits/mo
0.5 miles
Panera Bread
Dining
14,607 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,793 visits/mo
0.5 miles
Demographics for 07073, NJ
10,022
Population
4,325
Households
2.3
Avg Household Size
38
Median Age
45%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
2,709
Density / Sq Mi
$91,789
Median Household Income
$59,221
Median Earnings
$1,867
Median Rent
$453,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Phils Auto Service LLC (At Sunoco Gas Station) — 224 Park Ave, Rutherford, NJ 07070
- AAA Metal & Glass Inc — Rutherford, NJ 07070
- Chris Ridge Services — 217 Park Ave, Rutherford, NJ 07070
- Tri State Dent Removal — 156 Park Ave #165, Rutherford, NJ 07070
- Mario & Mario Auto Service — 9 Meadow Rd, Rutherford, NJ 07070
Frequently Asked Questions
What type of property is this?
Auto shop - A one-bedroom apartment, office space, and multiple garages provide several functional areas within the property.
Where is this auto shop located?
The property is located at 307 Paterson Ave #307 East Rutherford, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two multi‑bay garages with a lift; Second‑floor vehicle storage area; One‑bedroom apartment with full kitchen, living area, and private bathroom
