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    Versatile Commercial Property in East Rutherford Title is generated by Realmo AI

    307 Paterson Ave, East Rutherford, NJ 07073

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    For Sale
    $1,200,000

    Commercial - East Rutherford Boro, NJ

    Property size:
    6,300 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $190/SF
    Added:
    May 21, 2026
    Days on Market:
    3
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 307 Paterson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    6,300 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    18210

    Utilities

    Heating system
    Other (Heating), Steam

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    2
    Building materials
    Block, Brick, Concrete
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    STEVEN N EMERY

    Listing agent STEVEN N EMERY

    Listing office KELLER WILLIAMS PROSPERITY REALTY 1700 RT. 23 NORTH, Wayne, NJ

    Listing date May 21, 2026

    MLS# 4029263 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multiple Garages: Two spacious, multi‑bay garages with lift.
    • Second‑Floor Vehicle Storage: Secure storage for cars, trucks, or specialty equipment.
    • Bonus 1‑Bedroom Apartment: Includes a full kitchen, cozy living area, and private bath. Ideal for on‑site living or generating additional rental income.
    • Professional Office Area: A well‑designed space perfect for administrative work.
    • Expansive Storage Room: A generous area to store parts, tools, or inventory.
    • Central Location: In the heart of downtown East Rutherford with easy access to major highways and proximity to local amenities.

    Overview

    Located in the heart of bustling downtown East Rutherford, this versatile commercial property offers a rare opportunity for business owners, investors, and automotive enthusiasts. Designed for flexibility and function, it features a spacious office area, multiple garages, and ample vehicle storage, making it ideal for a wide range of uses from auto-related businesses to storage and light industrial operations. The property includes a well-designed professional office area perfect for administrative work, client meetings, or team collaboration. There are two spacious, multi-bay garages with a lift, ideal for vehicle maintenance, detailing, restoration, or workshop needs. An expansive storage room provides a generous area to store parts, tools, or inventory. A convenient half bath is accessible for both staff and clients. The property also features secure second-floor vehicle storage for cars, trucks, or specialty equipment. A bonus 1-bedroom apartment includes a full kitchen, cozy living area, and private bath, and is ideal for on-site living or generating additional rental income. The property is 6300 square feet and sits on a lot of approximately 0.15 acres. With its central location, easy access to major highways, and proximity to local amenities, this property is practical and versatile.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.07M
    NOI $96,390 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.38M
    NOI $96,390 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.93M
    NOI $96,390 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $189.0k $30.00
    − Vacancy −$60.5k −$9.60
    EGI $128.5k $20.40
    − OpEx −$32.1k −$5.10
    NOI $96.4k $15.30
    6,300 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.38M
    $1.20M – $1.61M (±1% cap)
    NOI $96,390 @ 7.0% cap · market cap 8.03%
    Second Best
    Retail
    $1.28M
    $1.12M – $1.50M (±1% cap)
    NOI $89,922 @ 7.0% cap · market cap 7.49%
    Theoretical Best
    Office A
    $1.65M
    $1.44M – $1.92M (±1% cap)
    NOI $115,154 @ 7.0% cap · market cap 9.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motorcraft Limited Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • Avis Car Rental — 1 Orient Wy, Rutherford, NJ 07070
    • Budget Car Rental — 1 Orient Wy, Rutherford, NJ 07070
    • Limo For My Wedding — 40 Feronia Wy, Rutherford, NJ 07070
    • Chauffeurs4U — 38 Vreeland Ave, East Rutherford, NJ 07073
    • C&C Tire — 21 NJ-17 Suite 2, East Rutherford, NJ 07073

    Location Insight

    • Map
    • Local Demand
    City
    East Rutherford
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.09869
    Latitude
    40.83572

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    FAQs

    What type of property is this?
    Automotive property - Commercial property with office, garages, storage, and apartment in NJ.
    Where is this automotive property located?
    The property is located at 307 Paterson Ave 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: Multiple Garages: Two spacious, multi‑bay garages with lift.; Second‑Floor Vehicle Storage: Secure storage for cars, trucks, or specialty equipment.; Bonus 1‑Bedroom Apartment: Includes a full kitchen, cozy living area, and private bath. Ideal for on‑site living or generating additional rental income.
    (973) 696-0077
    We can help!
    Listing Contact
    STEVEN N EMERY
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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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    307 Paterson Ave, East Rutherford Boro, NJ 07073-1336
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