Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    848 Paterson Ave East Rutherford, NJ 07073

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible corner retail space in East Rutherford for lease.

    Property Features for 848 Paterson Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Karolina Romaniak
    Source: Corcoran

    Listing Agency: RE/MAX HOME EXPERTS Listing Agent: Karolina Romaniak

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

    Learn more

    Overview

    East Rutherford Corner Retail Space

    This corner retail space in East Rutherford offers an opportunity for lease. The location benefits from high visibility and strong foot and vehicle traffic. Flexible lease terms are available, including both short-term and long-term options. The property is located in a Commercial R2 zone. Prospective tenants should consult the municipal code for permitted business uses and applicable restrictions. The property is suitable for a variety of commercial uses.
    Location Intelligence

    Current Use by Public Records

    Balloons For Party Party Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Rutherford
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1143231
    Latitude
    40.8497252

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Meadowlands

      Discover many ways to work your way in Waltham center
      1 Meadowlands Plz, East Rutherford, NJ 07073
      View Details
    • $8,226 /Mo

      Restaurant Space in Rutherford Commons

      2,000 SF restaurant space with existing fixtures in place.
      84 N State Rt 17, East Rutherford, NJ 07073
      View Details
    • $5,500 /Mo

      Warehouse/Manufacturing Space with Office

      Versatile commercial space with office, loading bay, and drive-in.
      45 Carlton Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      Warehouse/Manufacturing Space with Office

      Commercial space for warehouse or light manufacturing with office.
      45 Carlton Ave, East Rutherford, NJ 07073
      View Details
    • $3,500 /Mo

      Modern Office Near NYC Transportation

      Freestanding 2,850 SF office space in East Rutherford, NJ.
      334 Paterson Ave, East Rutherford, NJ 07073
      View Details
    • $2,500 /Mo

      Modern Office Space For Rent

      Modern 1,200 sq ft office space in prime location.
      183 Park Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      East Rutherford Warehouse with Parking

      Warehouse with parking and easy access to major routes.
      880-890 Paterson Plank Rd, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      East Rutherford Sublease Opportunity

      Sublease available through June 30th, 2030 in East Rutherford.
      99 Murray Hill Pkwy, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      54,354 SF

      East Rutherford Warehouse Space Available

      53,754± SF warehouse with ample parking and loading docks.
      343 Murray Hill Pkwy, East Rutherford, NJ 07073
      View Details
    • $2,400 /Mo

      East Rutherford Two Bedroom Apartment

      Second-floor apartment with new kitchen, parking, and yard.
      202 Boiling Springs Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      1,959 SF

      East Rutherford Retail Space Available

      Retail space available for lease in East Rutherford, New Jersey.
      51 State Hwy 17, East Rutherford, NJ
      View Details
    • Contact for pricing
      5,000 SF

      East Rutherford Retail Space Available

      5,000 square feet of retail space for lease.
      91 Nj-17, East Rutherford, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible corner retail space in East Rutherford for lease.
    Where is this retail space located?
    The property is located at 848 Paterson Ave East Rutherford, NJ.
    What are key features of this property?
    This property features: - Highly visible corner retail space.; - Strong foot and vehicle traffic.; - Flexible lease terms available.
    (973) 777-4663
    Request Owner's contact information
    848 Paterson Ave East Rutherford, NJ 07073
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    848 Paterson Ave
    East Rutherford, NJ 07073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    848 Paterson Ave East Rutherford, NJ 07073
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karolina Romaniak
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!