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

    343 Murray Hill Pkwy East Rutherford, NJ 07073

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

    53,665 SF Flex Space, 3.5 Acres

    Lot size:
    53,665 SF

    Property Features for 343 Murray Hill Pkwy

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,665 SF

    Spaces For Lease

    at 343 Murray Hill Pkwy, East Rutherford, NJ 07073 Contact us

    We can help!

    Listing Contact
    Kenneth Lundberg
    Kenneth Lundberg

    Listing Agency: NAI James E. Hanson Teterboro Listing Agent: Kenneth Lundberg

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 53,665-square-foot flex space in East Rutherford, New Jersey, presents a unique opportunity for businesses seeking a versatile industrial facility. Situated on a generous 3.5-acre lot in Bergen County, this single-tenant building offers ample space for various operational needs. The property boasts 8,000 square feet of dedicated office space, complemented by a substantial warehouse area with impressive ceiling heights ranging from 17 to 21 feet. Loading and unloading are facilitated by eight tailgates, six external docks, two internal docks, and three drive-in doors. Extensive parking is available, encompassing a 1.3-acre trailer parking area and 40 car parking spaces. The building is equipped with a robust power supply of 800 amps at 480 volts and a comprehensive wet sprinkler system covering the entire 53,665 square feet. The property's location in East Rutherford, with its convenient access to major transportation routes, adds to its appeal. This turnkey facility is ready for immediate occupancy. Lease rate information is available upon inquiry. The property is located at 343 Murray Hill Pkwy, East Rutherford, NJ 07073.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beavex-New Jersey Logistics Company Axis Global Logistics Logistics Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -74.0921657
    Latitude
    40.8205314

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Meadowlands

      Flexible workspace in San Jose Airport
      1 Meadowlands Plz, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      East Rutherford Office Space Available

      7,064 SF office suite available in East Rutherford, NJ.
      99 Murray Hill Pkwy, 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
    • $3,750 /Mo

      Modern Office Building Near NYC

      Freestanding 2,850 SF office space near NYC transportation.
      334 Paterson 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

      Industrial Space with Easy Access

      Industrial building offering easy access and ample parking.
      99 Murray Hill Pkwy, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      38,150 SF

      East Rutherford Warehouse and Office

      Warehouse with office space available for immediate occupancy.
      160 E Union Ave, 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
    • Contact for pricing
      116,602 SF

      East Rutherford Warehouse Space Available

      116,602 SF warehouse with easy access to Route 17.
      99 Murray Hill Pkwy, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      34,740 SF

      East Rutherford Warehouse with Parking

      Warehouse with parking, storage, and easy access to major routes.
      880-890 Paterson Plank Rd, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      12,336 SF

      Modern Office Space Available

      Class A office building with on-site amenities.
      1 Meadowlands Plz, East Rutherford, NJ 07073
      View Details

    FAQs

    What type of property is this?
    Flex space - 53,665 SF Flex Space, 3.5 Acres
    Where is this flex space located?
    The property is located at 343 Murray Hill Pkwy East Rutherford, NJ.
    (201) 488-5800 Call to check price and availability
    Request Owner's contact information
    343 Murray Hill Pkwy 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.
    343 Murray Hill Pkwy
    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
    343 Murray Hill Pkwy 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kenneth Lundberg
    Kenneth Lundberg
    Real Estate License ID: 41LU0762611
    (201) 488-5800
    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!