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    8 Halstead Ave Wallington, NJ 07057

    For Sale
    $899,000

    3,500 SF Flex Space, High NOI

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,500-square-foot flex space in Wallington, New Jersey presents a compelling owner-user or investment opportunity. Located on a sizable 0.43-acre corner lot within the LI zoning district, this property boasts convenient access to major highways including Routes 21, 17, 3, 80, the NJ Turnpike, and the Parkway. Built in 1945 and extensively renovated in 2023, the two-story building features one loading dock, one drive-in door, and a column-free interior layout maximizing usable space. The high ceilings, ranging from 10 to 12 feet, provide ample vertical clearance. Modern upgrades include new LED lighting and a robust 200-amp power supply. Currently leased until February 28, 2026, at $18.62 per square foot (NNN), with a 3% rent increase scheduled for March 1, 2025, this property offers a strong 7.25% cap rate and a net operating income (NOI) of $65,184. The asking price is $899,000, translating to $256.86 per square foot and $50.66 per square foot for the land. This prime industrial property is a rare find in a highly desirable location, offering both immediate income and long-term growth potential. The property is vacant upon lease expiration.

    Property Features for 8 Halstead Ave

    General Information

    Property type
    Flex space
    Square Feet
    3,500 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built/Renovated
    1945/2023
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Excellent location in Bergen County, NJ, with easy access to major highways (Routes 21, 17, 3, 80, NJ Turnpike, and Parkway).
    • 3,500 SF flex building on a 0.43‑acre corner lot in Wallington, NJ's LI zone.
    • Currently leased until February 28, 2026, at $18.62/SF NNN; $65,184 annual NOI, 7.25% cap rate.
    • Features include one loading dock, one drive‑in door, no interior columns, new LED lighting, 200 amps of power, and 10‑12' clear ceiling height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallington
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1153356
    Latitude
    40.8594452

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    FAQs

    What type of property is this?
    Flex space - 3,500 SF Flex Space, High NOI
    Where is this flex space located?
    The property is located at 8 Halstead Ave Wallington, NJ.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Excellent location in Bergen County, NJ, with easy access to major highways (Routes 21, 17, 3, 80, NJ Turnpike, and Parkway).; 3,500 SF flex building on a 0.43-acre corner lot in Wallington, NJ's LI zone.; Currently leased until February 28, 2026, at $18.62/SF NNN; $65,184 annual NOI, 7.25% cap rate.
    Request Owner's contact information
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    Wallington, NJ 07057
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    Realmo Value Estimation

    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.

    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.

    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
    8 Halstead Ave Wallington, NJ 07057
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