Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    42 Industrial Ave Fairview, NJ 07022
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42 Industrial Ave Fairview, NJ 07022

    View on Map
    • Commercial real estate
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Custom Auto Body / Auto Repair Shop

    Property Details for 42 Industrial Ave

    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0031
    Latitude
    40.8189

    Comparable in this City

    • Value Estimation by Request

      175 Broad Ave Ste, Unit 2

      COMMERCIAL CONDOMINUIM
      175 Broad Ave Ste, Fairview, NJ 07022-1562
      View Details
    • Value Estimation by Request
      0.17 Acres

      218-222 Anderson Ave, Unit 222

      COMMERCIAL (GENERAL) • 0.17 Acres
      218-222 Anderson Ave, Fairview, NJ 07022-1402
      View Details
    • Value Estimation by Request
      0.22 Acres

      44 Bergen Blvd

      COMMERCIAL (GENERAL) • 0.22 Acres
      44 Bergen Blvd, Fairview, NJ 07022-1873
      View Details
    • Value Estimation by Request
      2.15 Acres

      815 Fairview Ave

      COMMERCIAL (GENERAL) • 2.15 Acres
      815 Fairview Ave, Fairview, NJ 07022-1573
      View Details
    • Value Estimation by Request
      0.16 Acres

      363 Fairview Ave

      COMMERCIAL (GENERAL) • 0.16 Acres
      363 Fairview Ave, Fairview, NJ 07022-2113
      View Details
    • Value Estimation by Request
      0.06 Acres

      58 Industrial Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      58 Industrial Ave, Fairview, NJ 07022-1605
      View Details

    Similar Nearby for Sale

    • $159,000

      Established Restaurant in Bergen County

      Beloved Bergen County restaurant with seating for 70 guests.
      169 Anderson Ave, Fairview, NJ 07022
      View Details
    • $200,000

      Remodeled Nail Salon in Fairview

      Turnkey nail salon in a high-traffic Fairview shopping center.
      216-222 Bergen Blvd, Fairview, NJ 07022
      View Details
    • $649,000

      Two-Family Home in Bergen County

      Legal two-family home in desirable Bergen County, moments from NYC.
      677 Greeley Ave, Fairview, NJ 07022
      View Details
    • $2,300,000

      Versatile Warehouse Near New York

      All-brick warehouse with high ceilings, ideal for various commercial uses.
      29-31 Industrial Ave, Fairview, NJ 07022
      View Details
    • $4,475,000

      Fairview Investment Property Opportunity Zone

      Steady investment property in Bergen County with long-term tenants.
      132 Bergen Blvd, Fairview, NJ 07022
      View Details

    Similar Nearby for Lease

    • $5,200 /Mo

      Fairview Flex Space Available

      Flex space for lease, clean and ready to occupy.
      395 Henry St, Fairview, NJ 07022
      View Details
    • $1,150 /Mo

      Professional Office Space Available

      Shared office space near Bergen Blvd, includes parking.
      17-19 Industrial Ave, Fairview, NJ 07022
      View Details
    • Contact for pricing
      70,228 SF

      70,228 SF Industrial Facility

      Well-maintained industrial facility for lease near major transportation routes.
      15 Division St, Fairview, NJ 07022
      View Details
    • Contact for pricing

      70,228 SF Fairview Industrial Facility

      Well-located industrial space ideal for warehousing, distribution, or light manufacturing.
      15 Division St, Fairview, NJ 07022
      View Details
    • Contact for pricing

      70,228 SF Industrial Facility

      Well-maintained industrial facility for lease near major transportation routes.
      15 Division St, Fairview, NJ 07022
      View Details
    • $2,500 /Mo

      Office Space with Heated Garages

      Office space with heated garages, ideal for contractors/landscapers.
      32 Grant St, Fairview, NJ 07022
      View Details
    Request Owner's contact information
    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.
    42 Industrial Ave
    Fairview, NJ 07022
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!