Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    417 8Th Ave Paterson, NJ 07514
    Back to Search
    Property profile & analytics

    417 8Th Ave, Paterson, NJ 07514

    View on Map
    • Land
    • 3.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 417 8Th Ave

    Lot size
    3.01 lot acres
    Property type
    Land

    Description

    This exceptional 3.01-acre commercial land parcel presents a remarkable opportunity for developers and investors seeking a prime location in Paterson, New Jersey. Situated at 417 Eighth Avenue, Galloway, Atlantic County, NJ 07514 (latitude 40.9279385, longitude -74.1431414), this property offers significant potential for various commercial ventures. The expansive lot size provides ample space for a wide range of development projects, allowing for substantial buildable area and flexibility in design. Its strategic location within Paterson offers excellent accessibility and visibility, ensuring high traffic flow and potential for strong returns on investment. The property is zoned for commercial use, simplifying the development process and minimizing potential delays. This is a rare opportunity to acquire a large, well-situated commercial land parcel in a thriving New Jersey market. The property's size and location make it suitable for a variety of commercial developments, from retail spaces and office buildings to industrial facilities or mixed-use projects. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed zoning information and site plans are available upon request. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing area. Act quickly, as opportunities like this are seldom available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.1431
    Latitude
    40.9279

    Comparable in this City

    • Value Estimation by Request

      499 Broadway, Unit 501

      COMMERCIAL (GENERAL)
      499 Broadway, Paterson, NJ 07514-2811
      View Details
    • Value Estimation by Request

      360-394 Blvd Boulevard

      COMMERCIAL (GENERAL)
      360-394 Blvd Boulevard, Paterson, NJ 07514
      View Details
    • Value Estimation by Request
      2.26 Acres

      Plot No, Unit 6

      COMMERCIAL (GENERAL)
      Plot No, Paterson, NJ 07514
      View Details
    • Value Estimation by Request

      501 10th Ave, Unit 507

      COMMERCIAL (GENERAL)
      501 10th Ave, Paterson, NJ 07514-1435
      View Details
    • Value Estimation
      $4,085,000
      42,474 SF

      373 11th Ave, Unit 379

      COMMERCIAL (GENERAL)
      373 11th Ave, Paterson, NJ 07514-2706
      View Details
    • Value Estimation
      $2,990,000
      16,912 SF

      36 30th St, Unit 72

      COMMERCIAL (GENERAL)
      36 30th St, Paterson, NJ 07514-1853
      View Details

    Similar Nearby for Sale

    • $1,650,000
      0.31 Acres

      Residential Development Opportunity in Paterson

      Approved 28-unit residential project with tax abatement and parking.
      540 Broadway, Paterson, NJ 07514
      View Details
    • Contact for pricing
      12,803 SF

      Fully Occupied Retail Center

      100% occupied retail center with major tenants and high traffic.
      37 E 34Th St, Paterson, NJ 07514
      View Details
    • $879,999
      2,772 SF

      Renovated Mixed-Use Paterson City Property

      Updated 4-unit property with apartments and storefronts in Paterson.
      615 E 22Nd St, Paterson, NJ 07514
      View Details
    • Contact for pricing
      3,132 SF

      Established Car Dealership Business

      Turnkey used car dealership business for sale in Paterson.
      485 E 22Nd St, Paterson, NJ 07514
      View Details
    • Contact for pricing

      Established Used Car Dealership Business

      Turnkey used car dealership in high-traffic Paterson location.
      485-487 22Nd St, Paterson, NJ 07514
      View Details
    • $1,199,000
      0.11 Acres

      Mixed-Use Property with Mechanic Shop

      Mixed-use property with residential units and mechanic shop.
      480-482 E 19Th St, Paterson, NJ 07514
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      295 Broadway, Unit a

      Store front at Carroll and Broadway
      295 Broadway, Paterson, NJ 07514
      View Details
    • Contact for pricing

      Spacious First-Floor Office Space

      2,500 sq ft office with 10 rooms for rent.
      714 Broadway, Paterson, NJ 07514
      View Details
    • $1,400 /Mo

      High-Visibility Retail Space Available

      Flexible retail space suitable for various business types.
      560 E 18Th St, Paterson, NJ 07514
      View Details
    • Contact for pricing
      7,200 SF

      Versatile Industrial/Warehouse Space Available

      7,200 Sq. Ft. industrial/warehouse space with flexible leasing options.
      312 Governor St, Paterson, NJ 07514
      View Details
    • Contact for pricing

      36,000 SF Mixed-Use Commercial Space

      Warehouse, storage, retail, and office space available for rent.
      132 3Rd Ave, Paterson, NJ 07514
      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.
    417 8Th Ave
    Paterson, NJ 07514
    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

    Thank You for Inquiry
    417 8Th Ave, Paterson, NJ, 07514
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!