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    215 Rutgers St Maplewood, NJ 07040

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Archive Design & Conservation / Factory / Production Facility
    • MC Office Furniture / Furniture & Home Goods
    • Wine.com / Warehouse & Storage
    • Leisuretyme 2 Travel / Travel Agency / Tour Operator

    Property Details for 215 Rutgers St

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional single-tenant warehouse property, located at 215 Rutgers Street in Maplewood, New Jersey, 07040, presents a unique investment opportunity. The property is classified as industrial, specifically a warehouse, and boasts an unparalleled location just five minutes from Newark Airport and Port Newark, offering unparalleled access to major transportation hubs. This strategic positioning ensures efficient logistics and streamlined operations for businesses requiring convenient access to air and sea freight. The warehouse itself is a single-tenant facility, providing a dedicated and secure space for its occupant. The property's address is clearly identified as 215 Rutgers Street, Maplewood, NJ, within the New Jersey submarket. Its precise geographical coordinates are 40.716868027912525 latitude and -74.26357238006823 longitude. This industrial warehouse is ideal for businesses seeking a strategic location with easy access to major transportation arteries, offering significant advantages in terms of distribution and logistics. The property's size and specific internal features are not detailed in the provided information. Further inquiries are encouraged to obtain a comprehensive understanding of the property's full potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2636
    Latitude
    40.7169

    Comparable in this City

    • Value Estimation
      $520,000
      2.19 Acres

      217 Rutgers St Rear, Unit 219

      INDUSTRIAL (GENERAL) • 2.19 Acres
      217 Rutgers St Rear, Maplewood, NJ 07040-3229
      View Details
    • Value Estimation
      $680,000
      4,800 SF

      463 Vly St

      INDUSTRIAL (GENERAL) • 4,800 SF
      463 Vly St, Maplewood, NJ 07040-1330
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    • Value Estimation
      $1,500,000
      3,850 SF

      30 Newark Way

      INDUSTRIAL (GENERAL) • 3,850 SF
      30 Newark Way, Maplewood, NJ 07040-3310
      View Details
    • Value Estimation
      $625,000
      2,422 SF

      228 Rutgers St, Unit 236

      INDUSTRIAL (GENERAL) • 2,422 SF
      228 Rutgers St, Maplewood, NJ 07040-3228
      View Details
    • Value Estimation
      $775,000
      4,640 SF

      228 Burnett Ave

      INDUSTRIAL (GENERAL) • 4,640 SF
      228 Burnett Ave, Maplewood, NJ 07040-3231
      View Details
    • Value Estimation
      $800,000
      5,700 SF

      26-28 Newark Way, Unit 28

      INDUSTRIAL (GENERAL) • 5,700 SF
      26-28 Newark Way, Maplewood, NJ 07040-3310
      View Details

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    215 Rutgers St
    Maplewood, NJ 07040
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    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
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