Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    425 Us-46 Fairfield, NJ 07004
    Property profile & analytics

    425 Us-46, Fairfield, NJ 07004

    View on Map
    • Warehouses
    • 31,101 SF
    • 2.23 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 425 Us-46

    Year built
    1969
    Lot size
    2.23 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 31,101-square-foot single-tenant building presents a unique opportunity in the desirable Fairfield Market, West Essex submarket cluster. Situated at 425 US-46 in Fairfield, New Jersey (zip code 07004), this property boasts prime visibility and accessibility due to its frontage on Route 46 West. The building, constructed in 1969, sits on a 2.23-acre lot and features a single story with 16-foot clear ceilings throughout (above the existing showroom drop ceiling). The warehouse/flex space offers ample parking on the sides and rear of the building, enhancing convenience for both employees and customers. The property includes one loading dock located at the rear for efficient loading and unloading operations. Power is provided by a robust 600-amp service. The building's column spacing is 40 feet wide by 42 feet deep. This versatile space is ideal for a variety of industrial and retail uses. The property type is classified as Retail and Industrial, with a building floor area ratio (FAR) of 0.32. Further details and options are available upon request. This is a single-tenant occupancy property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2889
    Latitude
    40.8841

    Comparable in this City

    • Value Estimation by Request
      16,000 SF

      695 Route 46

      Distribution properties
      695 Route 46, Fairfield, NJ 07004
      View Details
    • Value Estimation by Request
      14,675 SF

      23 Commerce Rd

      Distribution properties
      23 Commerce Rd, Fairfield, NJ 07004
      View Details
    • Value Estimation by Request
      100,000 SF

      695 Us-46

      Self storage facilities
      695 Us-46, Fairfield, NJ 07004
      View Details
    • Value Estimation
      $13,950,000
      2.48 Acres

      12 Evans St

      WAREHOUSE, STORAGE
      12 Evans St, Fairfield, NJ 07004-2210
      View Details
    • Value Estimation
      $6,440,000
      48,100 SF

      19 Daniel Rd

      INDUSTRIAL (GENERAL)
      19 Daniel Rd, Fairfield, NJ 07004-2527
      View Details
    • Value Estimation
      $6,740,000
      55,404 SF

      5 Dwight Pl

      INDUSTRIAL (GENERAL)
      5 Dwight Pl, Fairfield, NJ 07004-3405
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Flex Building on Highway

      Class B flex property with office, industrial, and distribution capabilities.
      60 E Us Highway 46, Fairfield, NJ 07004
      View Details
    • Contact for pricing

      Versatile Flex Building on Highway

      Class B flex property with office, industrial, and distribution capabilities.
      60 E Us Highway 46, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      9,271 SF

      Fairfield Commercial Property on Bloomfield

      Strategically located commercial property in a desirable Northern New Jersey corridor.
      1221 Bloomfield Ave, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      9,271 SF

      Retail/Industrial Building on Bloomfield Avenue

      9,271 SF retail/industrial building with commercial zoning.
      1221 Bloomfield Ave, Fairfield, NJ 07004
      View Details
    • $2,500,000
      1.40 Acres

      Turnkey Restaurant with Liquor License

      Successful 130-seat restaurant with liquor license for sale.
      292 Passaic Ave, Fairfield, NJ 07004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fairfield Warehouse and Distribution Location

      Premier location off Route 46 and I-80 in Fairfield, NJ.
      140-142 Clinton Rd, Fairfield, NJ 07004
      View Details
    • Contact for pricing

      Sprawling Warehouse with Logistics Services

      71,000 SF warehouse with FDA registration and 3PL services.
      30 Plymouth St, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      23,818 SF

      Fairfield Flex Space For Lease

      Flex space available for lease in Fairfield, New Jersey.
      130 Clinton Rd, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      79,920 SF

      Fairfield Warehouse and Distribution Space

      79,920 SF warehouse and distribution space available for lease.
      67 Us Highway 46, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      21,954 SF

      Fairfield Warehouse and Distribution Location

      Strategically located warehouse and distribution property in Fairfield, New Jersey.
      212 Passaic Ave, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      3,333 SF

      Fairfield Flex Space with Office

      3,333 SF flex space with office/showroom for lease.
      7 Kulick Rd, Fairfield, NJ 07004
      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.
    425 Us-46
    Fairfield, NJ 07004
    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
    425 Us-46, Fairfield, NJ, 07004
    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!