Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9 Passaic Ave Kearny, NJ 07032

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kearny Fish Market / Specialty Food Shop / Fish Market

    Property Details for 9 Passaic Ave

    Property type
    Investment properties

    Description

    This exceptional investment property, located at 9 PASSAIC AVE in Kearny, New Jersey, presents a compelling opportunity for discerning investors. Priced at $1,300,000, this property offers significant potential for future growth and profitability. While the square footage is currently unavailable, the property sits on a zero-acre lot, suggesting a compact and potentially easily managed investment. The property type is classified as an investment property, indicating its suitability for various income-generating strategies. The address, 9 PASSAIC AVE, Kearny, NJ, places it within a well-established area, offering convenient access to local amenities and transportation networks. Further due diligence is recommended to fully assess the property's potential, including a thorough review of its current condition, zoning regulations, and potential rental income projections. This property is being offered as-is, and prospective buyers are encouraged to conduct their own independent inspections and assessments before making an offer. The absence of square footage data underscores the need for a comprehensive on-site evaluation to determine the property's precise dimensions and layout. This presents a unique chance to acquire a strategically located investment property in a thriving New Jersey market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kearny
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1631
    Latitude
    40.7542

    Comparable in this City

    • Value Estimation
      $3,080,000
      10,870 SF

      284 Belleville Tpke

      APARTMENT HOUSE (UNDER 5 UNITS) • 10,870 SF
      284 Belleville Tpke, Kearny, NJ 07032
      View Details
    • Value Estimation
      $1,315,000
      8,698 SF

      260 Davis Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,698 SF
      260 Davis Ave, Kearny, NJ 07032-3471
      View Details
    • Value Estimation by Request
      0.15 Acres

      382-386 Highland Ave, Unit 386

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.15 Acres
      382-386 Highland Ave, Kearny, NJ 07032-2151
      View Details
    • Value Estimation
      $3,450,000
      1,394 SF

      257 Schuyler Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,394 SF
      257 Schuyler Ave, Kearny, NJ 07032
      View Details
    • Value Estimation by Request
      0.29 Acres

      753 Schuyler Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.29 Acres
      753 Schuyler Ave, Kearny, NJ 07032-4297
      View Details
    • Value Estimation
      $1,680,000
      0.23 Acres

      335 Elm St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.23 Acres
      335 Elm St, Kearny, NJ 07032
      View Details

    Similar Nearby for Sale

    • $795,000

      Mixed-Use Property with Parking

      Mixed-use property featuring commercial space, apartment, and ample parking.
      770-772 Kearny Ave, Kearny, NJ 07032
      View Details
    • $450,000

      Two-Family Home Ready for Renovation

      Centrally located two-family home with renovation potential.
      217 Bergen Ave, Kearny, NJ 07032
      View Details
    • $1,209,999

      Kearny Avenue Mixed-Use Property

      Prime Kearny location, high-traffic area.
      307 Kearny Ave, Kearny, NJ 07032
      View Details
    • $580,000

      Well-Maintained Two-Family Home

      Two-family home near transportation, ideal for owner-occupancy or investment.
      202 Windsor St, Kearny, NJ 07032
      View Details
    • Contact for pricing
      1,870 SF

      Kearny Avenue Office For Sale

      Office space available for purchase in Kearny, New Jersey.
      47 Kearny Ave, Kearny, NJ 07032
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo

      Kearny Multifamily Property for Rent

      Multifamily property available for rent in Kearny, New Jersey.
      799 Kearney Ave, Kearny, NJ 07032
      View Details
    • Contact for pricing

      Industrial Space Near NJ Turnpike

      7,098 SF warehouse space available near NJ Turnpike.
      Kearny, NJ 07032
      View Details
    • $2,500 /Mo

      Kearny Professional Office Space

      Professional office space in desirable Kearny location for lease.
      806 Kearny Ave, Kearny, NJ 07032
      View Details
    • $2,700 /Mo

      Renovated 2-Bedroom Apartment For Rent

      Spacious, renovated 2-bedroom apartment with modern amenities and convenient location.
      31 Tappan St, Kearny, NJ 07032
      View Details
    • $2,000 /Mo

      One-Bedroom Apartment For Rent

      One-bedroom apartment with spacious living areas in a convenient location.
      254 Belgrove Dr, Kearny, NJ 07032
      View Details
    • Contact for pricing
      27,405 SF

      Kearny Retail Space: Prime Location

      Large Retail Space Available in Kearny, NJ
      151 Kearny Ave, Kearny, NJ 07032
      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.
    9 Passaic Ave
    Kearny, NJ 07032
    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.