Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    263 Us-46 Wayne, NJ 07470

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    263 Us-46 Wayne, NJ 07470

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

    Current Use by Public Records

    • Land

    Property Details for 263 Us-46

    Lot size
    10.79 lot acres
    Property type
    Land

    Description

    This exceptional 10.79-acre commercial land parcel presents a unique investment opportunity in Wayne, New Jersey. Strategically located at 263 US Highway 46, this property boasts significant highway frontage along Route 46, offering unparalleled visibility and accessibility. The site is conveniently situated near the intersection of Route 46 and the Route 23 extension, ensuring high traffic exposure. Its prominent position provides excellent visibility from I-80, further enhancing its commercial potential. The property is zoned B20, allowing for a wide range of commercial development possibilities. Detailed lot information includes Block 300, Lot 6.02 (approximately 3.12 acres) and Block 300, Lot 6.03 (approximately 7.59 acres). The high daily traffic counts on I-80 (104,256 vehicles) and Route 46 (59,440 vehicles) underscore the significant potential for attracting customers and maximizing business exposure. Adding to its appeal, this property is located directly across from the Willowbrook Mall, providing immediate access to a substantial consumer base. This prime location and zoning make this an exceptional opportunity for developers seeking high-impact commercial development in a thriving market. The property's size and location offer significant potential for a variety of commercial uses.

    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
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.256
    Latitude
    40.8946

    Comparable in this City

    • Value Estimation by Request
      6.40 Acres

      2267 Hamburg Tpke

      Land • 6.40 Acres
      2267 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • Value Estimation by Request
      1.50 Acres

      897 Black Oak Ridge Rd

      Land • 1.50 Acres
      897 Black Oak Ridge Rd, Wayne, NJ 07470
      View Details
    • Value Estimation by Request
      3.50 Acres

      555 Hamburg Tpke

      Land • 3.50 Acres
      555 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • Value Estimation by Request
      1.50 Acres

      897 Black Oak Ridge Rd

      Land • 1 SF
      897 Black Oak Ridge Rd, Wayne, NJ 07470
      View Details
    • Value Estimation
      $695,000
      4,900 SF

      1459-1465 Rte 23

      COMMERCIAL (GENERAL) • 4,900 SF
      1459-1465 Rte 23, Wayne, NJ 07470
      View Details
    • Value Estimation
      $5,010,000
      56,525 SF

      2 Doig Rd

      COMMERCIAL (GENERAL) • 56,525 SF
      2 Doig Rd, Wayne, NJ 07470-7429
      View Details

    Similar Nearby for Sale

    • $225,000

      Half Acre Lot For Sale

      Half acre lot in desirable location with new construction.
      38 Dalewood Rd, Wayne, NJ 07470
      View Details
    • $699,000

      Land For Sale Wayne, NJ

      Land available for sale in Wayne, New Jersey.
      19 Crescent Rd, Wayne, NJ 07470
      View Details
    • $120,000

      Land in Floodway For Sale

      Land for sale, buyer responsible for all due diligence.
      80 Armstrong Ave, Wayne, NJ 07470
      View Details
    • Contact for pricing

      Wayne Land For Sale

      10.79 acres of land available in Wayne, New Jersey.
      263 Us Highway 46, Wayne, NJ 07470
      View Details
    • Contact for pricing

      Vacant Land at Signalized Intersection

      Undeveloped 6.4-acre corner lot near major routes.
      2267 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • $375,000
      0.22 Acres

      Land with Approved Building Plans

      Land in Wayne Twp. with approved plans for new construction.
      21 Styles Ter, Wayne, NJ 07470
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land on Route 23

      Land available on Route 23 with high traffic volume.
      1958 State Route 23, Wayne, NJ 07470
      View Details
    • Contact for pricing
      3,100 SF

      Wayne Retail Space For Lease

      Retail space available in Wayne, New Jersey shopping center.
      1467-1491 State Route 23, Wayne, NJ 07470
      View Details
    • Contact for pricing
      3,984 SF

      Retail Space Near University

      Retail space available in affluent area near William Paterson University.
      705 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • $2,000 /Mo

      Shared Sanctuary and Social Hall

      Shared use of sanctuary, hall, and kitchen available.
      120 Lake Dr E, Wayne, NJ 07470
      View Details
    • $3,350 /Mo
      18,334 SF

      Professional Office Space For Rent

      Professional office space in excellent condition, convenient location.
      573 Valley Rd, Wayne, NJ 07470
      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.
    263 Us-46
    Wayne, NJ 07470
    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!