500 Corporate Dr Mahwah, NJ 07430
- Industrial properties
- 5.70 lot acres
Current Use by Public Records
- Global Soft Digital Solutions / Commercial Printer
- Digital Lizard / Commercial Printer
Property Details for 500 Corporate Dr
- Year built
- 1978
- Lot size
- 5.70 lot acres
- Property type
- Industrial properties
- APN
- 33 00136-0000-00010
- APU
- 3300136000000010
Description
This exceptional 38,500-square-foot industrial property, located at 500 Corporate Drive in Mahwah, New Jersey, presents a unique investment opportunity. Situated on a 5.7-acre lot within the IP120 (Industrial Park) zoning district of Bergen County, this two-story building boasts a blend of warehouse and flex space, ideal for a variety of uses. The warehouse area encompasses 15,500 square feet, featuring a generous 16-foot ceiling height, three tailgates, and one drive-in door. An additional 10,500 square feet of flexible assembly space complements the warehouse, offering versatility for diverse operational needs. The property also includes 12,500 square feet of office space, providing ample room for administrative functions. The building features 30' x 30' column spacing and 65 parking spaces for employee and visitor convenience. Constructed in 1977, this well-maintained property offers significant potential. Annual real estate taxes are $64,870.75. The second floor offers approximately 11-foot ceiling heights. This property is zoned IP120 and presents a compelling opportunity for businesses seeking a strategic location in Northern New Jersey. The combination of warehouse, flex, and office space makes this a highly versatile and attractive property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,260,000
- 6.5%
- $7,170,000
- 7%
- $6,100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,875,000
- Geo Method
- $6,975,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,405,000
- Retail
- $6,765,000
- Mixed-Use
- $7,360,000
- Hospitality
- $6,515,000
- Educational
- $7,035,000
- Residential Income
- $6,340,000
- Energy
- $7,035,000
- Income-Based Land
- $6,045,000
- Food Service
- $6,435,000
Location Insight
- Map
- Local Demand
- City
- Mahwah
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.1594
- Latitude
- 41.0851
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA