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    Property profile & analytics

    1055 Hamburg Tpke Wayne, NJ 07470-3235

    • Super regional malls
    • 78,036 SF
    • 4.39 lot acres
    OFF-MARKET
    Value Estimations
    $9,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1732038
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Prestige Jewelers / (Bike/Boat/Book/etc) Store
    • Viaggio / Restaurant
    • Wayne Valley Dental Care - Nicholas J. Tria, DMD / Dental Office
    • Wayne Pharmacy & Surgical Supply / Pharmacy
    • T-Bowl Smoke Shop / (Bike/Boat/Book/etc) Store

    Property Details for 1055 Hamburg Tpke

    Lot size
    4.39 lot acres
    Property size
    78,036 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    14 02711-0000-00109
    APU
    1402711000000109

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $13,695,000
      APARTMENT HOUSE (5+ UNITS)
      $11,050,000
      RESTAURANT
      $9,160,000
      COMMERCIAL (GENERAL)
      $7,020,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2374
    Latitude
    40.9594
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $493,887
    $4,903,500
    $3,733,900
    $8,637,400
    -
    $4,903,500
    $3,733,900
    $8,637,400

    Comparable in this City

    • Value Estimation by Request
      540 SF

      1210 Hamburg Tpke

      REGIONAL SHOPPING CENTER, MALL • 540 SF
      1210 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • Value Estimation
      $1,060,000
      667,698 SF

      Willowbrook Mall

      REGIONAL SHOPPING CENTER, MALL • 667,698 SF
      Willowbrook Mall, Wayne, NJ 07470
      View Details
    • Value Estimation
      $15,585,000
      56,500 SF

      1600-1660 Rte 23rd N

      REGIONAL SHOPPING CENTER, MALL • 56,500 SF
      1600-1660 Rte 23rd N, Wayne, NJ 07470
      View Details
    • Value Estimation by Request
      25,688 SF

      491 Rte

      Neighborhood centers • 25,688 SF
      491 Rte, Wayne, NJ 07470
      View Details
    • Value Estimation by Request
      57,963 SF

      755-797 Hamburg Tpke

      Lifestyle centers • 57,963 SF
      755-797 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • Value Estimation
      $840,000
      24,240 SF

      400 Hamburg Tpke

      FINANCIAL BUILDING • 24,240 SF
      400 Hamburg Tpke, Wayne, NJ 07470-2130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,755 SF

      Retail Space in Wayne, NJ

      25,755 SF retail center with excellent access and visibility.
      491 Us Highway 46, Wayne, NJ 07470
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    • $1,195,000
      2,411 SF

      Wayne Industrial Opportunity For Sale

      Versatile industrial property in Wayne, NJ, near major highways.
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      Retail Property on State Route

      Retail property for sale on a busy highway.
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    • $1,750,000
      4,340 SF

      Modern Retail Building on Hamburg Tpke

      Modern retail building with strong rental income and high traffic.
      2252 Hamburg Tpke, Wayne, NJ 07470
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    • $1,195,000
      2,411 SF

      Wayne Industrial Opportunity For Sale

      Versatile property near major highways, ideal for various commercial uses.
      179 Old Turnpike Rd, Wayne, NJ 07470
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    • Contact for pricing

      Fair Lawn Strip Mall Investment

      Strip mall in high-traffic area, fully leased, tenant-paid utilities.
      10-16 River Rd, Fair Lawn, NJ 07470
      View Details

    Similar Nearby for Lease

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      2,150 SF

      Retail Space Near Willowbrook Mall

      Retail units available in Wayne, NJ, near Willowbrook Mall.
      113 Us Highway 46, Wayne, NJ 07470
      View Details
    • Contact for pricing
      885 SF

      Retail and Office Neighborhood Center

      Neighborhood center with retail and office uses for rent.
      560-600 Valley Rd, Wayne, NJ 07470
      View Details
    • Contact for pricing
      36,000 SF

      Prime Retail Space on Highway

      Retail space available on a regional market with high visibility.
      1308 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
      2,000 SF

      Retail Space Near University

      Retail space in affluent area near William Paterson University.
      625-685 Hamburg Tpke, Wayne, NJ 07470
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Medical Center

      Retail space near St. Joseph’s Medical Center and schools.
      1591 Alps Rd, Wayne, NJ 07470
      View Details
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    1055 Hamburg Tpke
    Wayne, NJ 07470-3235
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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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