Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    141 Commercial Ave Palisades Park, NJ 07650-1107
    Back to Search
    Property profile & analytics

    141 Commercial Ave, Palisades Park, NJ 07650-1107

    View on Map
    • Industrial properties
    • 0.48 lot acres
    Off-Market
    Property ID
    US59-0070488
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fish Fish Fish Inc. / Big Box & Wholesale Store

    Property Details for 141 Commercial Ave

    Lot size
    0.48 lot acres
    Property type
    Industrial properties
    APN
    45 00102-0000-00001
    APU
    4500102000000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 8, 2005 $1 Maria Esposito Esposito,mario Grant Deed · related —
    Jul 31, 1997 $490,000 Majekk INC Shalhoub,barbara Grant Deed $475k · First Union National Bank
    — — Majekk INC — Deed Of Trust · related $400k · Lakeland Bank
    — — Majekk INC — Deed Of Trust · related $50k · Lakeland Bank
    — — Majekk INC — Deed Of Trust · related $300k · Wachovia Bank Of Delaware NA

    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
    Palisades Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0049
    Latitude
    40.8484
    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
    2022
    $25,116
    $904,900
    $840,700
    $1,745,600
    -
    $904,900
    $840,700
    $1,745,600

    Comparable in this City

    • Value Estimation by Request
      2.80 Acres

      Fair Railroad Ave

      INDUSTRIAL (GENERAL)
      Fair Railroad Ave, Palisades Park, NJ 07650
      View Details
    • Value Estimation by Request
      0.16 Acres

      138 Central Blvd

      INDUSTRIAL (GENERAL)
      138 Central Blvd, Palisades Park, NJ 07650-1210
      View Details
    • Value Estimation by Request

      200 Ruby Ave

      INDUSTRIAL (GENERAL)
      200 Ruby Ave, Palisades Park, NJ 07650-2896
      View Details
    • Value Estimation by Request

      225 Commercial Ave

      INDUSTRIAL (GENERAL)
      225 Commercial Ave, Palisades Park, NJ 07650-1109
      View Details
    • Value Estimation by Request
      0.13 Acres

      345 Commercial Ave

      INDUSTRIAL (GENERAL)
      345 Commercial Ave, Palisades Park, NJ 07650-1254
      View Details
    • Value Estimation by Request
      1.60 Acres

      150 Roosevelt Pl

      INDUSTRIAL (GENERAL)
      150 Roosevelt Pl, Palisades Park, NJ 07650-1153
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Palisades Park Commercial Building

      Two-story commercial building in central business district, 100% occupied.
      256 Broad Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Renovated Mixed-Use Property For Sale

      Two apartments plus commercial space with high ceilings and garage door.
      203 Ruby Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Downtown Palisades Park Office Building

      Well-maintained 8,800 SF building suitable for various uses.
      261 1St St, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Established Grocery Market and Deli

      Grocery market and deli in the heart of Palisades Park.
      412 Broad Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Turnkey Korean/Chinese Restaurant Opportunity

      Well-established Korean/Chinese restaurant for sale in Palisades Park, NJ.
      225 Broad Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Mixed-Use Asset in Palisades Park

      Freestanding mixed-use property with retail and residential income.
      325 Broad Ave, Palisades Park, NJ 07650
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse and Office Space Available

      2000 sq ft warehouse and office space for lease.
      478 11Th St, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Newly Renovated Retail/Office Space

      Renovated retail or office space in high-traffic location.
      324 Broad Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Palisades Park Restaurant Space Available

      Restaurant space for lease in Palisades Park with parking.
      234 Broad Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Palisades Park Renovated Office Space

      Renovated office space available for rent in Palisades Park.
      227 Grand Ave, Palisades Park, NJ 07650
      View Details
    • Contact for pricing

      Private Space in Busy Area

      Well-managed space suitable for various professional services, ample parking.
      7 Broad Ave, Palisades Park, NJ 07650
      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.
    141 Commercial Ave
    Palisades Park, NJ 07650-1107
    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
    141 Commercial Ave, Palisades Park, NJ, 07650
    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!