Financial
Distress signals
Property profile

181 Paterson Ave Wallington, NJ 07057

FOR LEASE
Other commercial real estate
Property ID
US59-0216596
0.26 ac lot
Last sale May 2020 · $760,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An updated second-floor office unit provides approximately 272 square feet of interior workspace, measuring about 16.5 feet by 16.5 feet. The unit is located in a bright commercial setting and includes central air and heating, with gas and electric services available as part of the occupancy configuration. The space is situated near highways and transportation access and has designated parking for the unit. The layout supports professional office use, including fields such as accounting, architecture, engineering, and consulting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$21k
Tax billed · 2022
Assessed value · 2023$650k
Assessed land$234k
Assessed improvement$417k
Effective rate3.20%

Value estimate

· Sep 2026
$885k
$797k – $974k
AI approach$925k
NOI build-up
Gross scheduled income$8k
Vacancy & credit loss−$3k
Operating expenses−$1k
NOI · 438.11% cap applied$4k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$293/SF
County average, outlier-cleaned · 855 recorded sales of this use type
Observed band · Q1–Q3$197 – $418

Cap rate analysis

How does the asset earn?
438.11%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERGEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.8
Veterinary Clinic9.1
Acupuncture8.8

Location

181 Paterson Ave Wallington, NJ 07057
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
210 Main Ave, Wallington, NJ 07057-1523 $350,000 Jul 2025 No data
14 Locust, Wallington, NJ 07057-1305 $525,000 Mar 2025 No data
32 Locust, Wallington, NJ 07057-1305 $899,000 Mar 2025 No data
62 Wallington, Wallington, NJ 07057-1191 $765,000 Aug 2024 No data
207 Paterson, Wallington, NJ 07057-1309 $900,000 Jun 2024 No data
59 Locust, Wallington, NJ 07057-1321 $720,000 Jun 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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