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    192 Rochelle Ave Rochelle Park, NJ 07662-4111

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    192 Rochelle Ave Rochelle Park, NJ 07662-4111

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    • Industrial properties
    Off-Market
    Property ID
    US59-1245777
    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

    • VILLAGER FARMERS MARKET / Grocery & Convenience Store / Food Market
    • Nadya Forgacz, RPH / Pharmacy
    • Carl Ingraffia, RP / Pharmacy
    • D-Mart Farmers Market / Grocery & Convenience Store / Food Market

    Property Details for 192 Rochelle Ave

    Construction
    BRICK
    Property type
    Industrial properties
    APN
    54 00023-0000-00002- 01
    APU
    540002300000000201

    Description

    This exceptional retail property at 192 Rochelle Avenue in Rochelle Park, New Jersey, offers a fantastic opportunity for a discerning business owner. The building boasts a total of 10,000 square feet, with 3,200 square feet currently available for lease. Situated in Bergen County, this single-tenant space is ideally located on a busy county road, ensuring high visibility and foot traffic. The property features a convenient ground floor retail space, perfect for a variety of businesses. Ample parking is available for customers and employees, adding to the property's appeal. Its strategic location provides easy access to major transportation arteries, including Route 17, Route 4, and Route 80, with the Garden State Parkway and New Jersey Turnpike just minutes away. The two-story building is within walking distance of a county park featuring a three-mile walking trail along the Saddle River, offering a pleasant environment for employees and customers alike. This property presents a unique blend of accessibility, visibility, and a desirable location, making it an excellent investment opportunity. The 3,200 square feet of vacant space provides ample room for customization and expansion, allowing businesses to tailor the space to their specific needs. Don't miss this chance to secure a prime retail location in a thriving area.

    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
    Rochelle Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.078
    Latitude
    40.9018
    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
    $25,277
    $401,900
    $509,000
    $910,900
    -
    $401,900
    $509,000
    $910,900

    Comparable in this City

    • Value Estimation
      $2,115,000
      8,396 SF

      162 Central Ave

      INDUSTRIAL (GENERAL) • 8,396 SF
      162 Central Ave, Rochelle Park, NJ 07662-4003
      View Details
    • Value Estimation
      $620,000
      5,750 SF

      26 Passaic St

      INDUSTRIAL (GENERAL) • 5,750 SF
      26 Passaic St, Rochelle Park, NJ 07662-3214
      View Details
    • Value Estimation by Request
      7,280 SF

      43 Passaic St

      INDUSTRIAL (GENERAL) • 7,280 SF
      43 Passaic St, Rochelle Park, NJ 07662-3213
      View Details
    • Value Estimation by Request
      0.06 Acres

      Rear Rochelle Ave Ave

      INDUSTRIAL (GENERAL) • 0.06 Acres
      Rear Rochelle Ave Ave, Rochelle Park, NJ 07662
      View Details
    • Value Estimation by Request
      1.42 Acres

      165 State Rt 17th N

      INDUSTRIAL (GENERAL) • 1.42 Acres
      165 State Rt 17th N, Rochelle Park, NJ 07662
      View Details
    • Value Estimation
      $1,015,000
      960 SF

      End St

      INDUSTRIAL (GENERAL) • 960 SF
      End St, Rochelle Park, NJ 07662
      View Details

    Similar Nearby for Sale

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      Rochelle Park Home Near Park

      Single-family home in quiet cul-de-sac near Saddle River County Park.
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    Similar Nearby for Lease

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      3,529 SF

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      Five-story office building with flexible floor plates and ample parking.
      365 W Passaic St, Rochelle Park, NJ 07662
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      1,252 SF

      Rochelle Park Office Space Available

      Second floor office space suitable for medical or administrative use.
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      Four-Story Office Building For Rent

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      201 W Passaic St, Rochelle Park, NJ 07662
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    192 Rochelle Ave
    Rochelle Park, NJ 07662-4111
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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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