Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Jerome Ave Lyndhurst, NJ 07071-2915

    • Industrial properties
    • 29,083 SF
    • 3.34 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2396445
    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

    • De Mase Trucking & Rigging / Trucking Company / Transportation Service

    Property Details for 2 Jerome Ave

    Construction
    CONCRETE BLOCKS
    Lot size
    3.34 lot acres
    Property size
    29,083 SF
    Property type
    Industrial properties
    APN
    32 00235-0000-00011
    APU
    3200235000000011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,177,000
      Market price range: $418k - $2.95M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyndhurst
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1139
    Latitude
    40.798
    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
    $72,933
    $2,341,400
    $1,373,800
    $3,715,200
    -
    $2,341,400
    $1,373,800
    $3,715,200

    Comparable in this City

    • Value Estimation
      $1,165,000
      114,762 SF

      1270 Vly Brk Ave

      INDUSTRIAL (GENERAL) • 114,762 SF
      1270 Vly Brk Ave, Lyndhurst, NJ 07071-3510
      View Details
    • Value Estimation
      $485,000
      3,865 SF

      707 Vly Brk Ave

      INDUSTRIAL (GENERAL) • 3,865 SF
      707 Vly Brk Ave, Lyndhurst, NJ 07071-2030
      View Details
    • Value Estimation
      $760,000
      16,402 SF

      725 Vly Brk Ave

      INDUSTRIAL (GENERAL) • 16,402 SF
      725 Vly Brk Ave, Lyndhurst, NJ 07071-2030
      View Details
    • Value Estimation
      $1,125,000
      55,994 SF

      1000 Wall W St

      INDUSTRIAL (GENERAL) • 55,994 SF
      1000 Wall W St, Lyndhurst, NJ 07071-3627
      View Details
    • Value Estimation
      $1,050,000
      152,494 SF

      205 Chubb Ave

      INDUSTRIAL (GENERAL) • 152,494 SF
      205 Chubb Ave, Lyndhurst, NJ 07071-3520
      View Details
    • Value Estimation
      $310,000
      725 SF

      833 Ewing Ave

      INDUSTRIAL (GENERAL) • 725 SF
      833 Ewing Ave, Lyndhurst, NJ 07071-2903
      View Details

    Similar Nearby for Sale

    • New
      $575,000

      Lyndhurst Four-Family Investment Property

      Four-family property near transportation, offering investment potential.
      245-247 Court Ave, Lyndhurst, NJ 07071
      View Details
    • $945,000

      Lyndhurst Multifamily Investment Opportunity

      Multifamily property for sale in Lyndhurst, New Jersey.
      325 Valley Brook Ave, Lyndhurst, NJ 07071
      View Details
    • $1,695,000

      Lyndhurst Freestanding Building For Sale

      Freestanding building in Lyndhurst with liquor license and parking.
      768 Stuyvesant Ave, Lyndhurst, NJ 07071
      View Details
    • $269,000

      Spacious Condo Near NYC Transport

      One-bedroom condo with hardwood floors and convenient NYC access.
      549-551 Laurel Ave, Lyndhurst, NJ 07071
      View Details
    • New
      $575,000

      Lyndhurst Four-Family Property For Sale

      Four-family property near transportation, sold as-is with month-to-month tenants.
      249-251 Court Ave, Lyndhurst, NJ 07071
      View Details
    • $1,700,000

      Lyndhurst Retail Investment Opportunity

      4,800 SF retail building near Lyndhurst Train Station.
      213 Stuyvesant Ave, Lyndhurst, NJ 07071
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      6,375 SF

      Lyndhurst Warehouse Space Available

      6,375 SF warehouse space suitable for self-storage.
      725 Valley Brook Ave, Lyndhurst, NJ 07071
      View Details
    • Contact for pricing
      74,074 SF

      Lyndhurst Industrial Flex Space

      74,074 SF Flex Space, Build-to-Suit Potential
      1100 Valley Brook Ave, Lyndhurst, NJ 07071
      View Details
    • Contact for pricing
      1,183,440 SF

      Lyndhurst Warehouse Build-to-Suit Opportunity

      1,183,400 SF available for lease in Lyndhurst, NJ.
      3000 Valley Brook Ave, Lyndhurst, NJ 07071
      View Details
    • $6,000 /Mo

      Commercial Space for Lease

      Versatile flex/industrial space suitable for various business operations.
      593 New York Ave, Lyndhurst, NJ 07071
      View Details
    • Contact for pricing
      1,762 SF

      Lyndhurst Office Space for Rent

      Office space in Meadowlands Corporate Center, convenient location.
      1050 Wall St W, Lyndhurst, NJ 07071
      View Details
    • Contact for pricing
      7,032 SF

      Renovated Office Space Available

      Recently renovated office space with modern amenities for rent.
      125 Chubb Ave, Lyndhurst, NJ 07071
      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.
    2 Jerome Ave
    Lyndhurst, NJ 07071-2915
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.