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    Property profile & analytics

    204 Berdan Ave Wayne, NJ 07470

    • Office buildings
    • 4,992 SF
    • 1.11 lot acres
    For Sale
    View listing
    $2,150,000
    Value Estimation
    Location Intelligence
    Property ID
    US59-1438346
    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

    • NCJAR Wayne / Association / Organization / Real Estate School

    Property Details for 204 Berdan Ave

    Lot size
    1.11 lot acres
    Property size
    4,992 SF
    Zone code
    OB20
    Property type
    Office buildings
    APN
    14 03200-0000-00014
    APU
    1403200000000014

    Description

    This exceptional 5,000 square foot, two-story office building is available for sale in Wayne, NJ. Located at 204 Berdan Avenue, this Class B property offers a single, 100% occupied unit within a freestanding building. The gross lease structure simplifies ownership, and the ample parking caters to both employees and clients. Situated in a vibrant area with easy access to amenities, this property benefits from excellent visibility and accessibility. The flexible interior layout is adaptable to various business needs, accommodating open-plan spaces, private offices, or a combination thereof. The OB20 zoning designation provides further operational flexibility. This investment presents a unique opportunity to acquire a well-located, fully occupied office building in a thriving New Jersey community with strong growth potential. The asking price is $2,150,000, translating to $430 per square foot. This property is perfect for businesses seeking a prominent presence in a bustling and convenient location. The building's prime location and versatile space make it an attractive investment for both established businesses and those looking to expand. Abundant parking eliminates a common challenge in busy areas. The strong local economy of Wayne, NJ, further enhances the investment potential of this property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $590,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $715,000
      Mixed-Use
      $570,000
      Hospitality
      $715,000
      Educational
      $545,000
      Residential Income
      $685,000
      Energy
      $520,000
      Income-Based Land
      $710,000
      Food Service
      $600,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2423
    Latitude
    40.9668
    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
    $28,847
    $242,000
    $268,200
    $510,200
    -
    $242,000
    $268,200
    $510,200

    Comparable in this City

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      24,539 SF

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    • Value Estimation
      $575,000
      11,801 SF

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      OFFICE BUILDING • 11,801 SF
      1410 Vly Rd, Wayne, NJ 07470-7903
      View Details

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    204 Berdan Ave
    Wayne, NJ 07470
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    Realmo Value Estimation

    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.

    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.

    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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