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Property profile & analytics
OFF-MARKET Estimated value $7,695,000
Industrial properties

246 Pegasus Ave Northvale, NJ 07647-1904

1.83 ac lot Built 1974
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1378355
Property summary
AI-generated overview

This exceptional industrial warehouse property, located at 246-248 Pegasus Avenue in Northvale, New Jersey, offers 37,000 square feet of versatile space. Situated on a 1.83-acre lot, this single-building property is zoned for light industrial use, making it ideal for a variety of businesses. The warehouse boasts two loading docks for efficient shipping and receiving, and features ceiling heights ranging from 17 to 18 feet, providing ample vertical space for storage or operations. Its convenient location on the New Jersey/New York border offers easy access to major transportation arteries, including Route 9W and the Palisades Interstate Parkway, ensuring seamless logistics and distribution. A significant advantage is the inclusion of a three-year leaseback, providing a guaranteed income stream for the new owner. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a prime location. The property's size, features, and strategic location combine to create a highly attractive investment prospect within the thriving Northvale industrial market in Bergen County, zip code 07647. This is a rare opportunity to acquire a well-maintained, functional warehouse with significant upside potential.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1974
Lot 1.83 ac (79,715 SF)
APN 40 00301-0000-00005
UPID US59-1378355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.82M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.70M
Owner & transaction history
B&bc Estates LLC · 3 yrs held
B&bc Estates LLC
since 2023
Last sale
$7.6M
4 recorded transactions
2023
$7.6M
2023
Price N/A
2012
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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