Technical
Financial
Distress signals
Property profile

246 Pegasus Ave Northvale, NJ 07647

FOR SALE
Industrial properties
Property ID
US59-1378355
1.83 ac lot Built 1974
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

246 Pegasus Ave Northvale, NJ 07647
Northvale metro Census 2200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.82M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.76M

Owner & transaction history

since 2023
Last sale
$7.6M
4 recorded transactions
2023
$7.6M
2023
Price N/A
2012
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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