Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    384 Paterson Ave East Rutherford, NJ 07073-1339
    Back to Search
    Property profile & analytics

    384 Paterson Ave, East Rutherford, NJ 07073-1339

    View on Map
    • Office buildings
    • 552 SF
    Off-Market
    Last Sale May 8, 2025
    $140,000
    Property ID
    US59-2566737
    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

    • Office buildings

    Property Details for 384 Paterson Ave

    Year built
    2018
    Property type
    Office buildings
    APN
    12 00044-0000-00041-0000-C000O
    APU
    12000440000000410000C000O

    Description

    This exceptional 552-square-foot creative office condo in East Rutherford, New Jersey, presents a fantastic investment opportunity. Located at 384 Paterson Ave, 07073, this property boasts abundant natural light and is ideally suited for a variety of businesses. The asking price is $153,335, translating to $277.78 per square foot. The unit includes two covered parking spaces, providing convenient parking for employees or clients. Additional benefits include access to a basement storage area and the building's rooftop lounge, enhancing the overall workspace experience. Currently, there is a lease in place that expires September 30, 2025, with monthly fees of $106 and annual property taxes of $3,064. The lease includes rent increases scheduled for October 1st, 2023 ($1,200) and October 1st, 2024 ($1,300). This property offers a blend of modern amenities, convenient location in Bergen County, and a strong potential for future returns. Don't miss this chance to acquire a well-located and attractive creative office space.

    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
    East Rutherford
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1003
    Latitude
    40.8382
    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
    $3,064
    $116,400
    $76,000
    $192,400
    -
    $116,400
    $76,000
    $192,400

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      111 Hackensack St

      COMMERCIAL (GENERAL)
      111 Hackensack St, East Rutherford, NJ 07073
      View Details
    • Value Estimation
      $955,000
      8,412 SF

      Herrick Morton St

      INDUSTRIAL (GENERAL)
      Herrick Morton St, East Rutherford, NJ 07073
      View Details
    • Value Estimation by Request
      2,335 SF

      127 Ann St

      COMMERCIAL (GENERAL)
      127 Ann St, East Rutherford, NJ 07073
      View Details
    • Value Estimation
      $1,215,000
      8,030 SF

      189 Hackensack St

      INDUSTRIAL (GENERAL)
      189 Hackensack St, East Rutherford, NJ 07073-1504
      View Details
    • Value Estimation
      $1,570,000
      10,672 SF

      201 Hackensack St

      COMMERCIAL (GENERAL)
      201 Hackensack St, East Rutherford, NJ 07073-1504
      View Details
    • Value Estimation
      $1,475,000
      14,660 SF

      1 Maple St

      INDUSTRIAL (GENERAL)
      1 Maple St, East Rutherford, NJ 07073-1221
      View Details

    Similar Nearby for Sale

    • $1,200,000
      6,300 SF

      Versatile Commercial Property in East Rutherford

      Commercial property with office, garages, storage, and apartment in NJ.
      307 Paterson Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      6,300 SF

      Versatile Commercial Property in East Rutherford

      Commercial property with office, garages, storage, and apartment.
      307 Paterson Ave, East Rutherford, NJ 07073
      View Details
    • New
      $750,000

      East Rutherford Two-Family Home

      Well-maintained two-family home in prime East Rutherford location.
      18 Lincoln Pl, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      Warehouse with Parking and Upgrades

      Warehouse for sale with parking, upgrades, and easy access.
      880-890 Paterson Plank Rd, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      East Rutherford Mixed-Use Property

      Newer construction in East Rutherford, offering residential and commercial spaces.
      368 Paterson Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      East Rutherford Warehouse with Outdoor Storage

      Warehouse with parking, outdoor storage, and easy highway access.
      880-890 Paterson Plank Rd, East Rutherford, NJ 07073
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Near NYC Transportation

      Freestanding 2,850 SF office space in East Rutherford, NJ.
      334 Paterson Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      Warehouse/Manufacturing Space with Office

      Commercial space for warehouse or light manufacturing with office.
      45 Carlton Ave, East Rutherford, NJ 07073
      View Details
    • Sponsored
      Contact for pricing

      Meadowlands

      Discover many ways to work your way in Waltham center
      1 Meadowlands Plz, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      12,336 SF

      Modern Office Space Available

      Class A office building with on-site amenities.
      1 Meadowlands Plz, East Rutherford, NJ 07073
      View Details
    • $5,500 /Mo

      Warehouse/Manufacturing Space with Office

      Versatile commercial space with office, loading bay, and drive-in.
      45 Carlton Ave, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      Modern Office Space For Rent

      Modern 1,200 sq ft office space in prime location.
      183 Park Ave, East Rutherford, NJ 07073
      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.
    384 Paterson Ave
    East Rutherford, NJ 07073-1339
    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

    Thank You for Inquiry
    384 Paterson Ave, East Rutherford, NJ, 07073
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!