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Property profile & analytics
OFF-MARKET Estimated value $3,755,000
Commercial real estate

44 Allendale Ave Allendale, NJ 07401-1718

9,704 SF 0.41 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US59-1249101
Property summary
AI-generated overview

This exceptional 9,704 square foot retail building presents a unique investment opportunity in the heart of Allendale, an affluent town in Northwest Bergen County. The single-tenant property boasts a highly visible location benefiting from substantial vehicular and pedestrian traffic. The building's ample on-site parking, with 45 spaces, ensures convenient access for customers and employees. The entire 9,704 square feet is currently vacant, offering a blank canvas for a discerning tenant to establish a thriving business. Its central location within Allendale provides excellent exposure to a strong local demographic. The property is ideally suited for a variety of retail uses, capitalizing on the area's high traffic volume and affluent population. A long-term lease is available, providing stability and potential for significant return on investment. This is a rare opportunity to acquire a substantial retail space in a highly desirable location within a thriving community. The property's size, parking availability, and prime location combine to create a compelling proposition for businesses seeking a strong foothold in Northwest Bergen County. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 9,704 SF
Lot 0.41 ac (17,772 SF)
APN 01 01808-0000-00015- 01
UPID US59-1249101
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
Current use
Occupant on record · Public records
  • Coinhub Bitcoin ATM Teller Atm
  • higi Medical Clinic
  • Reena Thomas Pharmacy
  • Jessy John Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.17M
Blend (final) Blend
$3.76M
Owner & transaction history
44 W Allendale Ave LLC · 3 yrs held
44 W Allendale Ave LLC
since 2023
Last sale
$3.5M
1 recorded transaction
2023
$3.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.2M +12.2%
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