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Property profile & analytics
FOR LEASE
Commercial real estate
446 Chamberlain Ave Paterson, NJ 07522
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US59-1871932
For Lease
1 / 10
$1,450/Mo
446 Chamberlain Ave, Paterson, NJ 07522
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
31,206 SF
Lot
2.3 ac (100,188 SF)
Zoning code
B-2
APN
08 01006-0000-00002
UPID
US59-1871932
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
-
A & C Pork Store Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.34M
Comparable Approach
Comparable
$8.00M
Blend (final)
Blend
$6.80M
Owner & transaction history
Chamberlain Shopping Center Ll
Chamberlain Shopping Center Ll
2 recorded transactions
Zoning & alternative use
B-2 · Paterson, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.7M
+15.8%
Industrial (general)
$5.7M
+15.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,865,000
6.5%
$6,335,000
7%
$5,885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,965,000
Current use
OFFICE BUILDING
$5,745,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,745,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$6.80M
Range $6.12M – $7.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$218 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$221,370
Tax year 2023
Assessed value
$4,515,000
Assessed 2024
Previous assessed
$4,515,000
+0.0% YoY
Effective rate
4.90%
On assessed value
Assessed land
$1,208,800
Assessed improvement
$3,306,200
Land market value
$1,208,800
Improvement market value
$3,306,200
Total market value
$4,515,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Construction
BRICK
Heating
NONE
Stories
1
Total area
31,206 SF
Lot
2.3 ac (100,188 SF)
Zoning code
B-2
APN
08 01006-0000-00002
UPID
US59-1871932
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Paterson, NJ
Zoning B-2 · permitted uses
B-2 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.0M
OFFICE BUILDING
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Chamberlain Shopping Center Ll
Individual
Mailing address
24 HARMONY LN, WAYNE, NJ 07470-5215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Chamberlain Shopping Center Ll
—
Deed Of Trust
related
$900,000 · Columbia Bank
—
—
Chamberlain Shopping Ctr LLC
—
Deed Of Trust
related
$1,000,000 · Atlantic Stewardship Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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