Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    489 Kearny Ave Kearny, NJ 07032-2734

    • Commercial real estate
    • 29,500 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    $3,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3188506
    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.

    Current Use by Public Records

    • Nanduri Kumar / Tax Preparation

    Property Details for 489 Kearny Ave

    Year built
    1945
    Construction
    BRICK
    Lot size
    0.02 lot acres
    Property size
    29,500 SF
    Property type
    Commercial real estate
    APN
    07 00071-0000-00018
    APU
    700071000000018

    Description

    This exceptional office space, located at 489 Kearny Avenue in Kearny, New Jersey, presents a fantastic opportunity for businesses seeking a convenient and cost-effective workspace. The property is offered at a monthly lease rate of $2200. While the exact square footage isn't specified, the listing highlights its prime location within Kearny, offering easy access to major transportation routes and local amenities. This makes it an ideal choice for companies needing a readily accessible office space. The property is categorized as an office building, suitable for a variety of professional uses. The listing does not provide details regarding the lot size, building amenities, or specific features of the interior space. Interested parties are encouraged to conduct a thorough site visit to assess the suitability of the property for their specific business needs. Given the competitive lease rate, this office space is expected to attract significant interest. Potential tenants should act quickly to secure this valuable opportunity. Further information regarding lease terms and conditions will be provided upon request. The property's address is clearly identified as 489 Kearny Avenue, Kearny, NJ, simplifying location verification and site visits. This listing represents a compelling opportunity for businesses seeking a functional and affordable office space in a desirable Kearny location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,449,000
      Market price range: $4.45M - $9.99M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kearny
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1469
    Latitude
    40.7677
    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
    2022
    $8,887
    $17,400
    $66,900
    $84,300
    -
    $17,400
    $66,900
    $84,300

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      396 Davis Ave

      COMMERCIAL (GENERAL) • 0.05 Acres
      396 Davis Ave, Kearny, NJ 07032-3558
      View Details
    • Value Estimation by Request
      0.06 Acres

      155 Kearny Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      155 Kearny Ave, Kearny, NJ 07032-2407
      View Details
    • Value Estimation by Request
      0.12 Acres

      745 Kearny Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      745 Kearny Ave, Kearny, NJ 07032-3159
      View Details
    • Value Estimation by Request
      0.06 Acres

      325 Kearny Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      325 Kearny Ave, Kearny, NJ 07032-2674
      View Details
    • Value Estimation by Request
      0.05 Acres

      488 Kearny Ave

      COMMERCIAL (GENERAL) • 0.05 Acres
      488 Kearny Ave, Kearny, NJ 07032
      View Details
    • Value Estimation by Request
      0.06 Acres

      338 Kearny Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      338 Kearny Ave, Kearny, NJ 07032-2624
      View Details

    Similar Nearby for Sale

    • $1,209,999

      Kearny Avenue Mixed-Use Property

      Prime Kearny location, high-traffic area.
      307 Kearny Ave, Kearny, NJ 07032
      View Details
    • $795,000

      Mixed-Use Property with Parking

      Mixed-use property featuring commercial space, apartment, and ample parking.
      770-772 Kearny Ave, Kearny, NJ 07032
      View Details
    • $450,000

      Two-Family Home Ready for Renovation

      Centrally located two-family home with renovation potential.
      217 Bergen Ave, Kearny, NJ 07032
      View Details
    • $99,000

      Established Deli Business For Sale

      Turnkey deli business with loyal customer base in Kearny.
      276 Belleville Tpke, Kearny, NJ 07032
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo

      Kearny Multifamily Property for Rent

      Multifamily property available for rent in Kearny, New Jersey.
      799 Kearney Ave, Kearny, NJ 07032
      View Details
    • $2,100 /Mo

      Kearny First Floor Unit

      Bright 2-bedroom apartment with bonus room and new kitchen.
      399 Highland Ave, Kearny, NJ 07032
      View Details
    • Contact for pricing

      Industrial Space Near NJ Turnpike

      7,098 SF warehouse space available near NJ Turnpike.
      Kearny, NJ 07032
      View Details
    • $2,500 /Mo

      Kearny Professional Office Space

      Professional office space in desirable Kearny location for lease.
      806 Kearny Ave, Kearny, NJ 07032
      View Details
    • $2,300 /Mo

      Kearny Avenue Apartment For Rent

      Classic craftsman-style 2-bedroom apartment with hardwood floors and updated features.
      192 Kearny Ave, Kearny, NJ 07032
      View Details
    • $2,700 /Mo

      Renovated 2-Bedroom Apartment For Rent

      Spacious, renovated 2-bedroom apartment with modern amenities and convenient location.
      31 Tappan St, Kearny, NJ 07032
      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.
    489 Kearny Ave
    Kearny, NJ 07032-2734
    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

    Google sign-in failed. Please try again or use another login method.