498 Chancellor Ave Rear Irvington, NJ 07111
Property profile & analytics
498 Chancellor Ave Rear Irvington, NJ 07111
- Industrial properties
- 3,022 SF
- 58.10 lot acres
Property ID
US59-3125843
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 498 Chancellor Ave Rear
- Lot size
- 58.10 lot acres
- Property size
- 3,022 SF
- Property type
- Industrial properties
- APN
- 09 00188-0000-00007
- APU
- 900188000000007
Description
This exceptional Irvington, New Jersey industrial property presents a unique investment opportunity. Located at 498 Chancellor Ave, 07111, this single-tenant property encompasses a 3,500 square foot building situated on a generous 4-acre lot. The property is classified as Class C and zoned for heavy industrial use, making it ideal for a variety of businesses. The building features three drive-in doors, providing convenient access for loading and unloading, and boasts heavy 3-phase power. There are no loading docks or elevators. The flexible lease terms are designed to accommodate diverse tenant needs, whether short-term project requirements or long-term commitments. The property owner is dedicated to facilitating a smooth transition for new occupants, offering full support in obtaining all necessary permits and approvals. This prime location in Irvington offers excellent accessibility and presents a compelling opportunity for businesses seeking a functional and adaptable industrial space. The property's size and zoning make it suitable for a range of industrial operations. This is a chance to secure a well-positioned industrial property in a thriving New Jersey market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $485,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $575,000
- 6.5%
- $535,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $700,000
- AI Estimate
- $360,000
Market price range: $238k - $701kMarket price range: $115k - $361k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $495,000 Current use
- OFFICE BUILDING
- $635,000 Change: +28% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $440,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Irvington
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2289
- Latitude
- 40.7122
- 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
$14,513
$126,900
$110,700
$237,600
-
$126,900
$110,700
$237,600
