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    555 Hamburg Tpke Wayne, NJ 07470

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    555 Hamburg Tpke Wayne, NJ 07470

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    • Commercial real estate
    • 3.50 lot acres
    Off-Market
    Property ID
    US59-1837014
    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

    • Commercial real estate

    Property Details for 555 Hamburg Tpke

    Lot size
    3.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.5-acre commercial property, located at 555 Hamburg Turnpike in Wayne, New Jersey (zip code 07470), presents a unique development opportunity. Situated in Passaic County, this site boasts over 560 feet of frontage on the heavily trafficked Hamburg Turnpike, experiencing daily traffic counts exceeding 24,000 vehicles. The property's zoning permits both office and industrial development, offering significant flexibility for a wide range of projects. Its unique dimensions—a considerable width and depth—allow for the construction of a substantial building, maximizing potential square footage and development options. The land is available immediately, making it an attractive prospect for developers seeking a prime location for a new construction project. This prime retail location offers unparalleled visibility and accessibility, making it an ideal site for businesses seeking high exposure and convenient access for customers and employees. The property's size and location combine to create a rare and highly desirable development opportunity in a thriving New Jersey market. This is a chance to acquire a significant parcel of land in a high-traffic area with flexible zoning, ready for immediate development.

    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
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.215729
    Latitude
    40.9539169

    Comparable in this City

    • $1,195,000
      2,411 SF

      Wayne Industrial Opportunity For Sale

      Versatile property near major highways, ideal for various commercial uses.
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      5,000 SF

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      3,440 SF

      Prime Medical Park Corner Offices

      Three versatile office units in a desirable medical park.
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      Turn-Key Medical Office Condominium

      Furnished medical office near St. Joseph's University Medical Center.
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      20,000 SF

      Medical Office Condo For Sale

      1000 sq ft office condo, previously medical use.
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    Similar Nearby for Sale

    • $1,195,000
      2,411 SF

      Wayne Industrial Opportunity For Sale

      Versatile property near major highways, ideal for various commercial uses.
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      View Details
    • Contact for pricing
      5,000 SF

      Freestanding Office Building in Wayne

      Prime office building in a thriving Wayne, New Jersey location.
      204 Berdan Ave, Wayne, NJ 07470
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    • $195,000

      Professional Office Space For Sale

      Well-maintained 1,100 sq. ft. office space for professional use.
      504 Hamburg Tpke, Wayne, NJ 07470
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    • $799,000
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      Prime Medical Park Corner Offices

      Three versatile office suites in a desirable medical park.
      502 Hamburg Tpke, Wayne, NJ 07470
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    • Contact for pricing
      3,440 SF

      Prime Medical Park Corner Offices

      Three versatile office units in a desirable medical park.
      502 Hamburg Tpke, Wayne, NJ 07470
      View Details

    Similar Nearby for Lease

    • $3,350 /Mo
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      Professional Office Space For Rent

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      Wayne Commercial Storefront or Office

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    • $1,375 /Mo

      Renovated Office Space Available

      Move-in ready office space with flexible lease terms.
      1341 Hamburg Tpke, Wayne, NJ 07470
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    555 Hamburg Tpke
    Wayne, NJ 07470
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    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
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