Property profile

573 Valley Rd 5 Wayne, NJ 07470

FOR SALE
Office buildings
Property ID
US59-1967933
18,334 SF 1.58 ac lot
Entity Owned 28-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 1,900 sq ft professional office space in commercial zoning, located on a 1.58-acre lot and positioned across from Valley Ridge Shopping Center. The interior configuration includes two open areas and four private offices, with two restrooms (men’s and women’s) on the same floor off the hallway. Storage is available in a basement level, and the building provides abundant on-site parking. The location supports access to major highways including Route 3, Route 46, the Garden State Parkway, and Route 23, and is within commuting distance to Willowbrook Mall, Essex County Airport, and New York City. The building is a non-smoking facility.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 18,334 SF
Lot 1.58 ac (68,825 SF)
APN 14 01833-0000-00027
UPID US59-1967933

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Social Worker
  • Photography Service (Bike/Boat/Book/etc) Store
  • Medical Supply Store Medical Equipment Supplier
  • Dental Office

Location

573 Valley Rd, Unit 5 Wayne, NJ 07470
Wayne metro Census 246103 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$595k

Owner & transaction history

since 1998
7 recorded transactions
2022
Price N/A
1998
Price N/A
1995
$835,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $3.2M +1.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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