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    70 Grand Ave River Edge, NJ 07661

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    70 Grand Ave River Edge, NJ 07661

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    • Commercial real estate
    • 67,616 SF
    • 1.60 lot acres
    For Lease
    $8,840,000
    View Listing →
    River Edge Office Space Available For Lease
    $8,840,000
    5,380 SF

    River Edge Office Space Available

    Office suites available in River Edge with atrium and parking.

    70 Grand Ave, River Edge, NJ 7661
    View Listing
    Property ID
    US59-1782266
    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

    • Kajima Building & Design Group, Inc. / General Contractor
    • Kenny Charles F / Law Firm
    • Law Office of Stephen Roger Bosin, Esq / Law Firm
    • Fieldstone Title Agency / Title Company
    • False Claims Act Lawyer / Law Firm

    Property Details for 70 Grand Ave

    Lot size
    1.60 lot acres
    Property size
    67,616 SF
    Property type
    Commercial real estate
    APN
    52 01410-0000-00001
    APU
    5201410000000001

    Description

    This exceptional River Edge, NJ office space at 70 Grand Ave offers 5,380 square feet of versatile traditional, executive, or creative office space, divisible to 2,000 square feet. The property features a stunning three-story atrium, enhancing natural light and creating a welcoming atmosphere. Recent upgrades include a brand new HVAC system, renovated restrooms, and updated common areas, ensuring a comfortable and modern work environment. Large windows provide excellent natural light throughout. On-site ownership and meticulous property management guarantee a well-maintained building and a professional tenant base. Ample indoor and covered outdoor parking is available for convenience. A second unit of 5,422 square feet (divisible to 1,500 square feet) is also available. This property is ideally suited for businesses seeking a high-quality, well-maintained office space in a desirable location. The building consists of one, two-story structure with elevator access. Multiple tenants are currently occupying the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,842,000
      Market price range: $4.20M - $12.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    River Edge
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.037
    Latitude
    40.9105
    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
    $246,009
    $1,393,900
    $5,255,000
    $6,648,900
    -
    $1,393,900
    $5,255,000
    $6,648,900

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      360 Kinderkamack Rd, Unit 368

      COMMERCIAL (GENERAL) • 0.29 Acres
      360 Kinderkamack Rd, River Edge, NJ 07661-1827
      View Details
    • Value Estimation by Request
      0.11 Acres

      1001 Main St, Unit 1091

      COMMERCIAL (GENERAL) • 0.11 Acres
      1001 Main St, River Edge, NJ 07661-2011
      View Details
    • Value Estimation
      $3,915,000
      25,369 SF

      130 Kinderkamack Rd

      COMMERCIAL (GENERAL) • 25,369 SF
      130 Kinderkamack Rd, River Edge, NJ 07661-1939
      View Details
    • Value Estimation
      $655,000
      4,300 SF

      600 Kinderkamack Rd

      COMMERCIAL (GENERAL) • 4,300 SF
      600 Kinderkamack Rd, River Edge, NJ 07661-2476
      View Details
    • Value Estimation by Request
      1,680 SF

      616 Kinderkamack Rd

      COMMERCIAL (GENERAL) • 1,680 SF
      616 Kinderkamack Rd, River Edge, NJ 07661-2143
      View Details
    • Value Estimation
      $1,085,000
      6,795 SF

      574 Kinderkamack Rd

      COMMERCIAL (GENERAL) • 6,795 SF
      574 Kinderkamack Rd, River Edge, NJ 07661
      View Details

    Similar Nearby for Sale

    • $595,000

      Professional/Medical Office Space For Sale

      Professional or medical office space for sale in River Edge.
      63 Grand Ave, River Edge, NJ 07661
      View Details
    • Contact for pricing

      Vacant Land Available

      Vacant land for sale.
      520 Kinderkamack Rd, River Edge, NJ 07661
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      21,537 SF

      River Edge Retail Center For Lease

      Prime Bergen County retail space available.
      584 Kinderkamack Rd, River Edge, NJ 07661
      View Details
    • Contact for pricing

      River Edge Office Space Available

      Office suites available in River Edge with atrium and parking.
      70 Grand Ave, River Edge, NJ 07661
      View Details
    • Contact for pricing
      70,000 SF

      River Edge Office Space Available

      Office space for lease near Route 4 and The Shops.
      70 Grand Ave, River Edge, NJ 07661
      View Details
    • Contact for pricing

      Office Space Near Route 4

      Office space for lease near shops, restaurants, and hotels.
      70 Grand Ave, River Edge, NJ 07661
      View Details
    View Listing
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    70 Grand Ave
    River Edge, NJ 07661
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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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