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70 Maltese Dr Totowa, NJ 07512-1403

OFF-MARKET Industrial properties Google Maps
90,864 SF 4 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$16.40M
Range $14.76M – $18.03M (±10%)
Property ID US59-0035559

Property summary

AI-generated overview

This exceptional industrial property at 70 Maltese Drive in Totowa, New Jersey, offers a total of 84,870 square feet of warehouse space across three suites. The property sits on a four-acre lot in Passaic County and provides ample parking with 57 spots. Multiple tenancy options are available, with spaces ranging from a minimum of 12,000 square feet to a maximum contiguous space of 59,392 square feet. The building boasts impressive ceiling heights ranging from 17 feet 8 inches to 30 feet 6 inches, providing significant vertical storage capacity. Fourteen loading docks ensure efficient loading and unloading operations. The property is currently fully vacant, offering a unique opportunity for a single tenant or multiple tenants to occupy this prime location. Power is robust, featuring 400 Amps, 120/240V, 3-phase, and 50 Amps, single-phase service. This warehouse is ideally situated in Totowa, NJ, with easy access to major transportation routes, making it an excellent choice for businesses requiring significant storage and distribution capabilities. The property's size and features make it suitable for a wide range of industrial and logistics operations. Contact us today to learn more about leasing opportunities. Zip code: 07512.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 90,864 SF
Lot 4 ac (174,240 SF)
APN 12 00170- 03-00005
UPID US59-0035559

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.69M
Comparable Approach Comparable
$10.75M
Blend (final) Blend
$16.40M

Owner & transaction history

since 2022
Last sale
$16.5M
4 recorded transactions
2022
$16.5M
2006
$6.4M
2006
$4.7M
2006
$3.5M

Zoning & alternative use

Top alternative use upside
Commercial (general) $17.3M +10.4%
Office building $16.7M +6.7%

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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