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Property profile & analytics
FOR LEASE
Commercial real estate

71 Union Ave Rutherford, NJ 07070

30,720 SF 0.83 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-0484487
Property summary
AI-generated overview

This exceptional Class A office building, situated in the heart of Downtown Rutherford, offers a variety of executive, medical, and traditional office suites. Built in 1982 and extensively renovated in 2007, the property boasts 32,226 square feet across two stories, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 2,500 square feet. Currently, 2,500 square feet of space is available for lease. The building features two elevators for convenient access to all floors. Ample parking is provided with 115 total spaces, partially covered. Accessibility is a key feature, with accessible bathrooms located on each floor. The building is conveniently located near major roadways, including Route 17 and Route 3, providing easy access for commuters. The vibrant Downtown Rutherford location offers nearby amenities such as restaurants, banks, and shopping, enhancing the convenience for tenants and their clients. The property is zoned B-3 and is located in Bergen County. Property taxes and CAM charges are included in the lease. Join an established medical community including dermatology, orthodontics, pain management, gastroenterology, and women's health practices.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Construction BRICK
Total area 30,720 SF
Lot 0.83 ac (36,251 SF)
APN 56 00070-0000-00010
UPID US59-0484487
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Triveni IT (Bike/Boat/Book/etc) Store Corporate Office
  • Arthonsys Technologies (Bike/Boat/Book/etc) Store Corporate Office
  • Keenan & Doris Law Firm
  • Datatusk (Bike/Boat/Book/etc) Store Corporate Office
  • Spinal Alternatives Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.63M
CAP Approach CAP
$6.60M
Comparable Approach Comparable
$5.00M
Blend (final) Blend
$7.04M
Owner & transaction history
71 Union Ave LLC · 4 yrs held
71 Union Ave LLC
since 2021
Last sale
$6.9M
7 recorded transactions
2024
Price N/A
2021
$6.9M
2021
Price N/A
2018
Price N/A
2013
Price N/A
2008
Price N/A
2005
$3.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $10.1M +52.7%
Office building $7.4M +12.3%
Industrial (general) $6.9M +4.1%
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More about this property
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