Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    761 Chancellor Ave Irvington, NJ 07111-2963

    • Auto shops
    • 1,286 SF
    OFF-MARKET
    Last Sale
    Jun 13, 2022
    $506,250
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0527209
    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.

    Current Use by Public Records

    • G & O Auto Sale Llc / Car Dealership

    Property Details for 761 Chancellor Ave

    Property size
    1,286 SF
    Property type
    Auto shops
    APN
    09 00297- 01-00001
    APU
    9002970100001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000
      ML approach
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvington
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2395
    Latitude
    40.7168
    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
    $7,869
    $27,400
    $104,600
    $132,000
    -
    $27,400
    $104,600
    $132,000

    Comparable in this City

    • Value Estimation
      $950,000
      2,486 SF

      160-162 Prospect Ave, Unit 162

      AUTO REPAIR, GARAGE • 2,486 SF
      160-162 Prospect Ave, Irvington, NJ 07111-1241
      View Details
    • Value Estimation
      $610,000
      6,112 SF

      110 Coit St, Unit 118

      AUTO REPAIR, GARAGE • 6,112 SF
      110 Coit St, Irvington, NJ 07111-4103
      View Details
    • Value Estimation by Request
      1,204 SF

      690 Chancellor Ave

      AUTO REPAIR, GARAGE • 1,204 SF
      690 Chancellor Ave, Irvington, NJ 07111
      View Details
    • Value Estimation
      $685,000
      7,156 SF

      536 Chancellor Ave, Unit 544

      AUTO REPAIR, GARAGE • 7,156 SF
      536 Chancellor Ave, Irvington, NJ 07111-4001
      View Details
    • Value Estimation by Request
      1,185 SF

      513 20th St, Unit 517

      AUTO REPAIR, GARAGE • 1,185 SF
      513 20th St, Irvington, NJ 07111-4544
      View Details
    • Value Estimation by Request
      4,083 SF

      1292 Clinton Ave

      AUTO REPAIR, GARAGE • 4,083 SF
      1292 Clinton Ave, Irvington, NJ 07111-2436
      View Details

    Similar Nearby for Sale

    • $1,499,999

      Irvington Industrial Investment Opportunity

      Industrial property with income potential in a convenient location.
      734 Grove St, Irvington, NJ 07111
      View Details
    • $750,000

      Turnkey Auto Repair Business For Sale

      Auto and tire repair business with property in Irvington, NJ.
      59-61 Western Pkwy, Irvington, NJ 07111
      View Details
    • $1,200,000
      5,078 SF

      Irvington Commercial Property Investment

      High-Yield Used Car Dealership, NJ
      1001 Clinton Ave, Irvington, NJ 07111
      View Details
    • $6,000,000
      37,804 SF

      Irvington Development Site with Potential

      High-traffic Irvington development site with licensing opportunities.
      154 Eastern Pkwy, Irvington, NJ 07111
      View Details
    • $1,499,999

      Irvington Industrial Investment Opportunity

      Prime industrial property in Irvington, currently operating as an auto facility.
      734-736 Grove St, Irvington, NJ 07111
      View Details
    • $599,000

      Two-Family with Parking Lot

      Two-family property with a large parking lot.
      129 22Nd St, Irvington, NJ 07111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,800 SF

      High Visibility Retail Space Available

      Retail space with dedicated parking, loading dock, and high visibility.
      1055 Stuyvesant Ave, Irvington, NJ 07111
      View Details
    • Contact for pricing
      14,595 SF

      Irvington Medical Office Space For Lease

      Prime Medical Office Suites in Irvington, NJ
      1057 Springfield Ave, Irvington, NJ 07111
      View Details
    • Contact for pricing
      1 SF

      Irvington Retail Space For Lease

      Prime Essex County Freestanding Retail
      1054 Stuyvesant Ave, Irvington, NJ 07111
      View Details
    • $2,200 /Mo

      Renovated Storefront in Irvington Township

      Bright, modern commercial space with high visibility and private parking.
      76 Paine Ave, Irvington, NJ 07111
      View Details
    • $2,600 /Mo

      Renovated Storefront in Irvington Township

      Bright, modern corner storefront with high visibility and private parking.
      76 Paine Ave, Irvington, NJ 07111
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Irvington, NJ

      Retail space available for lease in Irvington, New Jersey.
      891 Clinton Ave, Irvington, NJ 07111
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    761 Chancellor Ave
    Irvington, NJ 07111-2963
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.