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    85 Main Ave Elmwood Park, NJ 07407
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    85 Main Ave, Elmwood Park, NJ 07407

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    • Industrial properties
    • 3,401 SF
    • 1.09 lot acres
    For Sale
    $510,000
    View Listing →
    Elmwood Park Industrial Building For Sale
    $510,000
    26,574 SF

    Elmwood Park Industrial Building

    26,574 SF industrial building on 1.09 acres.

    85 Main Ave, Elmwood Park, NJ
    View Listing
    Property ID
    US59-0549890
    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
    8.4%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Reliable Envelope & Graphics, Inc. / Marketing & Advertising / Printing Service
    • Industromartcom / Warehouse & Storage
    • Zaentz Hardware Wholesalers / Building Supply / Hardware & Home Improvement

    Property Details for 85 Main Ave

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.09 lot acres
    Property type
    Industrial properties
    APN
    11 00804-0000-00009
    APU
    1100804000000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $482,000
      Market price range: $121k - $483k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $760,000
      Current use
      OFFICE BUILDING
      $820,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1118
    Latitude
    40.9102
    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
    $43,331
    $373,100
    $1,065,500
    $1,438,600
    -
    $373,100
    $1,065,500
    $1,438,600

    Comparable in this City

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      61,537 SF

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      INDUSTRIAL (GENERAL)
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    • Value Estimation
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      22,795.00 Acres

      2 Wiarda Way

      INDUSTRIAL (GENERAL)
      2 Wiarda Way, Elmwood Park, NJ 07407
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    • Value Estimation by Request
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      11 Wallace St

      INDUSTRIAL (GENERAL)
      11 Wallace St, Elmwood Park, NJ 07407-2612
      View Details
    • Value Estimation
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      25,384 SF

      21 Wallace St

      INDUSTRIAL (GENERAL)
      21 Wallace St, Elmwood Park, NJ 07407-2612
      View Details
    • Value Estimation
      $830,000
      7,985 SF

      437 Mola Blvd

      INDUSTRIAL (GENERAL)
      437 Mola Blvd, Elmwood Park, NJ 07407-2208
      View Details
    • Value Estimation
      $835,000
      6,000 SF

      319 54th St

      INDUSTRIAL (GENERAL)
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,574 SF

      Elmwood Park Industrial Building

      26,574 SF industrial building on 1.09 acres.
      85 Main Ave, Elmwood Park, NJ 07407
      View Details
    • $1,600,000
      0.28 Acres

      Mixed-Use Property Near Major Highways

      Mixed-use property with commercial unit and residential apartment.
      545 Mola Blvd, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing

      Professional Building with Elevator

      All brick professional building with elevator in excellent transportation corridor.
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      Office Space Near Route 80

      Office spaces available with easy access to major highways.
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      View Details
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      Established Diner with Liquor License

      Well-established diner with liquor license on high-traffic Route 46.
      260 Us Highway 46, Elmwood Park, NJ 07407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      206,826 SF

      Elmwood Park Warehouse Space

      206,826 SF available immediately in Elmwood Park, NJ.
      25 Market St, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing

      Elmwood Park Retail Space Available

      Retail space available for rent in Elmwood Park, NJ.
      511 River Dr, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      2,155 SF

      Elmwood Park Retail Space Available

      Retail space in Elmwood Park, close to major routes.
      301 Riverwalk Blvd, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Move-in ready office space with excellent signage exposure.
      25 Broadway, Elmwood Park, NJ 07407
      View Details
    • $2,800 /Mo

      Bright Elmwood Park Residence

      Charming 3BR/1BA near transit, parks, shops, and dining.
      204 Philip Ave, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      5,434 SF

      Elmwood Park Office Space Available

      Office space for lease at 669 River Dr, Elmwood Park.
      669 River Dr, Elmwood Park, NJ 07407
      View Details
    View Listing
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    Elmwood Park, NJ 07407
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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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