158 Central AveRochelle Park, NJ 07662

Property Details for 158 Central Ave

Construction

CONCRETE BLOCKS

Lot size

0.41 AC

Property size (Sq ft)

11,720 SF

Property type

Industrial properties

APN

54 00025- 01-00001

APU

54000250100001

Description

This exceptional industrial property, located at 158 Central Ave in Rochelle Park, NJ (07662), presents a compelling value-add investment opportunity. The 11,720 square foot building sits on a 0.883-acre lot and is zoned B-IN, offering significant potential for increased profitability. The property comprises two buildings, each two stories high, with a total square footage breakdown including 8,486 SF of warehouse space (1,444 SF front, 3,982 SF rear, and 3,060 SF on the second floor), and 1,479 SF of office space (830 SF on the first floor and 649 SF on the second floor). Additionally, there is a 1,020 SF back building and 735 SF of common areas. The property features a 14-foot ceiling height in the front warehouse area, and varying heights in other areas (detailed measurements available). Key features include a conveyor belt between warehouse floors, 3-phase electric, natural gas forced hot air for office spaces, oil heat for the remainder, two air compressors, a warehouse scale, multiple restrooms, a wet sprinkler system, and ample garage doors of varying sizes. Currently operating at 34% occupancy, the property boasts a current NOI of $106,000 and a pro-forma NOI of $176,348, representing a 5.44% cap rate and a pro-forma cap rate of 9.04%, respectively. The asking price is $1,950,000 ($166.38/SF). Its strategic location near I-80, Route 4, and Route 17 provides excellent access to major transportation arteries. This property is ideal for investors seeking a strong return on investment through value-add strategies.

• CAP approach

  CAP return

  Valuation

  6%

  $4,323,460

  6.5%

  $3,990,890

  7%

  $3,705,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,450,140

  Geo Method

  $2,450,140

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,046,510

  Mixed-Use / Specialty

  $2,039,210

  Hospitality / Lodging

  $1,496,100

  Office

  $2,027,100

  Institutional / Educational

  $2,119,960

  Residential Income

  $2,480,350

  Multifamily

  $2,974,800

  Automotive / Energy

  $1,817,110

  Parking / Income-Based Land

  $627,061

  Restaurant / Food Service

  $1,060,610

  Healthcare / Senior Housing

  $2,091,170

Location Insight

City

Rochelle Park

County

Bergen

State

New Jersey

Latitude

40.9006

Longitude

-74.0723

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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