Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    51 Crane St Caldwell, NJ 07006

    View on Map
    Claim this Listing
    Pending
    $209,000

    Lots and Land - Caldwell Boro Twp., NJ

    Lot size:
    0.14 Acres
    Added:
    Feb 22, 2022
    Days on Market:
    1536
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for 51 Crane St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Pending
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    3419

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JILL SAVVA

    Listing agent JILL SAVVA

    Listing office C-21 CEDARCREST REALTY 460 BLOOMFIELD AVE, Caldwell, NJ

    Listing date Feb 22, 2022

    MLS# 3765092 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare opportunity to build a custom home.
    • Generous 50x125 lot size.
    • Located in a desirable neighborhood.
    • Gas and sewer services available in the street.
    • Opportunity to create a dream house.
    • Favorable location coordinates provided.

    Overview

    Residential Land in Caldwell Boro

    This residential land offers a rare opportunity to build a dream house on a 50x125 lot. Located in a desirable neighborhood within Caldwell Boro Twp., NJ, the 0.14-acre lot is zoned for residential use. Gas and sewer lines are available in the street. Please note that Caldwell charges for sewer hookups, and a variance will be required for the lot size, at the buyer's expense.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2714057
    Latitude
    40.8387847

    Nearby Similar for Sale

    • $1,200,000
      6,460 SF

      Bloomfield Avenue Mixed-Use Opportunity

      Prime investment property in Caldwell's bustling commercial corridor.
      466 Bloomfield Ave, Caldwell Boro Twp., NJ 07006-5402
      View Details
    • $1,150,000

      Sprawling Ranch in North Caldwell

      Brick ranch with 3-car garage in North Caldwell.
      27 Oak Place, Caldwell, NJ 07006
      View Details
    • $190,000
      3,254 SF

      Caldwell Restaurant Opportunity

      Equipped restaurant space in Caldwell's vibrant dining scene.
      359 BLOOMFIELD AVE, Caldwell, NJ 07006
      View Details
    • $150,000

      Turnkey Pizzeria Business For Sale

      Established pizzeria business for sale in prime Caldwell location.
      295 Bloomfield, Caldwell, NJ 07006
      View Details
    • $829,900
      4,100 SF

      Renovated Freestanding Office Building

      Renovated office building with finished basement and parking.
      132 W Greenbrook Rd, North Caldwell Boro, NJ 07006
      View Details
    • $175,000

      Turnkey Pizzeria Business For Sale

      Established pizzeria business for sale in a prime Caldwell location.
      295 Bloomfield, Caldwell, NJ 07006
      View Details
    • $1,150,000
      3,616 SF

      North Caldwell Multifamily Development Opportunity

      Approved 5-unit residential building conversion in desirable North Caldwell.
      715 Main St, North Caldwell Boro, NJ 07006
      View Details
    • $290,000

      Korean Fried Chicken Franchise

      Established franchise opportunity in Caldwell, NJ with growth potential.
      350 Bloomfield, Caldwell, NJ 07006
      View Details

    FAQs

    What type of property is this?
    Land - Residential land available for building a dream house.
    Where is this land located?
    The property is located at 51 Crane St Caldwell, NJ.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: Rare opportunity to build a custom home.; Generous 50x125 lot size.; Located in a desirable neighborhood.
    (973) 228-1050
    We can help!
    Listing Contact
    JILL SAVVA
    Learn More
    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.
    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

    Thank You for Inquiry
    51 Crane St, Caldwell Boro Twp., NJ 07006-5220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!