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Property profile & analytics
OFF-MARKET
Commercial real estate

2727 State Rt 23 Newfoundland, NJ 07435-1472

0.95 ac lot Built 1972
Entity Owned 34-yr Hold ~ Est. High Equity
Property ID
US59-1618732
Property summary
AI-generated overview

This exceptional 0.95-acre commercial property, located at 2727 State Route 23, Unit 1, Newfoundland, NJ, presents a unique opportunity for a variety of businesses. The high-visibility corner unit boasts two convenient entrances, making it easily accessible to customers. The interior offers versatile space, perfect for either a single open floor plan or the creation of private suites with a dedicated reception area. A private restroom is included for added convenience. Recent upgrades include newer laminate flooring and a brand-new HVAC unit, ensuring a comfortable and modern workspace. The property's strategic location offers easy on/off access to Route 23, both north and south. Ample parking is available for tenants and customers. This thriving commercial center is anchored by a bank and post office, and is home to a diverse range of businesses including a vision center, deli, spa, vape shop, and medical and professional offices. The asking price is $1300 (monthly rent presumably, but this is not explicitly stated in the source material). This move-in ready space is an excellent opportunity for a business seeking a high-traffic location with strong neighboring businesses.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Lot 0.95 ac (41,338 SF)
APN 15 14605-0000-00002
UPID US59-1618732
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lakeland Plaza Management INC · 34 yrs held
Lakeland Plaza Management INC
since 1991
2 recorded transactions
1991
$500,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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