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Property profile & analytics
OFF-MARKET
Industrial properties

32 Spruce St Oakland, NJ 07436-1811

2.11 ac lot
Entity Owned 10-yr Hold Free & Clear
Property ID
US59-1126727
Property summary
AI-generated overview

This exceptional commercial property, located at 32 Spruce Street in Oakland, New Jersey, presents a compelling investment opportunity. Priced at $16 million, this office building offers significant potential for growth and return. While the square footage is currently unavailable, the property's strategic location in Oakland ensures high visibility and accessibility. The absence of acreage indicates a compact, potentially highly efficient building design, ideal for a variety of business uses. The property's address suggests proximity to local amenities and transportation networks, making it an attractive option for both employees and clients. Further due diligence is recommended to ascertain the precise square footage and internal layout of the building. This could include a detailed property inspection to assess the building's condition, systems, and potential for renovation or expansion. The lack of additional descriptive information underscores the need for a thorough investigation to fully understand the property's capabilities and potential. Given the price point, this property is likely to appeal to sophisticated investors seeking a strong foothold in the New Jersey commercial real estate market. Interested parties are encouraged to conduct their own independent research and due diligence to confirm all aspects of the property before making an offer. This is a unique opportunity to acquire a well-situated commercial building in a thriving New Jersey community.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 2.11 ac (91,912 SF)
APN 42 02302-0000-00020
UPID US59-1126727
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
Current use
Occupant on record · Public records
  • Auto Glass & Windshield Replacement of Oakland Auto Repair Shop (Bike/Boat/Book/etc) Store
  • AMP Communications Telecommunications Service General Contractor
  • Dbm LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
32 Spruce LLC · 10 yrs held
32 Spruce LLC
since 2016
2 recorded transactions
2016
$4.5M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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