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    32 Spruce St Oakland, NJ 07436

    For Sale
    Contact for pricing

    16M Office Building, Excellent Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    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 Features for 32 Spruce St

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto Glass & Windshield ... Auto Glass Shop AMP Communications Telecommunications Contractor Dbm LLC Electronics Manufacturer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.25323
    Latitude
    41.01825

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    FAQs

    What type of property is this?
    Office Property / Space - 16M Office Building, Excellent Opportunity
    Where is this office property / space located?
    The property is located at 32 Spruce St Oakland, NJ.
    What is the asking price?
    The asking price for this property is $16.
    (201) 337-5555
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    32 Spruce St Oakland, NJ 07436
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    Oakland, NJ 07436
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    Realmo Value Estimation

    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.

    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.

    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
    32 Spruce St Oakland, NJ 07436
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