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Property profile & analytics
FOR LEASE
Commercial real estate

384 Rutherford Ave Franklin, NJ 07416

5,064 SF 0.32 ac lot Built 1950
Entity Owned 4-yr Hold Free & Clear
Property ID
US59-1182154
Property summary
AI-generated overview

This exceptional commercial property, located at 384 Rutherford Avenue in Franklin, New Jersey, presents a unique investment opportunity. Situated on a sizable 0.76-acre lot, the property features a substantial garage building equipped with electricity. The garage offers ample space for various commercial uses, from vehicle storage and repair to equipment warehousing or potentially even light manufacturing, subject to local zoning regulations. Its strategic location provides easy access to major highways, ensuring convenient transportation for both employees and clients. The high-traffic area surrounding the property promises significant visibility and accessibility, making it an ideal location for a business seeking a strong presence in the Franklin community. The property's size and features offer considerable flexibility for a range of commercial ventures. This is a must-see property for any investor or business owner looking for a well-located, functional space with significant potential. The asking price is $495,000. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to acquire a valuable commercial asset in a thriving location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 5,064 SF
Lot 0.32 ac (13,983 SF)
Zoning code B-1
APN 06 00605-0000-00002
UPID US59-1182154
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rc Captoni LLC · 4 yrs held
Rc Captoni LLC
since 2022
Last sale
$150,000
1 recorded transaction
2022
$150,000
Zoning & alternative use
B-1 · Franklin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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