Property profile

11 High St Newton, NJ 07860

OFF-MARKET
Other commercial real estate
Property ID
US59-1386665
4,096 SF 0.1 ac lot Built 1890
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A renovated office building located on historic Newton Square, with three floors totaling approximately 4,096 square feet, set on a 0.1-acre lot. The building contains four office suites with flexible configuration, private entrances, and visibility along Newton Square within the T-6 zoning district. The lower level includes one suite with three private offices, a bathroom, and a utility room. The street level includes four large offices, a kitchenette, and two bathrooms, and it can operate as one larger suite or be divided into two suites with separate private entrances. The upper level includes two large offices, a full bathroom, and a private entrance. The property is served by four separate electric meters, supporting multi-tenant use, and it is situated near the courthouse and the downtown business district with access to major routes 94 and 206.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1890
Construction BRICK
Total area 4,096 SF
Lot 0.1 ac (4,312 SF)
Zoning code T-6
APN 15 00005- 01-00016
UPID US59-1386665

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

11 High St Newton, NJ 07860-1752
Newton metro Census 373700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2024
Last sale
$280,000
2 recorded transactions
2024
$280,000
2015
$75,000

Zoning & alternative use

T-6 · Newton, NJ
Zoning description

T-6 - Town Core. The T-6 Transect is a higher density, mixed and multiple use downtown area. This area provides for the majority of retail and commercial uses within the Town and should be identified as the Central Busin…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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