Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1691 Frank St Edison, NJ 08820

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    Landfill property with environmental studies available in Edison Township.

    Lot size:
    6.51 Acres

    Property Features for 1691 Frank St

    General Information

    Lot size
    6.51 Acres

    We can help!

    Listing Contact
    Vincent Cirincione
    Vincent Cirincione
    Source: Elliman

    Listing Agent: Vincent Cirincione

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Landfill Property in Edison Township

    The property, located in Edison Township, borders Butler Dr and Annette Dr, and the end of Frank Street, accessed via Scotch Plains. It is a former residential landfill that operated until approximately 1963. The seller had begun an application to close the property with the NJDEP. Phase I and Phase II Environmental Studies are available for review. Prospective buyers are advised to conduct their own due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edison
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3815023
    Latitude
    40.601767

    Nearby Similar for Sale

    • Contact for pricing
      54,982 SF

      Edison Office Space Near Train

      Move-in ready office space near Metro Park Train Station.
      2 State Rte 27 Hwy, Edison, NJ 08820
      View Details
    • Contact for pricing
      3,500 SF

      Turnkey Restaurant in High-Traffic Area

      Turnkey restaurant for sale in a heavily traveled area.
      3126 Woodbridge Ave, Edison, NJ 08837
      View Details
    • New
      $799,900

      Renovated Two-Family Home

      Fully renovated two-family home with two-bedroom apartments in Edison.
      23 Carlton St S, Edison, NJ 08837
      View Details
    • $989,000
      0.09 Acres

      Renovated Two-Family Property in Edison

      Updated two-family home near Route 1 and Metuchen train station.
      385 Pierson Ave, Edison, NJ 08837
      View Details
    • $2,200,000
      8,700 SF

      Edison Commercial Property on Route 1

      Highly visible commercial property on Route 1 with diverse tenants.
      226 Us 1 Hwy, Edison, NJ 08817
      View Details
    • $450,000
      1,232 SF

      Edison Two-Family Home For Sale

      Two-family home in Edison, NJ, with identical units.
      684 Old Post Rd, Edison, NJ 08817
      View Details
    • Contact for pricing
      21,000 SF

      Edison Retail Spaces Available

      Two retail spaces available in Edison's Mill Plaza.
      2595 Woodbridge Ave, Edison, NJ 08837
      View Details
    • $550,000
      1,614 SF

      Edison Mixed-Use Investment Opportunity

      Mixed-use building in Edison's business district with high visibility.
      1595 Lincoln Hwy, Edison, NJ 08817
      View Details
    • $2,890,000
      9,200 SF

      Edison Retail Investment Opportunity

      Five lots, fully leased, central Edison location near amenities.
      1630 Lincoln Hwy, Edison, NJ 08817
      View Details
    • $165,000

      Wellness Salon in High-Traffic Area

      Luxurious salon with loyal clientele in a prime location.
      1677 Nj 27, Edison, NJ 08817
      View Details
    • Contact for pricing
      4,919 SF

      Edison Office Space Available

      Two-story office space on Oak Tree Road for lease.
      1818 Oak Tree Rd, Edison, NJ 08820
      View Details
    • Contact for pricing
      2,000 SF

      Edison Commercial Space For Sale

      Turn-key commercial space suitable for office or retail use.
      1663 Lincoln Hwy, Edison, NJ 08817
      View Details

    FAQs

    What type of property is this?
    Land - Landfill property with environmental studies available in Edison Township.
    Where is this land located?
    The property is located at 1691 Frank St Edison, NJ.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Borders Butler Dr & Annette Dr in Edison and end of Frank Street (accessed via Scotch Plains).; - Seller had begun application to close the property with the NJDEP.; - Phase I and Phase II Environmental Studies available for review.
    (973) 390-3826
    Request Owner's contact information
    1691 Frank St Edison, NJ 08820
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1691 Frank St
    Edison, NJ 08820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1691 Frank St Edison, NJ 08820
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vincent Cirincione
    Vincent Cirincione
    (973) 390-3826
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.