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Property profile & analytics
OFF-MARKET Estimated value $525,000
Commercial real estate

62 Chestnut St Englewood, NJ 07631-3045

3,254 SF 0.23 ac lot
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US59-0079742
Property summary
AI-generated overview

This exceptional office space, located at 62 Chestnut Street in the vibrant city of Englewood, New Jersey, presents a fantastic opportunity for businesses seeking a convenient and well-situated location. The property is an office space available for lease at a monthly rate of $1750. While the exact square footage is not currently specified, the property offers a functional and efficient layout ideal for a variety of professional uses. Its location in Englewood provides easy access to major transportation routes, ensuring seamless commutes for employees and clients alike. Englewood boasts a thriving business community and offers a wealth of amenities, including diverse dining options, shopping centers, and recreational facilities, enhancing the overall work-life balance for occupants. This property is situated on a lot with no acreage specified, making it a low-maintenance option. The address, 62 Chestnut Street, provides excellent visibility and accessibility. This lease presents a compelling opportunity to establish or expand your business in a prime Englewood location. Interested parties are encouraged to inquire for further details and scheduling a viewing. The monthly rental cost of $1750 makes this an attractive option for businesses of various sizes seeking a cost-effective and strategically located office space. The property's convenient location and competitive rental price make it an exceptional value in the Englewood commercial real estate market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,254 SF
Lot 0.23 ac (9,949 SF)
Zoning code RM-B
APN 15 01105-0000-00001- 04
UPID US59-0079742
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
$700k
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k
Owner & transaction history
Vancy LLC · 19 yrs held
Vancy LLC
since 2007
2 recorded transactions
2007
$540,000
2007
$540,000
Zoning & alternative use
RM-B · Englewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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