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    140 Shepherds Ln Totowa, NJ 07512

    Sponsored
    For Sale
    Contact for pricing

    Prime NJ Senior Housing/Multifamily Site

    Property size:
    160,275 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 160,275 square foot property in Totowa, New Jersey, presents a unique investment opportunity. Originally a 102-unit senior living community, the four-story building, constructed in 1975 and renovated in 1983, sits on a 7.16-acre lot and offers ample parking with 120 spaces. Its R-40 zoning allows for versatile redevelopment options, including adaptive reuse as multifamily housing for either the free market or tax credit programs, or continued use as senior housing. The property boasts a well-maintained structure with three elegantly designed wings, maximizing natural light. Multiple mature green spaces and gardens enhance the site's appeal. Located in Passaic County, the property benefits from easy access to major highways and public transportation, making it highly attractive to residents. The strong economic environment of Totowa and the growing demand for senior care and residential housing in the metropolitan area create a compelling investment case. This property offers significant potential for substantial returns, whether through continued operation as senior housing or conversion to multifamily units. The existing infrastructure minimizes initial costs for a new owner, making this a truly exceptional opportunity.

    Property Features for 140 Shepherds Ln

    General Information

    Property type
    Retirement homes
    Square Feet
    160,275 SF
    Lot Size
    311,890 SF

    Building Details

    Year Built/Renovated
    1975/1983
    Stories
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    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
    Totowa
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2064682
    Latitude
    40.9156011

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    FAQs

    What type of property is this?
    Retirement home - Prime NJ Senior Housing/Multifamily Site
    Where is this retirement home located?
    The property is located at 140 Shepherds Ln Totowa, NJ.
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    140 Shepherds Ln Totowa, NJ 07512
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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
    140 Shepherds Ln Totowa, NJ 07512
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