Property profile

31 Oak St Salem, NJ 08079

OFF-MARKET
Schools
Property ID
US59-Q000175
6,325 SF Built 1940
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Property summary

AI-generated overview

This two-story brick school facility was constructed in 1952 and contains 11 rooms, 4 restrooms, an office, and a boiler room. The gross building area is 6,325 square feet, with a floor plate of 3,163 square feet. Structural components include concrete block framing with brick exterior walls and a slight pitch tar-and-gravel roof; interior walls are concrete block, with drywall finishes. Ceilings are a combination of acoustical tile and drywall, and openings include glass windows in aluminum frames and metal doors with glass in metal frames. Building systems include a gas-fired boiler radiant heat system, window unit air conditioning, and fluorescent and incandescent lighting. The property includes a surface parking lot with 24 spaces, with site coverage of 14.0% and a land-to-building ratio of 3.6:1. The site is located in Flood Zone X, outside the 100- and 500-year floodplains. The property is subject to potential subdivision approval, and after subdivision the resulting parcel would be configured to include the school and parking lot only (22,521 square feet).

Property profile

Verified
Property type Schools
Year built 1940
Total area 6,325 SF
UPID US59-Q000175

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
  • High School

Location

31 Oak St Salem, NJ 08079
Salem metro
Google Maps

Value estimations

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Owner & transaction history

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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