Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45-49 Cedar Grove Ln Franklin Township, NJ 08873
    Back to Search
    Property profile & analytics

    45-49 Cedar Grove Ln Franklin Township, NJ 08873

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 45-49 Cedar Grove Ln

    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 4,000 square foot commercial property, located at 45-49 Cedar Grove Lane in Franklin Township, New Jersey (08873), presents a unique investment opportunity. The two-story building, zoned for office use, sits on a land parcel and offers a single-tenant occupancy. Previously utilized as a daycare center, this versatile space is ideal for a variety of office uses, though a variance from the Township may be required by the tenant. The property boasts ten convenient parking spaces for employees and clients. A full basement, accessible via an exterior door, provides ample storage or potential for expansion. The building is equipped with a security camera system (transferable to the tenant), recessed lighting, an interior sprinkler system, and a recently upgraded electrical service. Its convenient location offers easy access to Route 287, nearby shopping centers, and numerous hotels. Landlord responsibilities include snow removal and lawn maintenance. Tenant responsibilities include repairs, annual sprinkler system inspections, a portion of property taxes, trash removal, and all utilities. This property offers a compelling combination of functionality, location, and potential. The APN is currently unavailable.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Township
    County
    State
    New Jersey
    Longitude
    -74.5126
    Latitude
    40.5305

    Comparable in this City

    • Value Estimation by Request
      1,225 SF

      1 Clyde Rd

      Office Spaces • 1,225 SF
      1 Clyde Rd, Franklin Township, NJ 08873
      View Details
    • Value Estimation by Request
      942 SF

      21 Clyde Rd

      Medical Office Space • 942 SF
      21 Clyde Rd, Franklin Township, NJ 08873
      View Details
    • Value Estimation by Request

      1 Clyde Rd

      Medical Office Space
      1 Clyde Rd, Franklin Township, NJ 08873
      View Details
    • Value Estimation by Request

      17 Clyde Rd

      Office Spaces
      17 Clyde Rd, Franklin Township, NJ 08873
      View Details
    • Value Estimation by Request
      958 SF

      27 Clyde Rd

      Office Spaces • 958 SF
      27 Clyde Rd, Somerset, NJ 08873
      View Details
    • Value Estimation by Request
      958 SF

      27 Clyde Rd

      Office Spaces • 958 SF
      27 Clyde Rd, Somerset, NJ 08873
      View Details

    Similar Nearby for Sale

    • $349,900
      1,840 SF

      Somerset Office Space - 1840 sq ft

      Prime Somerset office, 1840 sq ft, $349,900.
      1553 Rte 27, Somerset, NJ 08873
      View Details
    • $125,000

      Land For Sale Somerset

      Land available in Somerset, Franklin Township. County: Somerset.
      112 Fuller St, Somerset, NJ 08873
      View Details
    • Contact for pricing

      Land Available For Development

      Land suitable for subdivision and development.
      Market St, Franklin Twp, NJ 08873
      View Details
    • $178,980
      2,300 SF

      First Floor Office Unit

      Office unit with natural light, suitable for various professionals.
      13 Clyde Rd, Franklin Twp, NJ 08873
      View Details
    • $350,000
      1,500 SF

      Office Condo in Towne Park

      Office condo with tenant in place through October 2027.
      35 Clyde Rd, Franklin Twp, NJ 08873
      View Details
    • New
      Contact for pricing
      45,000 SF

      Franklin Commercial Property For Sale

      Commercial property suitable for medical or professional office use.
      81 Veronica Ave, Franklin, NJ 08873
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space with Ample Parking

      Retail or office space with high density and parking.
      621 Hamilton St, Franklin Township, NJ 08873
      View Details
    • Contact for pricing

      Land For Rent Franklin Township

      Land available for rent in Franklin Township, New Jersey.
      1213 Nj-27, Franklin Township, NJ 08873
      View Details
    • $500 /Mo

      Professional Office Space For Rent

      Professional office space in the heart of Somerset for lease.
      1075 Easton Ave, Franklin Twp, NJ 08873
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for lease in Franklin Township, NJ.
      285 Davidson Ave, Franklin Township, NJ 08873
      View Details
    • Contact for pricing
      4,300 SF

      Ground Floor Retail/Office Space

      Multi-tenancy corner lot building in Hamilton Street business district.
      646 Hamilton St, Franklin Twp, NJ 08873
      View Details
    • Sponsored
      Contact for pricing

      NJ, Somerset - Atrium Dr

      Discover many ways to work your way in Fort Washington
      300 Atrium Dr, Somerset, NJ 08873
      View Details
    Request Owner's contact information
    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.
    45-49 Cedar Grove Ln
    Franklin Township, NJ 08873
    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
    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

    Thank You for Inquiry
    45-49 Cedar Grove Ln, Franklin Township, NJ, 08873
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!