Financial
Distress signals
Property profile

8 Eastman St Cranford, NJ 07016

OFF-MARKET
Other commercial real estate
Property ID
US59-2700464
8,146 SF 0.22 ac lot Built 1940
Last sale Jul 2025 · $2,625,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Approximately 8,734-square-foot strip mall in downtown Cranford, Union County, New Jersey, constructed with block. The property is located near NJ Transit at the signalized intersection of Eastman Street and North Avenue West, and it has frontage on a heavily traveled corridor. The building is occupied by three tenants, all of whom were in place prior to the COVID-19 pandemic. The center consists of multiple leased spaces and is configured on modified gross lease structures in which tenants

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$33k
Tax billed · 2022
Assessed value · 2023$486k
Assessed land$127k
Assessed improvement$359k
Effective rate6.82%

Value estimate

· Sep 2026
$420k
$378k – $462k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$248/SF
County average, outlier-cleaned · 826 recorded sales of this use type
Observed band · Q1–Q3$153 – $369
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility11.1
Clothing Store11.0
Smoke and Vape Shop11.0

Location

8 Eastman St Cranford, NJ 07016-2289
County assessor Recorded deeds · 2 transfers 14 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
24 Nn E, Cranford, NJ 07016-5115 $1,294,000 Jan 2025 2,245 SF
102 Ss W, Cranford, NJ 07016-2652 $1,062,500 Nov 2024 2,384 SF
511 Ss E, Cranford, NJ 07016-3205 $2,450,000 Oct 2024 11,134 SF
104 Un, Cranford, NJ 07016-2121 $600,000 May 2024 1,725 SF
113-115 Elizabeth, Cranford, NJ 07016-1633 $955,000 Jan 2024 5,184 SF
655 Raritan, Cranford, NJ 07016-3604 $825,000 Jan 2023 2,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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