35 Orlando Dr Raritan, NJ 08869
- Industrial properties
- 1.50 lot acres
Current Use by Public Records
- BnB Associates / Internet Cafe
Property Details for 35 Orlando Dr
- Year built
- 1940
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.50 lot acres
- Property type
- Industrial properties
- APN
- 16 00116- 02-00007
- APU
- 16001160200007
Description
This exceptional commercial property located at 35 Orlando, Raritan, NJ, presents a significant opportunity for businesses seeking a modern and functional workspace. The freestanding building boasts a substantial 6,043 square feet of space, ideal for a variety of industrial or commercial uses. High ceilings throughout the building provide ample vertical space, maximizing storage and operational efficiency. The property also includes updated office spaces, offering a comfortable and professional environment for administrative tasks and client meetings. A key advantage is the generous parking provision, ensuring convenient access for employees and visitors alike. The property sits on a sizable 1.5-acre lot, providing ample room for expansion or outdoor storage, if needed. The asking price for this well-maintained and strategically located industrial building is $3,000,000. This represents a compelling investment opportunity in a thriving Raritan, NJ location. The property's combination of size, modern amenities, and convenient parking makes it an attractive option for businesses seeking to establish or expand their operations. Serious inquiries are encouraged to explore this exceptional property further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $520,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $500,000
- Retail
- $655,000
- Mixed-Use
- $630,000
- Hospitality
- $540,000
- Educational
- $520,000
- Residential Income
- $570,000
- Energy
- $570,000
- Income-Based Land
- $520,000
- Food Service
- $590,000
Location Insight
- Map
- Local Demand
- City
- Raritan
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6325
- Latitude
- 40.5653
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
