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Property profile & analytics
OFF-MARKET Estimated value $905,000
Commercial real estate

1 Boonton Ave Butler, NJ 07405-1345

8,120 SF 0.12 ac lot
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US59-3158544
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 8,120 SF
Lot 0.12 ac (5,301 SF)
Zoning code CBD
APN 03 00040-0000-00032
UPID US59-3158544
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$915k
Comparable Approach Comparable
$951k
Blend (final) Blend
$905k
Owner & transaction history
Independence Developers Ll III · 19 yrs held
Independence Developers Ll III
since 2007
5 recorded transactions
2019
Price N/A
2017
Price N/A
2007
$900,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Butler, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CBD Principal Use On-family dwellings X X X 1 X 2 Two-family dwellings X Apartments X 1 X 3 X Townhouse X 4 X 5A Townhouse and Apartments X 5A Senior Citizen Housing X Public Purpose Uses X X X X X X X X X X Private Parks and Beaches X X X X Retail Stores and Shops X X 17 X Business and Professional Offices X X X 17 X X Banks X 8 X 7 Child Care Centers (§143…

Zone name Central Business District
General category INDUSTRIAL
Zone area 35.47 ac
Source Butler, NJ
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