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Property profile & analytics
OFF-MARKET Estimated value $3,800,000
Commercial real estate

1 Tice Rd Franklin Lakes, NJ 07417-1322

1.27 ac lot Built 1970
Entity Owned 2-yr Hold Free & Clear
Property ID
US59-2117460
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Lot 1.27 ac (55,321 SF)
Zoning code I-2
APN 20 01517-0000-00002
UPID US59-2117460
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
Current use
Occupant on record · Public records
  • National Veterinary Laboratory Veterinary Clinic
  • Ultimate Track and Field Training Gym & Fitness Center
  • Elite Training Academy Sports School
  • Sports Conditioning Institute Gym & Fitness Center
  • NJ Heat FC Sports School Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.80M
Owner & transaction history
Blackinn LLC · 2 yrs held
Blackinn LLC
since 2024
Last sale
$3.8M
3 recorded transactions
2024
$3.8M
2011
$495,522
1969
Price N/A
Zoning & alternative use
I-2 · Franklin Lakes, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

I-2 Industrial District. [Amended 11-1-2011 by Ord. No. 1530 ] A. The purpose of the I-2 Industrial District is to allow for a limited number of light industrial and related uses, which will be designed and integrated into the community to minimize any adverse impacts on the overall residential character of the Borough. B. The principal permitted uses allowe…

Zone name Industrial 2
General category INDUSTRIAL
Zone area 23.29 ac
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