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Property profile & analytics
FOR SALE
Commercial real estate

1045 Limecrest Rd Lafayette, NJ 07848

85.39 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US59-2222940
Property summary
AI-generated overview

This exceptional 85-acre industrial land parcel in Lafayette, New Jersey (Sussex County, zip code 07848) presents a significant development opportunity within the Rt 206 Redevelopment Zone. The site, located at 1045 Limecrest Rd, has already undergone significant preparation, including clearing, grading, and site work, making it ready for immediate construction. A nearly completed 52,000 square foot steel building (90% complete, constructed in 2020) is currently on-site. Preliminary township approvals for a 600,000 square foot warehouse (60-foot clear height) have been received, and prior wetland permits and environmental studies are complete. Conceptual designs include a single, up to 500,000 square foot building, which would necessitate the removal or relocation of the existing structure. Built-to-suit options are available for various sizes and configurations. The property offers county road access and the potential for a rail spur extension from an existing rail line along the northeast property boundary. This location benefits from strong demographics and proximity to major transportation arteries, making it an attractive investment in a thriving market. The property is currently vacant and available for lease under a NNN lease structure. The total square footage is flexible, ranging from 250,000 to 600,000 square feet, accommodating a variety of industrial uses, including warehouse, manufacturing, and refrigerated/cold storage.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 85.39 ac (3,719,588 SF)
Zoning code I
APN 02 00108-0000-00004- 02
UPID US59-2222940
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Limecrest Road LLC · 9 yrs held
Limecrest Road LLC
since 2017
4 recorded transactions
2017
$750,000
2017
$750,000
2012
$100,000
2011
$100,000
Zoning & alternative use
I · Lafayette, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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