Property profile

11-15 Nelson St 15 Newton, NJ 07860

OFF-MARKET
Commercial real estate
Property ID
US59-2009252
20,206 SF 2.37 ac lot Built 1957
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1957
Construction BRICK
Total area 20,206 SF
Lot 2.37 ac (103,237 SF)
Zoning code T-3
APN 15 00013- 05-00025
UPID US59-2009252

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11-15 Nelson St, Unit 15 Newton, NJ 07860-2110
Newton metro Census 373800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.94M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$2.02M

Owner & transaction history

since 2020
Last sale
$1.6M
2 recorded transactions
2020
$1.6M
2014
$950,000

Zoning & alternative use

T-3 · Newton, NJ
Zoning description

A rural and suburban thoroughfare of high vehicular speed and capacity. This type is allocated to the more rural transect zones (T-1, T-2 and T-3). HOME OCCUPATION An occupation carried on in a dwelling unit or accessory…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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