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Property profile & analytics
OFF-MARKET Estimated value $1,075,000
Industrial properties

11 Hopewell Ave Flemington, NJ 08822-1118

9,116 SF 1.43 ac lot
Entity Owned 18-yr Hold Free & Clear
Property ID
US59-1733585
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction FRAME
Total area 9,116 SF
Lot 1.43 ac (62,291 SF)
Zoning code TR
APN 09 00006-0000-00020
UPID US59-1733585
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
  • Mechanical Precision Inc Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.08M
Owner & transaction history
Mechanical Precision INC · 18 yrs held
Mechanical Precision INC
since 2008
3 recorded transactions
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
TR · Flemington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

TRANSITION RESIDENTIAL (TR) DISTRICT. [ Ord. No. 2012-01 ] A. Purpose. The purpose of the Transition Residential (TR) District is to provide for a medium density residential district of single family detached and two-family dwellings located between primarily commercial districts and single family zones. Certain governmental and institutional uses would also…

Zone name Transition Residential
General category COMMERCIAL
Zone area 84.96 ac
Top alternative use upside
Office building $1.7M +40.9%
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