Property profile

1103 Old York Rd Ringoes, NJ 08551

OFF-MARKET
Banks
Property ID
US59-3057607
2,150 SF 0.25 ac lot Built 1890
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, situated at 1103 Old York Road in the charming town of Ringoes, New Jersey, presents a unique investment opportunity. Boasting 2,150 square feet of space on a 0.25-acre lot, this property offers immense potential for a variety of commercial uses. Currently configured as a mixed-use space, it is readily adaptable for conversion into office spaces or retail establishments, catering to a diverse range of business needs. A significant advantage is the inclusion of a private parking lot, ensuring convenient access for customers and employees. Furthermore, the property features a valuable drive-thru capability, adding considerable appeal and functionality for potential tenants. The property is being sold "as is," with the buyer responsible for all necessary inspections and obtaining a Certificate of Occupancy. This presents a chance to acquire a well-located commercial property at an attractive price point, allowing for creative redevelopment and customization to suit specific business requirements. The motivated sellers are eager to finalize a sale, making this an opportune moment for a discerning investor to secure a valuable asset in a desirable location. The property's prime location in Ringoes offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in this thriving community.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1890
Construction FRAME
Total area 2,150 SF
Lot 0.25 ac (10,890 SF)
Zoning code LB
APN 08 00011-0000-00009
UPID US59-3057607

Cap rate & NOI

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

Location

1103 Old York Rd Ringoes, NJ 08551-1043
Ringoes metro Census 11700 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
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2019
6 recorded transactions
2019
$280,000
2011
$840,000
2005
$450,000
2005
$310,400
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LB · Ringoes, NJ

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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