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Property profile

1112 Walnut St 16 Roselle, NJ 07203

OFF-MARKET
Industrial properties
Property ID
US59-1632211
View Sample
9,600 SF 0.46 ac lot Built 1962
Entity Owned 2-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1962
Construction CONCRETE BLOCKS
Total area 9,600 SF
Lot 0.46 ac (19,937 SF)
Zoning code I
APN 14 03502-0000-00006
UPID US59-1632211

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.04M
CAP Approach CAP
$1.66M
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$2.06M

Owner & transaction history

since 2023
Last sale
$2.1M
4 recorded transactions
2023
Price N/A
2023
$2.1M
2014
$500,000
1969
Price N/A

Zoning & alternative use

I · Roselle, NJ
Zoning description

The purpose of the Industrial Zone is to provide for the expansion and development of light industrial land uses in the Borough of Roselle to provide for a compatible land use relationship; to restrict the emission of an…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $2.2M +32.5%
Office building $2.0M +17.7%

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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