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Property profile

115 Myrtle Ave Passaic, NJ 07055

OFF-MARKET
Industrial properties
Property ID
US59-3177357
0.12 ac lot
Last sale Jun 2025 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 10,000-square-foot warehouse in Passaic, New Jersey, presents a compelling investment opportunity. Located at 115 Myrtle Ave, 07055, this property sits on a 5,249-square-foot corner lot and boasts a desirable M-1 (Light Industrial) and R-3 (Residential Multi-Family) zoning designation. The two-story brick building is currently vacant, offering immediate occupancy for owner-users or a blank canvas for redevelopment. The asking price is $1,295,000, translating to $129.50 per…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value · 2023$475k
Assessed land$78k
Assessed improvement$398k
Effective rate3.88%

Value estimate

· Oct 2026
$730k
$657k – $803k
AI approach$700k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 139 recorded sales of this use type
Observed band · Q1–Q3$111 – $281

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-3
No advertising signs shall be erected on any property fronting upon a street which separates it from the R-1, R-2, R-1A, R-3 or O-R Distr...
General categoryRESIDENTIAL
JurisdictionPASSAIC

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.8
Veterinary Clinic7.5
Pet Grooming Service7.3

Location

115 Myrtle Ave Passaic, NJ 07055-3109
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
95 Burgess, Passaic, NJ 07055-8607 $745,000 Dec 2025 7,275 SF
19-37 Delaware, Passaic, NJ 07055-2099 $1,225,000 Jun 2025 No data
199-201 Randolph, Passaic, NJ 07055-2617 $3,000,000 Dec 2024 21,190 SF
153 Linden, Passaic, NJ 07055-2127 $52,000,000 Oct 2024 No data
171 3rd, Passaic, NJ 07055 $300,000 Feb 2024 No data
122-152 8th, Passaic, NJ 07055 $60,000,000 Oct 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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