Property profile

120 State Rt 23 Franklin, NJ 07416

OFF-MARKET
Community centers
Property ID
US59-2069146
3,840 SF 40.99 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1950
Total area 3,840 SF
Lot 40.99 ac (1,785,524 SF)
Zoning code HC-1
APN 06 01601-0000-00005
UPID US59-2069146

Cap rate & NOI

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

Location

120 State Rt 23 Franklin, NJ 07416
Franklin metro Census 372800 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
$485k
CAP Approach CAP
$905k
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k

Owner & transaction history

since 2015
3 recorded transactions
2021
Price N/A
2015
$1.2M
1969
Price N/A

Zoning & alternative use

HC-1 · Franklin, NJ
Zoning description

The intent of this zone is to promote Highway Commercial uses

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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