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Property profile & analytics
OFF-MARKET
Commercial real estate

1559 Us Hwy 22 Watchung, NJ 07069-6507

2.51 ac lot
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US59-1581008
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.51 ac (109,336 SF)
Zoning code B-C
APN 21 05702-0000-00005- 01
UPID US59-1581008
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Extra Space Properties 101 LLC · 11 yrs held
Extra Space Properties 101 LLC
since 2015
4 recorded transactions
2015
Price N/A
2012
$6.2M
2012
$1,000
2005
$11.3M
Zoning & alternative use
B-C · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livest…

Zone name Highway Commercial
General category COMMERCIAL
Zone area 17.77 ac
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