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Property profile & analytics
OFF-MARKET Estimated value $1,185,000
Commercial real estate

16 Mine Brk Rd 22 Bernardsville, NJ 07924-2429

8,760 SF 0.17 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-1215589
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 8,760 SF
Lot 0.17 ac (7,405 SF)
Zoning code D-CO
APN 03 00099-0000-00001
UPID US59-1215589
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
Current use
Occupant on record · Public records
  • 56 Degree Wine Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.19M
Owner & transaction history
Thappfar LLC · 6 yrs held
Thappfar LLC
since 2020
Last sale
$987,000
1 recorded transaction
2020
$987,000
Zoning & alternative use
D-CO · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of the core and serves as a portion of the eastern gateway into Bernardsville. The area has a more auto-dependent character than other subdistricts. The intent is to limit the future expansion of this character while recognizi…

Zone name Downtown Corridor Subdistrict
General category CIVIC_INSTITUTIONAL
Zone area 27.67 ac
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