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Property profile & analytics
OFF-MARKET Estimated value $8,310,000
Commercial real estate

1620 Us Hwy 22 Watchung, NJ 07069-6511

57,710 SF 5.85 ac lot
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US59-1453911
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 57,710 SF
Lot 5.85 ac (254,826 SF)
Zoning code H-D
APN 21 06101-0000-00004
UPID US59-1453911
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
$11.07M
Blend (final) Blend
$8.31M
Owner & transaction history
1620 Route 22 East LLC · 14 yrs held
1620 Route 22 East LLC
since 2012
2 recorded transactions
2020
Price N/A
2012
$11.0M
Zoning & alternative use
H-D · 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 Development
General category COMMERCIAL
Zone area 238.47 ac
Top alternative use upside
Office building $11.9M +1.0%
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