Property profile

1720 State Rte 23 Wayne, NJ 07470

OFF-MARKET
Office buildings
Property ID
US59-0035505
59,680 SF 3.45 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 59,680 SF
Lot 3.45 ac (150,282 SF)
APN 14 01602-0000-00006
UPID US59-0035505

Cap rate & NOI

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

Location

1720 State Rte 23 Wayne, NJ 07470-7533
Wayne metro Census 246202 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.70M
Blend (final) Blend
$7.93M

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2019
$20,352
2004
$4.4M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $10.3M +1.1%

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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