Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    18 Delar Pkwy Franklin Park, NJ 08823-1352

    • Residential income homes
    • 13,903 SF
    • 5.43 lot acres
    OFF-MARKET
    Value Estimation
    $2,865,000
    Last Sale
    Aug 10, 2021
    $2,832,500
    Location Intelligence
    Property ID
    US59-1442458
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 18 Delar Pkwy

    Construction
    BRICK
    Lot size
    5.43 lot acres
    Property size
    13,903 SF
    Zone code
    CR
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    08 00034- 05-00052- 06
    APU
    800034050005206

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,545,000
      6.5%
      $2,680,000
      7%
      $2,520,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,760,000
      Geo Method
      $2,875,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,770,000
      Retail
      $2,835,000
      Mixed-Use
      $2,615,000
      Hospitality
      $3,460,000
      Educational
      $2,960,000
      Residential Income
      $2,470,000
      Energy
      $2,815,000
      Income-Based Land
      $2,710,000
      Food Service
      $3,225,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5475
    Latitude
    40.436
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $51,106
    $720,000
    $1,800,000
    $2,520,000
    -
    $720,000
    $1,800,000
    $2,520,000

    Comparable in this City

    • Value Estimation by Request
      8,550 SF

      3029 State Rte 27

      COMMERCIAL (GENERAL) • 8,550 SF
      3029 State Rte 27, Franklin Park, NJ 08823-1200
      View Details
    • Value Estimation by Request
      4,080 SF

      3171 State Rte 27

      COMMERCIAL (GENERAL) • 4,080 SF
      3171 State Rte 27, Franklin Park, NJ 08823-1303
      View Details
    • Value Estimation
      $330,000
      1,634 SF

      2993 Rt 27

      COMMERCIAL (GENERAL) • 1,634 SF
      2993 Rt 27, Franklin Park, NJ 08823
      View Details
    • Value Estimation by Request
      54,451 SF

      3391 Nj-27

      Retail properties • 54,451 SF
      3391 Nj-27, Franklin Township, NJ 08823
      View Details
    • Value Estimation by Request
      9,100 SF

      3201 State Rte 27

      COMMERCIAL (GENERAL) • 9,100 SF
      3201 State Rte 27, Franklin Park, NJ 08823-1357
      View Details
    • Value Estimation by Request
      7,376 SF

      3175 State Rte 27

      COMMERCIAL (GENERAL) • 7,376 SF
      3175 State Rte 27, Franklin Park, NJ 08823-1365
      View Details

    Similar Nearby for Sale

    • $270,777

      Affordable Housing Unit in Somerset

      Three-bedroom unit in Beacon Hill, Somerset, for qualified buyers.
      223 Sapphire Ln, Franklin Park, NJ 08823
      View Details
    • Contact for pricing
      8,320 SF

      Franklin Office Suite For Sale

      Commercial office suite available in Franklin, NJ.
      3031 Rte 27, Franklin, NJ 08823
      View Details
    • $1,599,000
      4,483 SF

      Franklin Twsp Office/Medical Building

      Pristine 4,483 SF office/medical building in Franklin Twsp, NJ.
      3055 State Rte 27 Rte, Franklin Park, NJ 08823
      View Details
    • $1,400,000
      15.24 Acres

      Residential Land on Route 27

      15.24 acres on Route 27, zoned for residential development.
      3241 Rte, Franklin Twp, NJ 08823
      View Details
    • $1,599,000
      4,483 SF

      Franklin Twp. Office/Medical Building

      Pristine 4,483 SF office/medical building in Franklin Twp., NJ.
      3055 Rte, Franklin Twp, NJ 08823
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,451 SF

      Franklin Towne Center Retail Space

      Prime Somerset County Retail Center - 54,451 SF Available
      3391 Nj-27, Franklin Township, NJ 08823
      View Details
    • $1,100 /Mo

      Route 27 Office Suite

      660 SF office suite available for rent October 1st.
      3031 Rte 27, Franklin Park, NJ 08823
      View Details
    • $1,100 /Mo

      Route 27 Office Suite

      660 SF office suite available for rent October 1st.
      3031 Rte 27, Franklin Twp, NJ 08823
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18 Delar Pkwy
    Franklin Park, NJ 08823-1352
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.