Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

198 North Ave E Cranford, NJ 07016

FOR SALE
Other commercial real estate
Property ID
US59-1118439
2,676 SF 0.56 ac lot Built 1965
Last sale Sep 2026 · $1,561,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This professional office building is located in Cranford’s downtown business district on a lot of over half an acre. The property provides approximately 5,352 square feet of office space and features architectural details and updates. Interior amenities include multiple conference rooms, a waiting area, X-ray facilities, and reception space. The layout includes 8 offices, 1 lavatory, a reception area, and a waiting room; the first floor has historically been used for medical and dental…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$26k
Tax billed · 2022
Assessed value · 2023$400k
Assessed land$172k
Assessed improvement$228k
Effective rate6.61%

Value estimate

· Oct 2026
$1.78M
$1.60M – $1.96M
AI approach$1.73M
Submarket $/SF estimate$989k
NOI build-up
Gross scheduled income$161k
Vacancy & credit loss−$51k
Operating expenses−$27k
NOI · 4.57% cap applied$82k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$248/SF
County average, outlier-cleaned · 826 recorded sales of this use type
Observed band · Q1–Q3$153 – $369
Qualifying comparables8

Cap rate analysis

How does the asset earn?
4.57%
$82k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.9
Tailor Shop10.8
Clothing Store10.3

Location

198 North Ave E Cranford, NJ 07016
County assessor Recorded deeds · 5 transfers 8 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8 Eastman, Cranford, NJ 07016-2289 $2,625,000 Apr 2025 8,146 SF
24 Nn E, Cranford, NJ 07016-5115 $1,294,000 Jan 2025 2,245 SF
102 Ss W, Cranford, NJ 07016-2652 $1,062,500 Nov 2024 2,384 SF
104 Un, Cranford, NJ 07016-2121 $600,000 May 2024 1,725 SF
113-115 Elizabeth, Cranford, NJ 07016-1633 $955,000 Jan 2024 5,184 SF
655 Raritan, Cranford, NJ 07016-3604 $825,000 Jan 2023 2,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved