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Property profile & analytics
OFF-MARKET Estimated value $2,910,000
Industrial properties

2 Frassetto Way Lincoln Park, NJ 07035-2062

28,608 SF 2.25 ac lot Built 1984
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1295097
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1984
Total area 28,608 SF
Lot 2.25 ac (98,054 SF)
Zoning code I
APN 16 22902-0000-00008
UPID US59-1295097
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
  • Willow Auction House Trade Show Venue (Bike/Boat/Book/etc) Store
  • Innovative Solutions and Technology Factory Industrial Manufacturer
  • All Wrapped Up LLC Moving Company Storage Facility
  • Eastern Lift Truck Co. - Lincoln Park Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Willow Transitions LLC Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.91M
Owner & transaction history
Ice INC
Ice INC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
I · Lincoln Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

I, INDUSTRIAL ZONE: Within the I, Industrial Zone , no premises, lot, building or structure shall be used and no building or structure shall be erected or altered, to be used in whole or in part for any other than the following purposes: A. Permitted Uses. 1. All industrial uses are permitted provided that such uses comply with the performance standards as h…

Zone name Industrial
General category INDUSTRIAL
Zone area 565.27 ac
Source Chapter 28 Zoning Ordinance
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