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Property profile & analytics
OFF-MARKET Estimated value $1,345,000
Commercial real estate

2060-2062 Millburn Ave 2062 Maplewood, NJ 07040-3713

7,016 SF 0.11 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-2140876
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Construction FRAME
Total area 7,016 SF
Lot 0.11 ac (5,001 SF)
Zoning code OB
APN 11 00021- 06-00133
UPID US59-2140876
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
  • Ortega Brothers Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.52M
CAP Approach CAP
$1.49M
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.35M
Owner & transaction history
Orion Real Estate LLC · 4 yrs held
Orion Real Estate LLC
since 2021
Last sale
$1.2M
2 recorded transactions
2021
$1.2M
2018
Price N/A
Zoning & alternative use
OB · Maplewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

For Office Business (OB) District refer to § 271-70E(4) . [4] For Residential single- and two-family (R-2-4) District refer to § 271-70B(4) . [5] For Continuing Care Retirement Community (CCRC) Zone refer to § 271-70I(4) . (b) Buffers shall be required in accordance with the regulations found at § 271-37 . (c) Building design. The design of residential build…

Zone name Office Business
General category CIVIC_INSTITUTIONAL
Zone area 24.47 ac
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