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Property profile

224 Highland Pkwy 40 Roselle, NJ 07203

OFF-MARKET
Industrial properties
Property ID
US59-0850386
View Sample
650,000 SF 0.38 ac lot Built 1979
Entity Owned 9-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 650,000 SF
Lot 0.38 ac (16,422 SF)
Zoning code I
APN 14 02903-0000-00001
UPID US59-0850386

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.10M

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2017
$1.1M
2017
$1.1M
2016
$565,000
1969
Price N/A

Zoning & alternative use

I · Roselle, NJ
Zoning description

The purpose of the Industrial Zone is to provide for the expansion and development of light industrial land uses in the Borough of Roselle to provide for a compatible land use relationship; to restrict the emission of an…

General category INDUSTRIAL

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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