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Property profile & analytics
OFF-MARKET
Commercial real estate

2318 New Rd Northfield, NJ 08225-1440

0.24 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-0362395
Property summary
AI-generated overview

This meticulously renovated 1,164 square foot mixed-use property at 2318 New Road, Northfield, NJ, sits on a 0.24-acre lot and presents a unique investment opportunity. The building boasts a classic A-frame design with high ceilings and stunning architectural details, creating a bright and spacious interior. A complete renovation includes new laminate flooring throughout, central air conditioning, and a brand-new roof. All electrical, HVAC, and plumbing systems have been replaced, ensuring modern functionality and efficiency. The property currently functions as an office space with ample storage, but its versatility allows for a wide range of uses. A full basement provides additional storage or potential for expansion. Its location in a high-traffic area of Northfield offers excellent visibility and accessibility to nearby businesses, offices, and schools. Importantly, approvals for open flame use (ovens and grills) have already been obtained, opening up further possibilities for food-related businesses. This property is priced at $315,000 and offers an exceptional chance to establish a thriving business in a desirable location. The combination of modern updates, versatile space, and prime location makes this an attractive proposition for discerning investors and entrepreneurs.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 0.24 ac (10,367 SF)
Zoning code C-B
APN 18 00082-0000-00008- 01
UPID US59-0362395
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
  • Sedgwick's Vip Limousine Service Limousine Service Airport Shuttle Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Elk Apparel LLC · 1 yrs held
Elk Apparel LLC
since 2025
Last sale
$300,000
7 recorded transactions
2025
$300,000
2021
$175,000
2020
$212,000
2016
Price N/A
2015
$175,000
2009
Price N/A
1999
$108,500
Zoning & alternative use
C-B · Northfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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