Financial
Distress signals
Property profile

24 Franklin Ave Nutley, NJ 07110

OFF-MARKET
Industrial properties
Property ID
US59-0171683
0.06 ac lot Built 1920
Last sale Jul 2025 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional mixed-use property, situated on a 0.06-acre lot at the highly visible corner of Franklin Avenue and Essex Street in Nutley, NJ, presents a compelling investment opportunity. The 3,600 square foot building boasts a newly installed roof and recently updated units, minimizing maintenance and operating expenses. The ground floor comprises two commercial spaces currently leased as a single unit, generating consistent rental income. Upstairs, a spacious two-bedroom, two-bathroom

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2023$527k
Assessed land$298k
Assessed improvement$229k
Effective rate3.05%

Value estimate

· Sep 2026
$525k
$473k – $578k
AI approach$525k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$226/SF
County average, outlier-cleaned · 111 recorded sales of this use type
Observed band · Q1–Q3$153 – $444

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3
Permitted uses in B-3 Zoning District. The following uses are permitted in the B-3 Zoning District: Professional and business offices. Fi...
General categoryCOMMERCIAL
JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.9
Tailor Shop10.1
Auto Parts Store10.0

Location

24 Franklin Ave Nutley, NJ 07110-3295
County assessor Recorded deeds · 5 transfers Comp sales · not on file Zoning catalog

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

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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