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Property profile & analytics
OFF-MARKET Estimated value $565,000
Commercial real estate

245 Monroe St Passaic, NJ 07055

0.07 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US59-1280354
Property summary
AI-generated overview

This exceptional commercial property, located at 245 Monroe Street in Passaic, New Jersey, presents a unique investment opportunity. Priced at $6,300, this property offers significant potential for various commercial uses. While the square footage is not currently specified, the property sits on a zero-acre lot, suggesting a compact footprint ideal for a smaller business or a strategic addition to an existing portfolio. The property type is classified as "Other," indicating flexibility in its potential applications. Its central Passaic location provides easy access to local amenities, transportation routes, and a diverse customer base. The absence of detailed square footage information necessitates an on-site inspection to fully assess the property's dimensions and layout. This presents a chance for a discerning investor to conduct due diligence and tailor the space to their specific commercial needs. Given the attractive price point and the property's strategic location, this represents a compelling investment opportunity in a vibrant New Jersey market. Interested parties are encouraged to schedule a viewing to explore the full potential of this unique commercial property. The lack of specified square footage should be considered when evaluating the property's suitability for intended use.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Lot 0.07 ac (2,886 SF)
Zoning code C-R
APN 07 04091-0000-00010
UPID US59-1280354
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$565k
Owner & transaction history
Taiba Enterprises LLC · 1 yrs held
Taiba Enterprises LLC
since 2024
Last sale
$565,000
2 recorded transactions
2024
$565,000
2020
$429,000
Zoning & alternative use
C-R · Passaic, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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