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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Commercial real estate
2450 Plainfield Ave Scotch Plains, NJ 07076-2042
Individually Owned
Free & Clear
Property ID
US59-1416974
Property summary
AI-generated overview
This 6,800-square-foot industrial warehouse, situated on a 1.05-acre lot in Scotch Plains, New Jersey (07076), presents a compelling investment opportunity. The property, located at 2450 Plainfield Ave, is zoned M-1 Industrial, offering significant flexibility for various uses. Built in 1950 with a newer metal warehouse addition, the building boasts a diverse layout. This includes approximately 3,000 square feet of office space, a 2,000-square-foot shop area with 20-foot clear ceilings, and a 1,800-square-foot warehouse section with 12-foot clear ceilings. The warehouse features two 12' x 16' high drive-in doors and one 10' x 12' high drive-in door for convenient access. Additional features include basement storage, 200-amp service in the office, and three-phase heavy power for the shop and warehouse. The property also offers approximately 75 acres of outdoor parking and storage, providing ample space for equipment and materials. The asking price is $3,900,000, and the lease type is NNN. Ceiling heights range from 8 to 22 feet.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Lot
1.04 ac (45,194 SF)
Zoning code
M-1
APN
16 06502-0000-00001- 01
UPID
US59-1416974
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
-
Synthetic Surfaces Inc Industrial Manufacturer Production Facility
-
Chantal Pine Real Estate Agency
-
Rhino Truck Bed Liners Mountainside Auto Parts Store
-
Electric Beach Cart Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.15M
Owner & transaction history
Township Of Scotch Plains
Township Of Scotch Plains
since 2025
Last sale
$3.2M
2 recorded transactions
Zoning & alternative use
M-1 · Scotch Plains, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Scotch Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scotch Plains submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$22,570
Tax year 2022
Assessed value
$200,000
Assessed 2023
Previous assessed
$200,000
+0.0% YoY
Effective rate
11.29%
On assessed value
Assessed land
$123,200
Assessed improvement
$76,800
Land market value
$123,200
Improvement market value
$76,800
Total market value
$200,000
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1954
Heating
NONE
Lot
1.04 ac (45,194 SF)
Zoning code
M-1
APN
16 06502-0000-00001- 01
UPID
US59-1416974
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Scotch Plains, NJ
Zoning M-1 · permitted uses
M-1 · Scotch Plains, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scotch Plains. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Lot
1.04 ac
Current owner
From public records · entity-resolved
Township Of Scotch Plains
Individual
Free & Clear · 0 yrs held
Mailing address
2450 PLAINFIELD AVE, SCOTCH PLAINS, NJ 07076-2042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$3,150,000
Township Of Scotch Plains
Paxico LLC
Deed
—
Jul 17, 2014
$710,000
Paxico LLC
Asplundh Tree Expert Co
Grant Deed
$568,000 · Rsi Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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