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Property profile & analytics
OFF-MARKET Estimated value $1,850,000
Commercial real estate

246 Passaic Ave West Caldwell, NJ 07006-8204

2.18 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US59-1339374
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.18 ac (94,961 SF)
Zoning code R-3
APN 21 02802-0000-00014- 01
UPID US59-1339374
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
  • Caldwell Nursery Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.85M
Owner & transaction history
246 Passaic Ave LLC
246 Passaic Ave LLC
since 2025
Last sale
$1.9M
1 recorded transaction
2025
$1.9M
Zoning & alternative use
R-3 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Single-family detached dwellings subject to the standards of the R-3 Zone. b. On a tract of at least four acres in area, multi-family dwellings in residential clusters, including townhouses, at a maximum density of 7.5 dwelling units per gross acre with the acreage determined prior to any right-of-way dedication for widening of existing roads. Any residentia…

Zone name Single Family Residence
General category INDUSTRIAL
Zone area 695.77 ac
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