You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,030,000
Residential income homes

248 Grv Ave Cedar Grove, NJ 07009-1436

2.45 ac lot
Entity Owned 6-yr Hold Absentee Owner
Property ID
US59-2442517
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Construction TYPE NOT SPECIFIED
Lot 2.45 ac (106,731 SF)
Zoning code SL/C
APN 04 00071-0000-00002
UPID US59-2442517
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
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M
Owner & transaction history
2-48 Grove Avenue LLC · 6 yrs held
2-48 Grove Avenue LLC
since 2019
7 recorded transactions
2019
$13.8M
2019
Price N/A
2015
$1.2M
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SL/C · Cedar Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

SL/C Senior Living/Care Residential Zone (minimum lot size three acres). For planned residential retirement communities, minimum lot size of 10 acres. The SL/C Zoning District is established in recognition of the need for senior citizen housing and residential health care. Permitted uses within the zone include planned residential retirement communities and…

Zone name Senior Living And Care District
General category RESIDENTIAL
Zone area 80.41 ac
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 248 Grv Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message