25 Lindsley Rd Cedar Grove, NJ 07009-1023
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
SL/C · Cedar Grove, NJSL/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 long-term care facilities such as nursing homes. SL/C zoning is located in areas with ready access to major roadways and public transportation as well as other supporting infrastructure. J. O Office Building Zone (minimum lot size one acre). The O Office Building Zone is located where it has been determined that the land may be used for offices without adversely affecting traffic, available utilities, the general character of the Township, the neighborhood, or other zoning districts in the vicinity. K. B Retail Shopping Zone (no minimum lot size). The B Zone is intended for the conduct of general business which supplies the basic current family needs, including but not limited to such retail stores as drug, food, clothing and hardware and, in addition, such other uses as theaters and restaurants. In addition, it is the intent of this zone to promote the development of the central shopping district with ample off-street parking and to encourage the tendency of retail commercial development to concentrate, to the mutual advantage of both consumers and merchants, for the convenience, ease and safety of the public and thus to strengthen the economic base of the Township. L. RC Restricted Commercial Zone. The RC Zone is located in several different areas on both sides of Pompton Avenue. The zone is designated for nonresidential uses limited in a manner intended not to adversely affect the development and vitality of the B District as a well-defined central shopping area. The permitted uses in the RC Zone are designed to encourage the development of the land in the district primarily for retail uses, with additional provisions for professional and business offices, recreational uses, and commercial schools. In addition, the zoning will permit special commercial-type uses, without area limitations, that may attract considerable traffic and parking to locations away from the congestion of the general retail trade area where such uses can be accommodated in beneficial relation to one another. M. M-1 and M-2 Office/Warehouse Zones.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.