Individually Owned 
For Lease
1 / 7
$1,700/Mo
2504 Plainfield Ave, Scotch Plains, NJ 07076
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Property summary
AI-generated overview
This exceptional office space, located at 2504 Plainfield Ave in Scotch Plains, New Jersey (zip code 07076), offers 647 square feet of renovated, functional workspace. The property is classified as both Traditional and Creative Office space, making it suitable for a variety of businesses. The layout includes a private bathroom and a kitchenette, enhancing convenience and comfort. Ample storage is provided with two extra-large closets. A second, lockable office space offers additional flexibility and privacy. The building is available for multiple tenants. This ready-to-occupy space is ideally situated in Scotch Plains, offering easy access to local amenities and transportation. The property is in excellent condition and features modern updates. The space is perfect for a small business or professional seeking a well-appointed and efficient office environment. Interested parties should inquire for lease terms and availability. The property's GPS coordinates are 40.65739252 latitude and -74.37825208 longitude.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Construction
BRICK
Total area
4,032 SF
Lot
0.24 ac (10,542 SF)
Zoning code
M-1
APN
16 06503-0000-00007- 01
UPID
US59-1888965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Freight Service Logistics Company
-
General Contractor Construction Company
-
Plumbing Service General Contractor
-
Textile Manufacturer Factory
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$590k
Owner & transaction history
since 2013
4 recorded transactions
Zoning & alternative use
M-1 · Scotch Plains, NJ
Zoning description
The Intent of this zone is to promote Industry uses
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 22 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$590k
Value range
$531k – $649k
±10% around blend
Estimated value / SF
$146 / SF
Confidence
High
22 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$531k
blend $590k
$649k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,032 SF
Lot area
0.24 ac
Year built
1971
Stories
1
APN
16 06503-0000-00007- 01
Zoning
M-1
Assessed value
$156,200
Annual tax
$17,627
3
Income approach: direct capitalization
Partial preview
Income approach indication
$820k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$885k
@ 6.5% CAP return
$820k
@ 7% CAP return
$760k
4
Sales comparison
Partial preview
Sales approach indication
$982k
Weighted, 20 comps · high confidence
Evidence
22 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 4,800 SF
6.9 mi away · 3,000 SF
7.1 mi away · 3,843 SF
7.2 mi away · 3,276 SF
7.2 mi away · 5,003 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$590k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$259
-43%
Submarket 27 sales
$259
-43%
County 826 sales
$248
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $146/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 22 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$156k
Move the market yield to see immediate price impact.
Value / SF
$39
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$10k
$197k
$141k
$109k
$11k
$219k
$156k
$121k
$12k
$241k
$172k
$134k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
22 found
High confidence · county-verified
Closest comparable
$950k
1.7 mi · Dec 2025 · $250/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,627
Tax year 2022
Assessed value
$156,200
Assessed 2023
Previous assessed
$156,200
+0.0% YoY
Effective rate
11.28%
On assessed value
Assessed land
$60,000
Assessed improvement
$96,200
Land market value
$60,000
Improvement market value
$96,200
Total market value
$156,200
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1971
Construction
BRICK
Heating
NONE
Stories
1
Total area
4,032 SF
Lot
0.24 ac (10,542 SF)
Zoning code
M-1
APN
16 06503-0000-00007- 01
UPID
US59-1888965
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Scotch Plains, NJZoning M-1 · permitted uses
M-1 · Scotch Plains, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Intent of this zone is to promote Industry uses
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1971
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
M-1
UNKNOWN
Jurisdiction
Scotch Plains, NJ
Recorded code
M-1
Official district
M-1
Official district profile
What the municipal code says about M-1
Zoning description
The Intent of this zone is to promote Industry uses
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Scotch Plains, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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