Property profile

27 State Rt 23 Franklin, NJ 07416

OFF-MARKET
Turn key restaurants
Property ID
US59-1643462
3,840 SF 0.47 ac lot Built 1980
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 3,840 SF
Lot 0.47 ac (20,343 SF)
Zoning code HC-2
APN 06 02402-0000-00002
UPID US59-1643462

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

27 State Rt 23 Franklin, NJ 07416-1903
Franklin metro Census 372800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2016
6 recorded transactions
2021
Price N/A
2017
Price N/A
2016
$344,250
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HC-2 · Franklin, NJ
Zoning description

The intent of this zone is to promote Highway Commercial uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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