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Property profile & analytics
OFF-MARKET Estimated value $945,000
Commercial real estate

270 Pompton Ave Cedar Grove, NJ 07009-2041

0.5 ac lot Built 1964
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-1552381
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1964
Construction CONCRETE BLOCKS
Lot 0.5 ac (21,754 SF)
Zoning code RC
APN 04 00061-0000-00010
UPID US59-1552381
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
$1.07M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
Aza Mursalim · 2 yrs held
Aza Mursalim
since 2023
Last sale
$790,000
3 recorded transactions
2023
$790,000
2004
$1
1969
Price N/A
Zoning & alternative use
RC · Cedar Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 encourag…

Zone name Restricted Commercial District
General category COMMERCIAL
Zone area 98.06 ac
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