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Property profile & analytics
OFF-MARKET
Industrial properties

28 Hanover Ave Morris Plains, NJ 07950-2455

0.23 ac lot Built 1950
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US59-1368497
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1950
Construction CONCRETE BLOCKS
Lot 0.23 ac (10,019 SF)
Zoning code I
APN 23 00024-0000-00005
UPID US59-1368497
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
28 East Hanover Avenue Associa · 11 yrs held
28 East Hanover Avenue Associa
since 2015
2 recorded transactions
2015
$562,500
1969
Price N/A
Zoning & alternative use
I · Morris Plains, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Helistops. Notwithstanding any other, provisions of this chapter, a private helistop shall be permitted as an accessory use in the L-1 and L-2 Research Laboratory Zone and the I Limited Industrial Zone, but not in any portion of an overlay zone intended for hotels and other specified uses, subject to the determination by the Planning Board that all of the fo…

Zone name Limited Industrial
General category INDUSTRIAL
Zone area 79.05 ac
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