281 Royal Ave Hawthorne, NJ 07506
I-1 Industrial Zone. The following regulations shall apply in the I-1 Zone: A. Permitted use. The following uses shall be permitted in the I-1 Zone: (1) Establishments which are engaged in research and development, manufacturing, processing, fabricating, indoor warehousing and storage, provided that no land or building shall be used or occupied for a use whi…
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Hawthorne, NJI-1 Industrial Zone. The following regulations shall apply in the I-1 Zone: A. Permitted use. The following uses shall be permitted in the I-1 Zone: (1) Establishments which are engaged in research and development, manufacturing, processing, fabricating, indoor warehousing and storage, provided that no land or building shall be used or occupied for a use which will in any manner create any dangerous, injurious, noxious or otherwise objectionable fire, explosive, radioactive or other hazard; noise or vibration; smoke, dust, odor or other form of air pollution; heat, cold, dampness; movement of air; electrical or other disturbance; glare; liquid or solid wastes, any of which shall violate the performance standards as set forth in § 540-134 . (2) Uses permitted in the B-1 and O-1 Zone Districts shall be permitted in I-1 Industrial Zones; provided, however, that no residential use, even as allowed by B-1 Zone District regulations, will be permitted. Outdoor storage of materials shall not be permitted as a principal or primary use and shall only be permitted as incidental to a permitted principal or primary use. Outdoor storage of materials may not take place, even where incidental to a primary use, as a matter of right, and shall be strictly subject to review, approval, and such conditions as may be imposed by the reviewing board hearing any application seeking approval of the same. B. Prohibited uses. The following uses are hereby prohibited in the I-1 Zone: (1) In an I-1 Industrial Zone District and except as specifically permitted under § 540-167A , no land or building shall be used or occupied and no building shall be erected, altered or enlarged which is arranged, intended or designed to be used or occupied for any of the following specified trades, businesses or uses: (a) Acetylene gas manufacture. (b) Ammonia, chlorine or bleaching powder manufacture. (c) Animal black, lampblack or bone black manufacture. (d) Asphalt manufacture or refining. (e) Automobile junkyard. (f) Blast furnace. (g) Boiler works. (h) Brick, pottery, tile or terra cotta manufacture. (i) Coke ovens. (j) Creosote treatment or manufacture. (k) Crematory. (l) Disinfectant, insecticide or poison manufacture. (m) Distillation of coal, petroleum, refuse, grain, wood or bones, except in the manufacture of gas. (n) Dye manufacture. (o) Emery cloth and sandpaper manufacture. (p) Explosives manufacture or storage, except small arms ammunition. (q) Cork manufacture. (r) Fertilizer plant. (s) Forge plant. (t) Gas storage, in excess of 20,000 cubic feet.
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.