Property profile

2870 State Rt 23 Newfoundland, NJ 07435

OFF-MARKET
Commercial real estate
Property ID
US59-2250234
2,997 SF 0.39 ac lot Built 1915
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1915
Construction FRAME
Total area 2,997 SF
Lot 0.39 ac (16,814 SF)
Zoning code C-2
APN 14 00575-0000-00007
UPID US59-2250234

Cap rate & NOI

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

Location

2870 State Rt 23 Newfoundland, NJ 07435-1410
Newfoundland metro Census 44601 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$518k
Blend (final) Blend
$690k

Owner & transaction history

since 2023
Last sale
$600,000
3 recorded transactions
2023
$600,000
2023
Price N/A
2021
$465,000

Zoning & alternative use

C-2 · Newfoundland, NJ

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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