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    Property profile & analytics

    3055 State Rte 27 Franklin Park, NJ 08823-1315

    • Commercial real estate
    • 3,940 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Mar 03, 2020
    Location Intelligence
    Property ID
    US59-2078233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3055 State Rte 27

    Construction
    BRICK
    Lot size
    0.45 lot acres
    Property size
    3,940 SF
    Zone code
    NBH
    Property type
    Commercial real estate
    APN
    08 00034- 01-00031
    APU
    8000340100031

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5368
    Latitude
    40.4384
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,330
    $405,000
    $203,000
    $608,000
    -
    $405,000
    $203,000
    $608,000

    Comparable in this City

    • Value Estimation by Request
      8,550 SF

      3029 State Rte 27

      COMMERCIAL (GENERAL) • 8,550 SF
      3029 State Rte 27, Franklin Park, NJ 08823-1200
      View Details
    • Value Estimation by Request
      4,080 SF

      3171 State Rte 27

      COMMERCIAL (GENERAL) • 4,080 SF
      3171 State Rte 27, Franklin Park, NJ 08823-1303
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    • Value Estimation
      $330,000
      1,634 SF

      2993 Rt 27

      COMMERCIAL (GENERAL) • 1,634 SF
      2993 Rt 27, Franklin Park, NJ 08823
      View Details
    • Value Estimation by Request
      9,100 SF

      3201 State Rte 27

      COMMERCIAL (GENERAL) • 9,100 SF
      3201 State Rte 27, Franklin Park, NJ 08823-1357
      View Details
    • Value Estimation by Request
      7,376 SF

      3175 State Rte 27

      COMMERCIAL (GENERAL) • 7,376 SF
      3175 State Rte 27, Franklin Park, NJ 08823-1365
      View Details
    • Value Estimation by Request
      8,320 SF

      3031 State Rte 27

      COMMERCIAL (GENERAL) • 8,320 SF
      3031 State Rte 27, Franklin Park, NJ 08823-1243
      View Details

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    • $1,100 /Mo

      Route 27 Office Suite

      660 SF office suite available for rent October 1st.
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    3055 State Rte 27
    Franklin Park, NJ 08823-1315
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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