Property profile

32 Spruce St Oakland, NJ 07436

OFF-MARKET
Industrial properties
Property ID
US59-1126727
2.11 ac lot
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 32 Spruce Street in Oakland, New Jersey, presents a compelling investment opportunity. Priced at $16 million, this office building offers significant potential for growth and return. While the square footage is currently unavailable, the property's strategic location in Oakland ensures high visibility and accessibility. The absence of acreage indicates a compact, potentially highly efficient building design, ideal for a variety of business uses. The property's address suggests proximity to local amenities and transportation networks, making it an attractive option for both employees and clients. Further due diligence is recommended to ascertain the precise square footage and internal layout of the building. This could include a detailed property inspection to assess the building's condition, systems, and potential for renovation or expansion. The lack of additional descriptive information underscores the need for a thorough investigation to fully understand the property's capabilities and potential. Given the price point, this property is likely to appeal to sophisticated investors seeking a strong foothold in the New Jersey commercial real estate market. Interested parties are encouraged to conduct their own independent research and due diligence to confirm all aspects of the property before making an offer. This is a unique opportunity to acquire a well-situated commercial building in a thriving New Jersey community.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 2.11 ac (91,912 SF)
APN 42 02302-0000-00020
UPID US59-1126727

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Telecommunications Service General Contractor
  • Factory Production Facility

Location

32 Spruce St Oakland, NJ 07436-1811
Oakland metro Census 39100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2016
2 recorded transactions
2016
$4.5M
1969
Price N/A

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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