Property profile

3498 Rt 22 Readington, NJ 08870

OFF-MARKET
Commercial real estate
Property ID
US59-1565134
5,112 SF 3 ac lot Built 1970
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 5,112 SF
Lot 3 ac (130,680 SF)
Zoning code POAR
APN 22 00015-0000-00017
UPID US59-1565134

Cap rate & NOI

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

Location

3498 Rt 22 Readington, NJ 08870
Readington metro Census 11100 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$671k
Blend (final) Blend
$575k

Owner & transaction history

since 2018
1 recorded transaction
2018
$580,000

Zoning & alternative use

POAR · Readington, NJ
Top alternative use upside
Apartment house (5+ units) $900,000 +5.7%

Comparables

1 recent transactions · within 1.5 mi
Comparable in this city
1 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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