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    Property profile & analytics

    384 Rutherford Ave Franklin, NJ 07416

    • Commercial real estate
    • 5,064 SF
    • 0.32 lot acres
    For Lease
    View listing
    $1,000 /Mo
    Value Estimation
    $160,000
    Last Sale
    Mar 16, 2022
    $150,000
    Location Intelligence
    Property ID
    US59-1182154
    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 384 Rutherford Ave

    Year built
    1950
    Lot size
    0.32 lot acres
    Property size
    5,064 SF
    Zone code
    B-1
    Property type
    Commercial real estate
    APN
    06 00605-0000-00002
    APU
    600605000000002

    Description

    This exceptional commercial property, located at 384 Rutherford Avenue in Franklin, New Jersey, presents a unique investment opportunity. Situated on a sizable 0.76-acre lot, the property features a substantial garage building equipped with electricity. The garage offers ample space for various commercial uses, from vehicle storage and repair to equipment warehousing or potentially even light manufacturing, subject to local zoning regulations. Its strategic location provides easy access to major highways, ensuring convenient transportation for both employees and clients. The high-traffic area surrounding the property promises significant visibility and accessibility, making it an ideal location for a business seeking a strong presence in the Franklin community. The property's size and features offer considerable flexibility for a range of commercial ventures. This is a must-see property for any investor or business owner looking for a well-located, functional space with significant potential. The asking price is $495,000. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to acquire a valuable commercial asset in a thriving location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $210,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $220,000
      Mixed-Use
      $180,000
      Hospitality
      $190,000
      Educational
      $215,000
      Residential Income
      $190,000
      Energy
      $205,000
      Income-Based Land
      $165,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.5785
    Latitude
    41.1276
    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
    $14,068
    $228,700
    $306,500
    $535,200
    -
    $228,700
    $306,500
    $535,200

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    384 Rutherford Ave
    Franklin, NJ 07416
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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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