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Property profile & analytics
FOR LEASE
Industrial properties

4 7Th St Frenchtown, NJ 08825

0.62 ac lot
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-0993417
Property summary
AI-generated overview

This exceptional 10,650-square-foot industrial property in Frenchtown, New Jersey, is offered at $1,100,000. Situated on a 0.62-acre lot at 4 Seventh Street, 08825, this property features two units totaling 10,650 square feet. One unit offers approximately 2,000 square feet of ground floor space with 16-foot ceilings, while the other encompasses approximately 8,650 square feet with 14-16 foot ceilings, plus an additional 2,000 square feet of second-floor space. The building boasts two loading docks, drive-in capabilities, and the potential to add two more drive-in bays. A significant advantage is the presence of an interior crane located above a potential drive-in bay. The property benefits from city water and sewer, propane heat, and heavy power distribution throughout, reflecting its former use as a carpentry/wood shop. A full sprinkler system ensures safety. Ideal for various uses including fabrication, assembly, light manufacturing, e-commerce, and sports/athletic businesses, this property also serves as an excellent satellite facility for regional service-oriented businesses. Annual property taxes are approximately $13,808.52. The asking price is $1,100,000, with a lease rate of $7.00 per square foot (base rent).

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 0.62 ac (27,007 SF)
Zoning code R-2
APN 11 00018-0000-00001
UPID US59-0993417
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Architectural Woodworking General Contractor Renovation Specialist
  • NJAWI Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Genman Ritzmann Real Estate Partner · 5 yrs held
Genman Ritzmann Real Estate Partner
since 2020
5 recorded transactions
2020
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-2 · Frenchtown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

nvironmental performance standards. § 50-309 Conditional uses. § 50-310 Steep slope development. § 50-311 Tree removal and replacement. Article IV District Regulations § 50-401 R-1 Low-Density Residential Zone. § 50-402 R-2 Medium-Density Residential Zone. § 50-403 R-3 Multifamily Residential Zone. § 50-404 R-4A Central Commercial Zone. § 50-405 R-4B Transit…

Zone name Medium Density Residential
General category RESIDENTIAL
Zone area 64.64 ac
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