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Property profile & analytics
OFF-MARKET Estimated value $920,000
Commercial real estate

46-48 Water St 48 Newton, NJ 07860-1419

9,680 SF 0.45 ac lot Built 1953
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-2142246
Property summary
AI-generated overview

This exceptional commercial property, located at 46-48 Water Street in the vibrant town of Newton, New Jersey, presents a fantastic opportunity for businesses seeking a well-maintained and conveniently situated office space. Boasting a generous 11,860 square feet of interior space, this property is ideal for a variety of commercial uses. The building has undergone recent renovations, ensuring a modern and functional workspace for its occupants. A key feature is the inclusion of two private bathrooms, providing ample convenience and privacy for employees and clients. Furthermore, significant storage space is available throughout the building, addressing the needs of businesses requiring substantial storage capacity. The property sits on a sizable 0.45-acre lot, offering potential for expansion or outdoor amenities. The asking price for this prime commercial real estate is $3,000. This represents an excellent investment opportunity in a thriving New Jersey town. The location in the heart of Newton provides easy access to local amenities, transportation routes, and a strong workforce. This property is ready for immediate occupancy and offers a unique blend of modern amenities and a desirable location. Serious inquiries are encouraged to explore this exceptional commercial property further. Don't miss this chance to secure a well-appointed and strategically located office space in Newton, NJ.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Construction TYPE NOT SPECIFIED
Total area 9,680 SF
Lot 0.45 ac (19,515 SF)
Zoning code T-5
APN 15 00005- 05-00021
UPID US59-2142246
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$905k
CAP Approach CAP
by Request
Comparable Approach Comparable
$686k
Blend (final) Blend
$920k
Owner & transaction history
Water Street Realty LLC · 1 yrs held
Water Street Realty LLC
since 2025
Last sale
$950,000
7 recorded transactions
2025
$950,000
2017
Price N/A
2003
$140,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
T-5 · Newton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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