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Property profile & analytics
OFF-MARKET Estimated value $1,510,000
Commercial real estate

461 Watchung Ave Watchung, NJ 07069-4945

11,905 SF 0.65 ac lot Built 1970
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US59-1434667
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction FRAME
Total area 11,905 SF
Lot 0.65 ac (28,314 SF)
Zoning code B-A
APN 21 04701-0000-00007
UPID US59-1434667
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.51M
Owner & transaction history
Triangle Shopps LLC · 19 yrs held
Triangle Shopps LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
B-A · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livest…

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 19.89 ac
Top alternative use upside
Office building $2.5M +1.0%
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