Property profile

514 Martin Pl Scotch Plains, NJ 07076

OFF-MARKET
Industrial properties
Property ID
US59-1775919
0.29 ac lot
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 0.29 ac (12,502 SF)
Zoning code B-2
APN 16 00301-0000-00003
UPID US59-1775919

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Landscaping

Location

514 Martin Pl Scotch Plains, NJ 07076-1621
Scotch Plains metro Census 38400 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
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2019
2 recorded transactions
2019
$525,000
1989
$270,000

Zoning & alternative use

B-2 · Scotch Plains, NJ
Zoning description

The Intent of this zone is to promote Retail Business uses

General category COMMERCIAL

Comparables

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