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Property profile & analytics
FOR SALE
Commercial real estate

527 County Route 515 2 Vernon, NJ 07462

4,352 SF 0.42 ac lot Built 1960
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-2253908
Property summary
AI-generated overview

This exceptional commercial space, located at 527 County Route 515 in Vernon, NJ, presents a fantastic opportunity for a retail or professional business. Situated within the vibrant Vernon Town Center, this unit boasts a highly visible street-facing location on Route 515, featuring large bay windows that maximize exposure for optimal business visibility. The space is available for lease as a single unit or can be combined with an adjacent unit (MLS#3925710) for businesses requiring additional square footage. The property offers a variety of permitted uses, catering to a wide range of professional and retail businesses. This high-traffic area ensures significant road exposure, guaranteeing substantial visibility for your enterprise. The interior is completely new, featuring brand new flooring, high-quality Pella windows, and updated bathrooms, providing a turnkey operation ready for immediate occupancy. The property sits on a 0.42-acre lot and is conveniently located just a short distance from the Minerals & Crystal Springs Resort, offering additional access to a large pool of potential customers. Furniture and equipment are not included in the lease. The asking price is $2900.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 4,352 SF
Lot 0.42 ac (18,295 SF)
APN 22 00410-0000-00001
UPID US59-2253908
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
$1.00M
CAP Approach CAP
$665k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M
Owner & transaction history
Cedarbrook Investment LLC · 1 yrs held
Cedarbrook Investment LLC
since 2024
Last sale
$999,000
7 recorded transactions
2024
$999,000
2024
Price N/A
2023
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A
2021
$195,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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