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533 Grn Pond Rd Rockaway, NJ 07866-4249

OFF-MARKET Commercial real estate Google Maps
3,036 SF 0.29 ac lot Built 1920
Individually Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$165k
Range $149k – $182k (±10%)
Property ID US59-2099200

Property summary

AI-generated overview

This exceptional commercial property, located at 533 GREEN POND RD, Rockaway, NJ, presents a remarkable investment opportunity. Boasting approximately 2,000 square feet of space on a 0.29-acre lot, this versatile building offers a multitude of potential uses. Previously operating as the Telemark Tavern, the property retains many of its original features, including a full bar, a stage ideal for live events, and a walk-in refrigerator – perfect for a restaurant or similar establishment. The building also features an upstairs office area, adding to its functional versatility. Hardwood floors throughout add a touch of character and charm. The property's prime location provides excellent visibility and accessibility, further enhanced by its stunning lake view. This is an exceptional opportunity for an owner-user or investor seeking a high-potential commercial space in a desirable location. The asking price is $1,850,000. The property's size and features make it suitable for a wide range of commercial ventures, including restaurants, retail businesses, or office spaces. The existing infrastructure significantly reduces the cost and time associated with renovations or build-outs. Don't miss this chance to acquire a unique and well-positioned commercial property in Rockaway, NJ.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction FRAME
Total area 3,036 SF
Lot 0.29 ac (12,807 SF)
Zoning code B-1
APN 35 30301-0000-00011
UPID US59-2099200

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
  • Take-out & Catering Catering Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2022
Last sale
$145,000
4 recorded transactions
2022
$5,876
2022
$145,000
2019
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Rockaway, NJ

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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