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Property profile & analytics
OFF-MARKET Estimated value $9,460,000
Commercial real estate

540 Passaic Ave West Caldwell, NJ 07006-7449

49,428 SF 5.02 ac lot Built 1967
Entity Owned 8-yr Hold Free & Clear
Property ID
US59-1914949
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Construction CONCRETE BLOCKS
Total area 49,428 SF
Lot 5.02 ac (218,671 SF)
Zoning code B-3
APN 21 02101-0000-00007
UPID US59-1914949
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
Current use
Occupant on record · Public records
  • ShopRite Pharmacy of West Caldwell Pharmacy
  • ShopRite of West Caldwell Grocery & Convenience Store Food Market
  • Scott Maran Pharmacy
  • Johanna Ruth Pharmacy
  • Shoprite Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.50M
Comparable Approach Comparable
$8.73M
Blend (final) Blend
$9.46M
Owner & transaction history
Claremont Supermarket Ptrs LLC · 8 yrs held
Claremont Supermarket Ptrs LLC
since 2017
2 recorded transactions
2017
Price N/A
2004
$100
Zoning & alternative use
B-3 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-3 and OS Districts, regulated so as to encourage the effective, efficient and unobtrusive provision of telecommunications services to the community, while minimizing visual and other adverse impacts of such uses and protecting public health, welfare and safety. a. Any such antenna shall conform with all provisions of Subsection 20-17.21 , except when any s…

Zone name General Business
General category INDUSTRIAL
Zone area 98.81 ac
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