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    Property profile & analytics
    OFF-MARKET Estimated value $540,000
    Warehouses

    564 Frst St, Orange, NJ 07050-1330

    0.35 ac lot Built 1894
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US59-1847408
    Property summary
    AI-generated overview

    This exceptional industrial property presents a unique investment opportunity in the heart of Orange, NJ. The offering includes a potential bundle of two warehouses totaling approximately 40,440 square feet. The primary warehouse boasts 28,440 square feet across three stories, built in 1884, featuring 4 loading docks, high ceilings, and abundant natural light. The property sits on a 14,502.17 square foot lot. A second warehouse, totaling 12,400 square feet on two levels, is also available, situated on a separate 23,819 square foot lot and currently generating income from five tenants. This combined space offers versatile options, ideal for various uses including e-commerce fulfillment, distribution, creative agencies, or artisan workshops. The location is highly desirable, within walking distance of public transportation, major highways, and numerous amenities such as restaurants, cafes, and shops. The property is situated in an Urban Enterprise Zone (UEZ), offering potential tax advantages. Ample parking and outdoor storage areas are also available. The asking price for this unique opportunity is $6,500,000, with a price per square foot of $2,285.51. This is a rare chance to acquire a substantial industrial property in a thriving urban location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1894
    Construction BRICK
    Lot 0.35 ac (15,425 SF)
    APN 17 05004-0000-00025
    UPID US59-1847408
    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
    • Scheme Studio Recording Studio
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $540k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $540k
    Owner & transaction history
    564 Forest LLC · 8 yrs held
    564 Forest LLC
    since 2017
    4 recorded transactions
    2019
    2017
    $340,000
    2007
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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