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Property profile

564 Frst St Orange, NJ 07050

OFF-MARKET
Warehouses
Property ID
US59-1847408
View Sample
0.35 ac lot Built 1894
Entity Owned 8-yr Hold Absentee Owner Free & Clear

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

Current use

Occupant on record · Public records
  • 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

since 2017
4 recorded transactions
2019
Price N/A
2017
$340,000
2007
Price N/A
1969
Price N/A

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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