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Property profile & analytics
OFF-MARKET Estimated value $2,400,000
Industrial properties

59 Vlg Park Rd Cedar Grove, NJ 07009-1212

0.86 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-0323070
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1950
Construction CONCRETE BLOCKS
Lot 0.86 ac (37,501 SF)
Zoning code M-1
APN 04 00291-0000-00059
UPID US59-0323070
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
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M
Owner & transaction history
59 Village Park Road LLC · 1 yrs held
59 Village Park Road LLC
since 2024
Last sale
$2.4M
5 recorded transactions
2024
$2.4M
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-1 · Cedar Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-1 and M-2 Office/Warehouse Zones. It is the intent of these zones to provide for light manufacturing and warehouse uses while at the same time permitting development of professional and/or business offices, whether as accessory or principal uses. District standards for the height and size of buildings and the area and dimensions of yards and open spaces ar…

Zone name Office And Warehouse District
General category INDUSTRIAL
Zone area 67.43 ac
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