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Property profile

616 1st Ave Roselle, NJ 07203

OFF-MARKET
Commercial real estate
Property ID
US59-1119031
View Sample
0.46 ac lot Built 1958
Entity Owned 9-yr Hold Free & Clear

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Construction CONCRETE BLOCKS
Lot 0.46 ac (19,998 SF)
Zoning code I
APN 14 06002-0000-00007
UPID US59-1119031

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
  • General Contractor Construction Company
  • General Contractor Construction Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2017
1 recorded transaction
2017
$995,000

Zoning & alternative use

I · Roselle, NJ
Zoning description

The purpose of the Industrial Zone is to provide for the expansion and development of light industrial land uses in the Borough of Roselle to provide for a compatible land use relationship; to restrict the emission of an…

General category INDUSTRIAL

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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