63 Commerce Rd Cedar Grove, NJ 07009
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Cedar Grove, NJM-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 are intended to minimize the effect of such sites being adjacent to residential areas and to minimize noise, glare, air pollution, water pollution and fire and safety hazards. The basic distinction between the M-1 and the M-2 Zones is that the M-2 Zones are composed of large areas of land where campus-style development is encouraged on lots larger than that required for the M-1 Zones. N. GF Government Facilities Zone (no minimum lot size). The GF Zone provides for uses pertinent to the various agencies of federal, state, county, and/or municipal government including facilities such as offices, libraries, United States Postal Service, utility installations, public works garages, and storage buildings. O. Multifamily Affordable Housing (MF-AH) Zone. [Added 9-17-2018 by Ord. No. 18-829 ] P. Multifamily Affordable Housing Inclusionary Overlay (MF-AH-IO) Zone. [Added 9-17-2018 by Ord. No. 18-830 ]
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.