Property profile

63 Main St Lodi, NJ 07644

OFF-MARKET
Other commercial real estate
Property ID
US59-0437953
0.07 ac lot Built 1960
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a commercial building on a corner lot totaling 5,704 square feet (0.14 acres) and includes two established uses: a dry cleaner and a long-running auto shop that has operated for 59 years. The dry cleaner, established for 7 years, has undergone renovations including the installation of new cleaning machines, new tile flooring, interior painting, and a sealed roof in 2017; the air conditioning unit is approximately 10 years old. The building’s frontage and placement on a corner support visibility, with neighboring retail businesses located on the same side of the street. The premises have operated as income-producing commercial space, with both operations functioning within the property.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Construction CONCRETE BLOCKS
Lot 0.07 ac (3,123 SF)
APN 31 00036-0000-00010
UPID US59-0437953

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
  • (Bike/Boat/Book/etc) Store

Location

63 Main St Lodi, NJ 07644-2209
Lodi metro Census 30300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2016
4 recorded transactions
2016
$400,000
2015
$51,000
1969
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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