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Property profile & analytics
OFF-MARKET Estimated value $715,000
Commercial real estate

659 Mtn Blvd Watchung, NJ 07069-6230

4,678 SF 0.47 ac lot Built 1950
Individually Owned 11-yr Hold Free & Clear
Property ID
US59-1487733
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction FRAME
Total area 4,678 SF
Lot 0.47 ac (20,473 SF)
Zoning code R-R
APN 21 00401-0000-00010
UPID US59-1487733
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$864k
Blend (final) Blend
$715k
Owner & transaction history
William G Schaefer · 11 yrs held
William G Schaefer
since 2015
2 recorded transactions
2015
Price N/A
2009
Price N/A
Zoning & alternative use
R-R · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Adjacent vacant land in the R-R Rural Single-Family Residential Zoning District which is under the same ownership as the land within the H-D Highway Development Zoning District proposed for the regional retail shopping complex may be consolidated with the lands in the H-D Zoning District for the purposes of floor area ratio and lot coverage calculations only…

Zone name Rural Single Family Residential
General category CIVIC_INSTITUTIONAL
Zone area 2,902.61 ac
Top alternative use upside
Office building $965,000 +1.0%
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