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Property profile & analytics
OFF-MARKET Estimated value $1,625,000
Commercial real estate

676-680 Mtn Blvd 680 Watchung, NJ 07069-6243

7,670 SF 7 ac lot Built 2002
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US59-1369009
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2002
Construction FRAME
Total area 7,670 SF
Lot 7 ac (304,920 SF)
Zoning code R-R
APN 21 00301-0000-00030
UPID US59-1369009
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
$1.99M
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.63M
Owner & transaction history
680 Mountain Boulevard LLC · 14 yrs held
680 Mountain Boulevard LLC
since 2011
4 recorded transactions
2011
$26,164
1969
Price N/A
1969
Price N/A
1969
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
Industrial (general) $2.6M +64.8%
Office building $1.6M +1.0%
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