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    Property profile & analytics

    705 Central Ave Ste, Unit 2 New Providence, NJ 07974-1151

    • Industrial properties
    • 15,687 SF
    • 2.29 lot acres
    OFF-MARKET
    Value Estimation
    $675,000
    Location Intelligence
    Property ID
    US59-2752297
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 705 Central Ave Ste

    Year built
    1965
    Construction
    BRICK
    Lot size
    2.29 lot acres
    Property size
    15,687 SF
    Property type
    Industrial properties
    APN
    11 00185-0000-00023- 02
    APU
    110018500000002302

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $720,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $855,000
      Geo Method
      $745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $745,000
      Retail
      $755,000
      Mixed-Use
      $785,000
      Hospitality
      $930,000
      Educational
      $725,000
      Residential Income
      $735,000
      Energy
      $825,000
      Income-Based Land
      $875,000
      Food Service
      $800,000

    Location Insight

    • Map
    • Local Demand
    City
    New Providence
    County
    Union
    State
    New Jersey
    Longitude
    -74.4115
    Latitude
    40.6984
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,797
    $250,000
    $425,000
    $675,000
    -
    $250,000
    $425,000
    $675,000

    Comparable in this City

    • Value Estimation by Request
      27.24 Acres

      111 Spg St

      INDUSTRIAL (GENERAL) • 27.24 Acres
      111 Spg St, New Providence, NJ 07974-1146
      View Details
    • Value Estimation by Request
      72,700 SF

      675 Central Ave

      INDUSTRIAL (GENERAL) • 72,700 SF
      675 Central Ave, New Providence, NJ 07974-1583
      View Details
    • Value Estimation by Request
      47,404 SF

      691 Central Ave

      INDUSTRIAL (GENERAL) • 47,404 SF
      691 Central Ave, New Providence, NJ 07974-1560
      View Details
    • Value Estimation
      $875,000
      29,940 SF

      165 Spg St

      INDUSTRIAL (GENERAL) • 29,940 SF
      165 Spg St, New Providence, NJ 07974-1146
      View Details
    • Value Estimation
      $370,000
      0.46 Acres

      1789 Springfield Ave

      INDUSTRIAL (GENERAL) • 0.46 Acres
      1789 Springfield Ave, New Providence, NJ 07974-1044
      View Details
    • Value Estimation by Request
      4.02 Acres

      755 Central Ave, Unit 1

      INDUSTRIAL (GENERAL) • 4.02 Acres
      755 Central Ave, New Providence, NJ 07974-1116
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      38,843 SF

      Warehouse Space Available For Lease

      38,843 SF warehouse space available for lease.
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    • $25 SF/Yr
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      Professional/Medical Suites for Lease

      Professional/Medical suites for lease in downtown New Providence.
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    • Contact for pricing
      17,138 SF

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      View Details
    • $24 SF/Yr
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      View Details
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    705 Central Ave Ste, Unit 2
    New Providence, NJ 07974-1151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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