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Property profile & analytics
FOR SALE
Commercial real estate

729 Mountain Blvd Watchung, NJ 07069

5,592 SF 0.7 ac lot Built 1970
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-1979549
729 Mountain Blvd, Watchung, NJ 07069 For Sale
$449,000 5,592 SF
729 Mountain Blvd, Watchung, NJ 07069
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Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction FRAME
Total area 5,592 SF
Lot 0.7 ac (30,492 SF)
Zoning code B-B
APN 21 00102-0000-00005
UPID US59-1979549
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
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
$964k
Blend (final) Blend
$935k
Owner & transaction history
744 Mountain Boulevard LLC · 5 yrs held
744 Mountain Boulevard LLC
since 2021
Last sale
$900,000
2 recorded transactions
2021
$900,000
2006
$1
Zoning & alternative use
B-B · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

"B-B" PROFESSIONAL AND OFFICE. [ Ord. No. OR :09/01 § 28-407] A. Principal Permitted Uses on the Land and in Buildings. 1. Offices of professional occupations, including but not limited to, the offices of a physician, bookkeeper, surgeon, dentist, minister, architect, engineer, lawyer and accountant. 2. Photography studios. 3. Offices of an insurance agent,…

Zone name Professional Office
General category UNKNOWN
Zone area 40.11 ac
Top alternative use upside
Office building $1.2M +1.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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