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76 Franklin Ave Rockaway, NJ 07866-3406

OFF-MARKET Commercial real estate Google Maps
0.69 ac lot Built 1910
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US59-0925614

Property summary

AI-generated overview

This newly constructed 2024 building at 76 Franklin Avenue in Rockaway, New Jersey, offers a unique opportunity for businesses seeking versatile office space. The property features three distinct units, ranging in size from approximately 860 square feet to 3,700 square feet, currently offering 3,700 square feet of vacant space. The building is categorized as Retail, Office, and Special Purpose, accommodating a variety of uses including Creative Office, Traditional Office, Coworking, Executive Office, and Medical Office spaces. The multiple tenancy structure provides flexibility for businesses of different sizes and needs. Ample parking is available on-site, providing convenient access for employees and clients. Its strategic location in Rockaway Borough ensures easy access to major highways, enhancing connectivity and accessibility for commuters. The building's modern design and versatile layout make it an ideal choice for businesses seeking a functional and contemporary workspace in a thriving New Jersey community. The zip code is 07866.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Construction METAL FRAME
Lot 0.69 ac (29,956 SF)
Zoning code R-3
APN 34 00038-0000-00138
UPID US59-0925614

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2017
1 recorded transaction
2017
$230,000

Zoning & alternative use

R-3 · Rockaway, NJ
Zoning description

ess. Each use shall have direct access to an arterial or collector street. C. Public utility facilities as defined in § 169-4 , shall be permitted as conditional uses in all zone districts except for the R-1A, R-1, R-2,…

General category RESIDENTIAL

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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