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Property profile & analytics
OFF-MARKET Estimated value $685,000
Commercial real estate

76 Marion Ave New Providence, NJ 07974-1908

0.23 ac lot Built 1940
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-1131224
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction FRAME
Lot 0.23 ac (10,019 SF)
Zoning code R-3
APN 11 00236-0000-00005
UPID US59-1131224
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
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$685k
Owner & transaction history
Vdre I LLC · 6 yrs held
Vdre I LLC
since 2020
Last sale
$550,000
4 recorded transactions
2020
$550,000
2011
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-3 · New Providence, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R3 Two-Family Residential District. Purpose. The R3 Two-Family Residential District permits the established pattern of development, which consists of a combination of single- and two-family homes surrounding the Borough's South Street corridor. The district acts as a transition area between the single-family districts and the commercial and mixed-use zones.…

Zone name Two Family Residential
General category RESIDENTIAL
Zone area 62.39 ac
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