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Property profile & analytics
OFF-MARKET Estimated value $350,000
Commercial real estate

794 Franklin Ave Franklin Lakes, NJ 07417-1397

2.98 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-2575546
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.98 ac (129,939 SF)
Zoning code RB
APN 20 01418-0000-00001- 01
UPID US59-2575546
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
Current use
Occupant on record · Public records
  • Mr. Thomas Lopresti Physician
  • Dr. Patrick Higgins Ophthalmologist
  • Sejal Patel Ophthalmologist
  • Dr. Scott Pomerantz Ophthalmologist
  • Dr. Adrian Jachens Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k
Owner & transaction history
Franklin Lks Towne Square LLC · 6 yrs held
Franklin Lks Towne Square LLC
since 2019
3 recorded transactions
2019
Price N/A
2017
Price N/A
2015
$2.0M
Zoning & alternative use
RB · Franklin Lakes, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RB-2 Retail Business 2 District. [Added 4-5-2016 by Ord. No. 1668 ] A. The purpose of the RB-2 District is to encourage the development and redevelopment of a compatible mixture of land uses that will complement the RB-1 District with special consideration of the locational significance of properties located at the intersection of Franklin Avenue and Colonia…

Zone name Retail Business District
General category COMMERCIAL
Zone area 48.52 ac
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