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Property profile & analytics
OFF-MARKET Estimated value $3,115,000
Office buildings

81 Northfield Ave West Orange, NJ 07052-5342

21,600 SF 1.99 ac lot Built 1981
Entity Owned 14-yr Hold Free & Clear
Property ID
US59-1856690
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 21,600 SF
Lot 1.99 ac (86,597 SF)
Zoning code OB-1
APN 22 00071- 01-00043
UPID US59-1856690
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.29M
Blend (final) Blend
$3.12M
Owner & transaction history
Northfield Avenue Realty Assoc · 14 yrs held
Northfield Avenue Realty Assoc
since 2011
2 recorded transactions
2019
Price N/A
2011
$40,000
Zoning & alternative use
OB-1 · West Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Check Cashing Facility. Check cashing facilities shall be permitted in the OB-1 Central Business District Overlay Zone as a conditional use but only after the following requirements are satisfied: Off-street parking spaces with a ratio of one space for every 20 square feet, and a minimum of 25 off-street parking spaces must be provided with a fifteen-minute…

Zone name Office Building
General category COMMERCIAL
Zone area 102.67 ac
Top alternative use upside
Industrial (general) $4.9M +7.6%
Commercial (general) $4.8M +6.0%
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