Technical
Financial
Distress signals
Property profile

87 Forrest St Metuchen, NJ 08840

OFF-MARKET
Industrial properties
Property ID
US59-1319985
7,055 SF 0.14 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1975
Construction CONCRETE BLOCKS
Total area 7,055 SF
Lot 0.14 ac (6,000 SF)
Zoning code LI
APN 09 00044-0000-00053
UPID US59-1319985

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor

Location

87 Forrest St Metuchen, NJ 08840-1213
Metuchen metro Census 2000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$845k
Blend (final) Blend
$740k

Owner & transaction history

since 2022
Last sale
$700,000
5 recorded transactions
2022
$700,000
2018
$575,000
2013
$285,000
2008
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Metuchen, NJ
Zoning description

ted Business District. § 110-80 D-1 Downtown Development District. § 110-81 F-1 Franklin Development District. § 110-82 G-1 Gateway Development District. § 110-82.1 G-2 Gateway Development District - Northeast. § 110-83…

General category INDUSTRIAL

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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