Technical
Financial
Distress signals
Property profile

89 Franklin Ave Nutley, NJ 07110

OFF-MARKET
Commercial real estate
Property ID
US59-0110415
0.07 ac lot Built 1930
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Lot 0.07 ac (2,901 SF)
Zoning code B-2
APN 16 09000-0000-00051
UPID US59-0110415

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
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency

Location

89 Franklin Ave Nutley, NJ 07110-3234
Nutley metro Census 13900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2006
1 recorded transaction
2006
$425,000

Zoning & alternative use

B-2 · Nutley, NJ
Zoning description

Permitted uses in B-2 Zoning District. The following uses are permitted in the B-2 Zoning District: A. Neighborhood retail stores and personal and household service establishments, as defined in Article III . No loading…

General category COMMERCIAL

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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