Property profile

955 Burnt Mdw Rd Hewitt, NJ 07421

OFF-MARKET
Commercial real estate
Property ID
US59-0417960
3.5 ac lot
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property in Hewitt, New Jersey, presents a unique investment opportunity. Boasting a substantial 11,500 square feet of warehouse space, this property sits on a generous 3.5-acre lot. The warehouse itself features impressive ceiling heights, reaching 30 feet at the high point and 20 feet at the low point, providing ample vertical storage capacity. Three large roll-up doors accommodate easy access for 18-wheelers, ensuring efficient loading and unloading operations. The property also includes three well-appointed offices and one and a half bathrooms, offering comfortable workspace for administrative staff. The property's zoning is designated for industrial use, a highly desirable and rare characteristic in this area. The current tenant, A&A Ironworks, has a long-standing history of 41 years in operation and their business is available for separate purchase, presenting an additional avenue for potential income or continued operation. This property is ideally suited for a wide range of industrial businesses seeking a spacious, well-equipped, and strategically located facility. The combination of size, accessibility, and zoning makes this a truly exceptional offering.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.5 ac (152,460 SF)
APN 15 03906-0000-00008
UPID US59-0417960

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
  • Factory Production Facility

Location

955 Burnt Mdw Rd Hewitt, NJ 07421-3503
Hewitt metro Census 256802 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
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2009
5 recorded transactions
2022
Price N/A
2009
$999,999
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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