Technical
Financial
Distress signals
Property profile

96 River Rd East Hanover, NJ 07936

FOR LEASE
Other commercial real estate
Property ID
US59-1534983
582 SF 1.29 ac lot Built 1920
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a commercial garden-center–oriented site featuring a 3,618 sq. ft. interior area on a 14,080 sq. ft. lot, with frontage along a main road. The building footprint is approximately 75' x 160' and includes a storefront area of 32' x 24' with a private restroom, an enclosed interior area of 20' x 18', and a 30' x 82' greenhouse. Supporting site improvements include cooling and refrigeration units, an exterior storage shed, and paved parking for 11 vehicles. Vehicular access is provided via a shared right-of-way driveway that allows access to the back lot for other trucks, which must remain unobstructed. Permitted uses are agricultural-related and are limited to activities such as a garden center, florist, nursery, or farmers market, subject to town approval. The lease structure is configured for leasing the space only, excluding any contents; operational responsibilities described include upkeep related to snow removal for the leased parking areas and the approach to the leased doors, and tenant responsibility for utilities and liability insurance. The property restrictions include prohibitions on political signage and flags.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 582 SF
Lot 1.29 ac (56,131 SF)
APN 10 00096-0000-00039- 04
UPID US59-1534983

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
  • (Bike/Boat/Book/etc) Store
  • General Contractor Construction Company

Location

96 River Rd East Hanover, NJ 07936
East Hanover metro Census 41902 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
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

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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More about this property
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