2850 State Rt 23Newfoundland, NJ 07435

  • Commercial real estate
  • 4,530 SF
Off market
$429,700 Estimated

Property Details for 2850 State Rt 23

Year built
1998
Lot size
0.22 AC
Property size (Sq ft)
4,530 SF
Property type
Commercial real estate
APN
15 15508-0000-00011
APU
1515508000000011

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $937,367
    6.5%
    $865,262
    7%
    $803,458
  • Comparable approach

    Method
    Valuation
    Relative Method
    $592,697
    Geo Method
    $591,890
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,708,230
    Retail / Commercial
    $875,046
    Mixed-Use / Specialty
    $871,197
    Hospitality / Lodging
    $638,220
    Office
    $865,262
    Institutional / Educational
    $905,434
    Residential Income
    $1,059,360
    Multifamily
    $1,274,580
    Automotive / Energy
    $776,086
    Parking / Income-Based Land
    $268,538
    Restaurant / Food Service
    $451,560
    Healthcare / Senior Housing
    $894,144

Location Insight

City
Newfoundland
County
Passaic
State
New Jersey
Latitude
41.0534
Longitude
-74.445
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$17,141
$50,900
$378,800
$429,700
-
$50,900
$378,800
$429,700

FAQs

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