988 SpruceLawrence Township, NJ 08648

  • Industrial properties
  • 2,500 SF
Off market
$2,876,840 Estimated

Property Details for 988 Spruce

Year built
1947
Lot size
0.29 AC
Property size (Sq ft)
2,500 SF
Zone code
HC
Property type
Industrial properties
APN
07 00201-0000-00041
APU
700201000000041

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $922,240
    6.5%
    $851,299
    7%
    $790,492
  • Comparable approach

    Method
    Valuation
    Relative Method
    $522,640
    Geo Method
    $522,640
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $436,542
    Mixed-Use / Specialty
    $434,985
    Hospitality / Lodging
    $319,135
    Office
    $432,401
    Institutional / Educational
    $452,209
    Residential Income
    $529,085
    Multifamily
    $634,556
    Automotive / Energy
    $387,608
    Parking / Income-Based Land
    $133,759
    Restaurant / Food Service
    $226,239
    Healthcare / Senior Housing
    $446,069

Location Insight

City
Lawrence Township
County
Mercer
State
New Jersey
Latitude
40.2447
Longitude
-74.7524
CBSA code
45940
CBSA name
TRENTON-EWING, NJ 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
2023
$6,260
$72,500
$133,700
$206,200
-
$72,500
$133,700
$206,200

FAQs

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