2157 State Rte 31Glen Gardner, NJ 08826

  • Commercial real estate
  • 4.66 AC
Off market
$46,687,700 Estimated

Property Details for 2157 State Rte 31

Construction
FRAME
Lot size
4.66 AC
Zone code
C-1
Property type
Commercial real estate
APN
12 00009-0000-00007
APU
1200009000000007

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $57,149,300
    6.5%
    $52,753,200
    7%
    $48,985,100
  • Comparable approach

    Method
    Valuation
    Relative Method
    $26,701,000
    Geo Method
    $26,522,700
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $105,312,000
    Retail / Commercial
    $53,719,000
    Mixed-Use / Specialty
    $53,303,400
    Hospitality / Lodging
    $38,815,100
    Office
    $52,753,200
    Institutional / Educational
    $55,333,900
    Residential Income
    $64,740,700
    Multifamily
    $78,889,200
    Automotive / Energy
    $47,429,100
    Parking / Income-Based Land
    $16,588,700
    Restaurant / Food Service
    $27,245,100
    Healthcare / Senior Housing
    $54,891,500

Location Insight

City
Glen Gardner
County
Hunterdon
State
New Jersey
Latitude
40.6969
Longitude
-74.9438
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
$14,044
$198,900
$184,500
$383,400
-
$198,900
$184,500
$383,400

FAQs

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