Property profile

404 Rte 31st N Ringoes, NJ 08551

OFF-MARKET
Commercial real estate
Property ID
US59-1317547
3.23 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,000-square-foot industrial property is ideally situated at 404 Route 31, Unit 100, Ringoes, NJ. Boasting a highly visible location on Route 31, this versatile space offers significant potential for a variety of businesses. The open floor plan provides 12-15 foot ceiling heights, allowing for efficient use of space and potentially accommodating high-volume storage or equipment. Previously utilized as a showroom for a plumbing supply company, the property's adaptability makes it suitable for a wide range of uses, from warehousing and distribution to retail operations. The property includes central air conditioning and heating throughout the entire 4,000 square feet, ensuring year-round comfort and operational efficiency. Convenient access to major transportation arteries is a key advantage, with easy connectivity to Route 202 and Interstate 95 via Route 31, facilitating seamless logistics and commutes. The property sits on a sizable 3.23-acre lot, offering ample space for parking, loading, and potential future expansion. This prime location and flexible space present a unique opportunity for businesses seeking a strategic foothold in the Ringoes market. Inquire today to explore the possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.23 ac (140,699 SF)
Zoning code LHC
APN 26 00023-0000-00004
UPID US59-1317547

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

404 Rte 31st N Ringoes, NJ 08551-1407
Ringoes metro Census 11800 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
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.1M
2 recorded transactions
2024
$1.1M
2005
Price N/A

Zoning & alternative use

LHC · Ringoes, NJ

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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