Property profile

105 Filmore St Phillipsburg, NJ 08865

OFF-MARKET
Other commercial real estate
Property ID
US59-2201663
0.08 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A mixed-use property with approximately 3,560 sq ft of usable space on a 0.08-acre lot, featuring a second-floor apartment and ground-level commercial space. The residential unit is configured as a 4-bedroom, 2-bath apartment, served by its own heating system with a boiler. The ground-level commercial area was previously used as a deli and is laid out as retail/food-service space with provisions suitable for uses such as a convenience store, restaurant, or laundromat; it is served by separate HVAC equipment including two furnaces/AC units. The property includes multiple storage areas, including a basement, a backroom, and underground exterior storage. Exterior and utility improvements include new flooring and a brand-new 200-amp electrical service for the commercial unit. The building is situated directly across from Town Hall, providing street-level access and visibility.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Lot 0.08 ac (3,441 SF)
Zoning code R-50
APN 19 00813-0000-00065
UPID US59-2201663

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
  • Consultant

Location

105 Filmore St Phillipsburg, NJ 08865-2420
Phillipsburg metro Census 30700 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2022
Last sale
$175,000
7 recorded transactions
2022
$175,000
2021
Price N/A
2021
Price N/A
2020
Price N/A
2011
Price N/A
2007
$215,000
2001
$130,000

Zoning & alternative use

R-50 · Phillipsburg, NJ
Zoning description

Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zon…

General category RESIDENTIAL

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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