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    1575 State Rt 23 Butler, NJ 07405

    For Sale
    Contact for pricing

    7,000 SF building with office and retail space.

    Property size:
    7,000 SF
    Lot size:
    0.55 Acres

    Property Features for 1575 State Rt 23

    General Information

    Size
    7,000 SF
    Lot size
    0.55 Acres

    Source: CBRE | Florham Park Agent Marta Villa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    7,000 SF Mixed-Use Building

    This 7,000 SF building features 3,600 SF of office space and 1,500 SF of retail space. Constructed in 1969 and renovated in 1990, the property includes 25 parking spaces and three garages with drive-in doors. It is located in a high-traffic area on Route 23, with a traffic volume of 44,845 vehicles per day. The property is zoned R7 and has taxes of $3.40/SF, presenting a business opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Morris
    State
    New Jersey
    Longitude
    -74.36024
    Latitude
    41.00698

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    FAQs

    What type of property is this?
    Retail space - 7,000 SF building with office and retail space.
    Where is this retail space located?
    The property is located at 1575 State Rt 23 Butler, NJ.
    What are key features of this property?
    This property features: - High-traffic location with 44,845 VPD on Route 23; - **7,000 SF building with 3,600 SF of office and 1,500 SF of retail space**; - 25 parking spaces
    (973) 715-8385
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    1575 State Rt 23 Butler, NJ 07405
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    Butler, NJ 07405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1575 State Rt 23 Butler, NJ 07405
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