Financial
Distress signals
Property profile

414 State Rt 23 Franklin, NJ 07416

FOR SALE
Other commercial real estate
Property ID
US59-2302194
3,104 SF 0.26 ac lot Built 1949
Last sale Dec 2021 · $215,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a storefront building constructed in 1949, located at 414 State Rt 23 #414 in Franklin Borough, New Jersey. It has a highway commercial setting and is identified as HC-1 zoned, aligning with its existing storefront configuration. Capital improvements associated with a renovation include newer HVAC systems and a newer roof.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2023$404k
Assessed land$197k
Assessed improvement$208k
Effective rate3.86%

Value estimate

· Sep 2026
$120k
$108k – $132k
AI approach$170k
NOI build-up
Gross scheduled income$67k
Vacancy & credit loss−$4k
Operating expenses−$19k
NOI · 6.56% cap applied$44k

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$132/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$40 – $274
Qualifying comparables25

Cap rate analysis

How does the asset earn?
6.56%
$44k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HC-1
The intent of this zone is to promote Highway Commercial uses
General categoryCOMMERCIAL
JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.4
Dental Office12.1
Law Firm11.6

Location

414 State Rt 23 Franklin, NJ 07416
County assessor Recorded deeds · 5 transfers 25 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
175 Main, Franklin, NJ 07416-1564 $550,000 Dec 2024 2,008 SF
3020 State Rt 23, Franklin, NJ 07416-2019 $600,000 Sep 2024 1,972 SF
104 Main, Franklin, NJ 07416-1575 $120,000 Nov 2023 4,500 SF
155 Main, Franklin, NJ 07416-1542 $440,000 May 2023 2,013 SF
384 Rutherford, Franklin, NJ 07416-1587 $150,000 Mar 2022 5,064 SF
111 Main, Franklin, NJ 07416-1517 $355,000 Mar 2022 4,284 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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