Financial
Distress signals
Property profile

347 E Main St Rockaway, NJ 07866

FOR SALE
Other commercial real estate
Property ID
US59-0556033
1,931 SF 0.28 ac lot Built 1900
Last sale Feb 2024 · $475,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial storefront space located in Rockaway Boro, New Jersey, positioned along Route 46 for high roadway visibility. It includes approximately 650 square feet of interior space, with a large front window and laminate flooring. The interior amenities include a bathroom, and the property includes a freestanding sign. Off-street parking is provided in a shared lot. The zoning designation is Light Ind., and the lot size is approximately 0.2 acres.

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?
$10k
Tax billed · 2022
Assessed value · 2023$301k
Assessed land$190k
Assessed improvement$112k
Effective rate3.23%

Value estimate

· Sep 2026
$475k
$428k – $523k
AI approach$475k
NOI build-up
Gross scheduled income$14k
Vacancy & credit loss−$786
Operating expenses−$4k
NOI · 530.17% cap applied$9k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
ZIP average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$110 – $309
Qualifying comparables6

Cap rate analysis

How does the asset earn?
530.17%
$9k 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?
GLI
Corner lots in the GLI General Light Industrial District shall meet one-half the front yard setback requirement or 12.5 feet on the side ...
General categoryINDUSTRIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.6
Clothing Store9.3
Locksmith9.1

Location

347 E Main St Rockaway, NJ 07866
County assessor Recorded deeds · 2 transfers 6 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
296 Us Hwy 46, Rockaway, NJ 07866-3852 $1,350,000 Jan 2025 1,782 SF
99 Us Hwy 46, Rockaway, NJ 07866-4017 $52,000 Jan 2025 2,064 SF
91 Cobb, Rockaway, NJ 07866-3120 $194,000 Dec 2024 1,479 SF
387 Us Hwy 46, Rockaway, NJ 07866-3806 $925,000 Aug 2024 1,526 SF
77 Main, Rockaway, NJ 07866-3403 $475,000 Jun 2024 1,653 SF
8 Ml, Rockaway, NJ 07866-3509 $450,000 Mar 2024 1,455 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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