Financial
Distress signals
Property profile

118 Columbia Tpke Florham Park, NJ 07932

OFF-MARKET
Other commercial real estate
Property ID
US59-3097989
910 SF 0.19 ac lot Built 1967
Last sale Feb 2024 · $625,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A free-standing commercial building of approximately 910 square feet, previously used as a foot clinic, configured for medical or professional office use. The property is located near Routes 24, 287, and 280 and is arranged with two exam rooms, a waiting area with an included bathroom, an enclosed reception area, lab space with a small kitchen setup, and a private office with its own bathroom. Site features include a circular driveway, on-site private parking, and prominent signage for

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 · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$326k
Assessed land$273k
Assessed improvement$53k
Effective rate1.60%

Value estimate

· Sep 2026
$625k
$563k – $688k
AI approach$625k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$243/SF
County average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$146 – $363
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-15
The purpose of this zone is to promote single family residences.
General categoryRESIDENTIAL
JurisdictionMORRIS

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 agency13.8
Hair Salon13.6
Parking Facility12.0

Location

118 Columbia Tpke Florham Park, NJ 07932-2106
County assessor Recorded deeds · 4 transfers 7 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
128 Columbia, Florham Park, NJ 07932-2283 $7,800,000 Feb 2025 1,600 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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