Property profile

404 Route 31 Lambertville, NJ 08530

FOR LEASE
Commercial real estate
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Property ID
US59-1317547
3.23 ac
Last sale Aug 2024·$1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 4,000-square-foot industrial property is ideally situated at 404 Route 31, Unit 100, Ringoes, NJ. Boasting a highly visible location on Route 31, this versatile space offers significant potential for a variety of businesses. The open floor plan provides 12-15 foot ceiling heights, allowing for efficient use of space and potentially accommodating high-volume storage or equipment. Previously utilized as a showroom for a plumbing supply company, the property's adaptability…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value · 2024$1.15M
Assessed land$216k
Assessed improvement$937k
Effective rate2.18%

Value estimate

· Nov 2026
$1.10M
$990k – $1.21M
AI approach$1.10M
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$4k
Operating expenses−$24k
NOI$45k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$166/SF
County average, outlier-cleaned · 235 recorded sales of this use type
Observed band · Q1–Q3$103 – $262

Cap rate analysis

How does the asset earn?
$45k 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?
LHC
JurisdictionHUNTERDON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.3
Plumbing Service8.7
Auto Repair Shop8.2

Location

404 Route 31 Lambertville, NJ 08530
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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
28 John Ringo, Ringoes, NJ 08551-1051 $940,000 Jan 2024 5,878 SF
207 Everitts, Ringoes, NJ 08551-1610 $2,100,000 Jan 2024 No data
76 Us Hwy 202b, Ringoes, NJ 08551-1819 $1,650,000 Nov 2023 800 SF
18 Hwy 20231st N, Ringoes, NJ 08551 $600,000 Jul 2023 No data
373 Rte 31st N, Ringoes, NJ 08551-1406 $175,000 Feb 2023 1,728 SF
176 Us Hwy 202nd, Ringoes, NJ 08551-2020 $5,100,000 Jan 2023 1,516 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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