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Property profile

12 Morris Farm Rd Lafayette, NJ 07848

OFF-MARKET
Commercial real estate
Property ID
US59-1898728
10,824 SF 2.4 ac lot
Individually Owned Owner of record is an individual. 26-yr Hold Held for 26 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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 · 2022

What does the county charge?
$20k
Tax billed · 2022
Assessed value · 2023$721k
Assessed land$292k
Assessed improvement$429k
Effective rate2.84%

Value estimate

· Oct 2026
$410k
$369k – $451k
Submarket $/SF estimate$877k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$140/SF
County average, outlier-cleaned · 272 recorded sales of this use type
Observed band · Q1–Q3$81 – $220
Qualifying comparables13

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?
B-1
JurisdictionSUSSEX

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 Supply9.7
Auto Repair Shop9.4
Electrical Service9.0

Location

12 Morris Farm Rd Lafayette, NJ 07848-4606
County assessor Recorded deeds · 2 transfers 13 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
23 Rte 15, Lafayette, NJ 07848 $1,250,000 May 2025 2,854 SF
1023 Limecrest, Lafayette, NJ 07848-3627 $1,100,000 Mar 2025 5,920 SF
109 Rte 15, Lafayette, NJ 07848-2409 $150,000 May 2023 6,476 SF
102 State Rte 15, Lafayette, NJ 07848-2407 $970,000 Jan 2023 4,888 SF
104 State Rte 15, Lafayette, NJ 07848-2407 $970,000 Jan 2023 2,577 SF
187 State Rte 94, Lafayette, NJ 07848-4614 $1,370,000 Jun 2019 7,670 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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