Financial
Distress signals
Property profile

1216 New Market Ave South Plainfield, NJ 07080

OFF-MARKET
Commercial real estate
Property ID
US59-0075164
1,969 SF 0.33 ac lot Built 1953
Last sale Feb 2014 · $171,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional single-tenant commercial property at 1216 New Market Avenue presents a unique opportunity. The 1,969 square foot building sits on a 0.333-acre lot and is zoned M3, offering significant flexibility for a variety of business operations. The single-story structure boasts ample space for a range of uses, making it an ideal location for an established business seeking to expand or a new venture looking for a well-situated office. The property includes two convenient parking

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$8k
Tax billed · 2022
Assessed value · 2023$115k
Assessed land$38k
Assessed improvement$77k
Effective rate6.59%

Value estimate

· Sep 2026
$155k
$140k – $171k
AI approach$205k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$224/SF
County average, outlier-cleaned · 642 recorded sales of this use type
Observed band · Q1–Q3$144 – $339
Qualifying comparables22

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?
M3
JurisdictionMIDDLESEX

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 agency28.4
Dental Office25.2
Restaurant20.8

Location

1216 New Market Ave South Plainfield, NJ 07080-2037
County assessor Recorded deeds · 6 transfers 22 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
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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