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Property profile

1220 State Rt 23 Butler, NJ 07405

OFF-MARKET
Other commercial real estate
Property ID
US59-1573007
10,984 SF 2.07 ac lot
Last sale May 2026 · $2,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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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Property summary

AI-generated overview

A dedicated retail storefront unit with an interior layout designed for retail use and including a private lavatory. The unit is served by its own HVAC system and a separate hot water heater, providing independent climate control and hot water service. A parking lot is provided for customer and staff use. The property is located along a major highway at a signalized intersection with traffic signal-controlled movements and nearby jughandle access, and it supports roadway-facing exposure;…

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?
$43k
Tax billed · 2023
Assessed value · 2024$1.67M
Assessed land$1.26M
Assessed improvement$414k
Effective rate2.58%

Value estimate

· Nov 2026
$1.56M
$1.40M – $1.72M
CAP approach$1.24M
Submarket $/SF estimate$1.87M

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

Recently sold

What actually traded nearby?
$209/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$137 – $298
Qualifying comparables6

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?
HC
This districts is designed to permit retail uses and commercial services which are appropriate to a high-traffic artery, such as Route 23...
General categoryCOMMERCIAL
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 agency19.6
Law Firm15.3
Skin Care Clinic12.8

Location

1220 State Rt 23 Butler, NJ 07405
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
49 Lincoln, Butler, NJ 07405-1826 $750,000 Sep 2025 5,760 SF
1544-1546 Rte 23, Butler, NJ 07405 $1,550,000 May 2025 4,242 SF
69 Main, Butler, NJ 07405-1005 $1,300,000 Dec 2024 7,023 SF
126 Main, Butler, NJ 07405-1026 $440,000 Mar 2024 3,984 SF
9 Kiel, Butler, NJ 07405-1387 $805,000 May 2023 4,418 SF
210 Main, Butler, NJ 07405-1059 $435,000 Mar 2023 3,625 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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