Property profile

1224 State Rt 23 Butler, NJ 07405

OFF-MARKET
Industrial properties
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Property ID
US59-1666975
3,876 SF 0.71 ac Built 1962
Last sale Aug 2022·$7,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$39k
Tax billed · 2022
Assessed value · 2023$1.55M
Assessed land$787k
Assessed improvement$767k
Effective rate2.48%

Value estimate

· Nov 2026
$8.47M
$7.62M – $9.31M
AI approach$8.26M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
County average, outlier-cleaned · 85 recorded sales of this use type
Observed band · Q1–Q3$134 – $250
Qualifying comparables10

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 agency31.7
Law Firm18.2
Hair Salon16.7

Location

1224 State Rt 23 Butler, NJ 07405-2035
County assessor Recorded deeds · 6 transfers 10 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

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
309 Hamburg, Butler, NJ 07405-1544 $935,000 Aug 2023 9,600 SF
6 Carey, Kinnelon, NJ 07405-1408 $450,000 Sep 2021 2,864 SF
10 Park, Butler, NJ 07405-1371 $11,000,000 Jan 2019 103,603 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

Ask Rey → ChatGPT Grok Claude
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