Financial
Distress signals
Property profile

129 S Plainfield Ave 2 South Plainfield, NJ 07080

FOR SALE
Other commercial real estate
Property ID
US59-0116874
2,916 SF 0.28 ac lot Built 1992
Last sale Apr 2023 · $579,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a professionally finished, first-floor commercial space in South Plainfield. It was previously used as a chiropractic office and is configured for medical, wellness, office, or service-based uses. The unit includes two separate exterior entrances—one at the front and one at the rear—and the rear entrance provides accessibility via a ramp. Parking is available in a private lot located to the rear of the property.

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?
$11k
Tax billed · 2022
Assessed value · 2023$142k
Assessed land$66k
Assessed improvement$76k
Effective rate7.66%

Value estimate

· Sep 2026
$665k
$599k – $732k
AI approach$665k
CAP approach$390k
Sales comparison$419k
NOI build-up
Gross scheduled income$4k
Vacancy & credit loss−$221
Operating expenses−$1k
NOI · 143.79% cap applied$2k

Realmo valuation models over county records and 20 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 comparables20

Cap rate analysis

How does the asset earn?
143.79%
$2k 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?
HDD
HDD Historic Downtown District. § 540-52.1 HDD Affordable Housing Overlay District. § 540-53 RH Regional Hospitality District. Article VI...
General categoryCOMMERCIAL
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 agency13.0
Parking Facility11.9
Clothing Store10.6

Location

129 S Plainfield Ave, Unit 2 South Plainfield, NJ 07080
County assessor Recorded deeds · 7 transfers 20 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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