Property profile

1432 State Rt 23 Butler, NJ 07405

FOR SALE
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Property ID
US59-1508526
544 SF 0.3 ac
Last sale Jul 2023
Trust Owned Owner of record is a trust. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a freestanding commercial storefront building located on State Route 23 in Butler Borough, with access from the highway and an adjoining side street at the corner. It features a vaulted ceiling in the main area, an unfinished basement with Bilco-style doors, and a tall vertical sign along Route 23. Interior features include updates such as replacement windows, flooring, lighting, and a hot water heater, and the basement doors are intended to be replaced. Utilities include…

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?
$5k
Tax billed · 2022
Assessed value · 2023$185k
Assessed land$37k
Assessed improvement$148k
Effective rate2.64%

Value estimate

· Nov 2026
$295k
$266k – $325k
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$658
Operating expenses−$3k
NOI$8k

Realmo valuation models over county records and 10 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 comparables10

Cap rate analysis

How does the asset earn?
$8k 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?
RC
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon14.5
Law Firm13.3
Parking Facility10.7

Location

1432 State Rt 23 Butler, NJ 07405
County assessor Recorded deeds · 1 transfer 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
170 Kinnelon, Kinnelon, NJ 07405-2347 $230,000 Sep 2025 370 SF
15 Kiel, Kinnelon, NJ 07405-2565 $100,000 Sep 2025 1,134 SF
19 Sleepy Holw, Butler, NJ 07405 $386,000 Feb 2025 1,260 SF
9 Main, Butler, NJ 07405-1005 $1,300,000 Dec 2024 1,664 SF
38 Lincoln, Butler, NJ 07405-1802 $800,000 Dec 2023 1,952 SF
1414 State Rt 23, Butler, NJ 07405 $1,840,000 Jun 2023 225 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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