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Property profile

1575 State Rt 23 Butler, NJ 07405

OFF-MARKET
Other commercial real estate
Property ID
US59-1954513
7,034 SF 0.55 ac lot
Last sale Jul 2026 · $935,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 7,000-square-foot building constructed in 1969 and renovated in 1990, with 3,600 square feet of office space and 1,500 square feet of retail space. It includes 25 parking spaces and three garages equipped with drive-in doors, providing vehicle access and enclosed storage. The building is situated on Route 23 in a high-traffic area and is associated with a documented traffic volume of 44,845 vehicles per day. Zoning is R7.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$24k
Tax billed · 2022
Assessed value · 2023$897k
Assessed land$454k
Assessed improvement$443k
Effective rate2.64%

Value estimate

· Oct 2026
$910k
$819k – $1.00M
CAP approach$795k
Submarket $/SF estimate$1.00M

Realmo valuation models over county records and 62 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 comparables62

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?
R-7
To provide an area for high density multiple family units. This is located adjacent to the highway commercial district, thereby providing...
General categoryCOMMERCIAL
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 Salon11.4
Parking Facility10.1
Law Firm9.7

Location

1575 State Rt 23 Butler, NJ 07405-1832
County assessor Recorded deeds · 2 transfers 62 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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