Financial
Distress signals
Property profile

1589 Reed Rd Pennington, NJ 08534

FOR LEASE
Commercial real estate
Property ID
US59-0444600
4.97 ac lot
Last sale Nov 1998 · $1,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. 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

This exceptional 3,200 square foot industrial warehouse space at 1589 Reed Road offers a fantastic opportunity for businesses seeking efficient and well-equipped facilities. The property features a two-story building with one suite totaling 3,200 square feet of vacant space, perfect for a single tenant. Access is convenient via a single 14' x 10' drive-in door. Inside, you'll find 18-foot high ceilings, providing ample vertical space for storage or operations. The warehouse and office areas

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.

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?
$57k
Tax billed · 2022
Assessed value · 2023$1.90M
Assessed land$750k
Assessed improvement$1.15M
Effective rate2.99%

Value estimate

· Sep 2026
$380k
$342k – $418k
AI approach$380k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 84,688.89% cap applied$15k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$111/SF
County average, outlier-cleaned · 839 recorded sales of this use type
Observed band · Q1–Q3$53 – $188

Cap rate analysis

How does the asset earn?
84,688.89%
$15k 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?
SI
JurisdictionMERCER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.5
Auto Parts Store9.9
Hair Salon9.5

Location

1589 Reed Rd Pennington, NJ 08534
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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
1595 Reed, Pennington, NJ 08534-5007 $4,750,000 Mar 2025 31,000 SF
2405 Pennington, Pennington, NJ 08534-5215 $340,000 Oct 2024 1,932 SF
8 Main, Pennington, NJ 08534-2218 $370,000 Oct 2024 1,656 SF
15-17 Main, Pennington, NJ 08534-2217 $410,000 Apr 2024 1,944 SF
1 Wash Cross Penn, Pennington, NJ 08534 $1,350,000 Apr 2024 10,828 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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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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