Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1638 State Rte 31 Clinton, NJ 08809-2004
    Property profile & analytics

    1638 State Rte 31, Clinton, NJ 08809-2004

    View on Map
    • Hotels
    • 10.18 lot acres
    Off-Market
    Property ID
    US59-2469286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 1638 State Rte 31

    Lot size
    10.18 lot acres
    Zone code
    OB-4
    Property type
    Hotels
    APN
    05 00017- 01-00002- 03
    APU
    500017010000203

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 10, 2019 — Ansuya Riverbend LLC — Deed · related —
    Aug 10, 2018 — Ansuya Riverbend LLC — Grant Deed · related $9.2M · Bcb Cmnty Bk
    — — Ansuya Riverbend LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.9067
    Latitude
    40.6441
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $176,958
    $1,123,300
    $5,526,700
    $6,650,000
    -
    $1,123,300
    $5,526,700
    $6,650,000

    Comparable in this City

    • Value Estimation
      $570,000
      5.24 Acres

      16 Frontage Rd

      HOTEL
      16 Frontage Rd, Clinton, NJ 08809-1270
      View Details
    • Value Estimation by Request
      6.02 Acres

      160 Ctr St

      COMMERCIAL (GENERAL)
      160 Ctr St, Clinton, NJ 08809-1363
      View Details
    • Value Estimation by Request

      49 Main St, Unit 51

      CONDOMINIUM OFFICES
      49 Main St, Clinton, NJ 08809-1313
      View Details
    • Value Estimation by Request
      1.88 Acres

      55 Old Hwy 22

      COMMERCIAL (GENERAL)
      55 Old Hwy 22, Clinton, NJ 08809-1405
      View Details
    • Value Estimation
      $1,280,000
      5,333 SF

      189 Ctr St

      COMMERCIAL (GENERAL)
      189 Ctr St, Clinton, NJ 08809-1383
      View Details
    • Value Estimation
      $1,050,000
      0.23 Acres

      21-23 Leigh St, Unit 23

      COMMERCIAL (GENERAL)
      21-23 Leigh St, Clinton, NJ 08809-1414
      View Details

    Similar Nearby for Sale

    • $428,000

      Modernized Building Near Historic Main

      Charming, modernized 2-story building with flexible potential uses.
      35 Leigh St, Clinton, NJ 08809
      View Details
    • $499,000
      2,960 SF

      Downtown Office Building For Sale

      Office building with potential for residential conversion.
      29 Center St, Clinton, NJ 08809
      View Details
    • Contact for pricing
      9,696 SF

      Clinton Restaurant NNN Lease Opportunity

      Long-term NNN lease restaurant property in Clinton, NJ for sale.
      14 Frontage Rd, Clinton, NJ 08809
      View Details
    • Contact for pricing

      Highway Retail Center For Sale

      15,250 SF retail center on 3.17 acres.
      1802 Rte 31 North, Clinton, NJ 08809
      View Details
    • New
      Contact for pricing
      4,400 SF

      Freestanding Professional Office Building

      Fully renovated office building with multiple private offices, conference room, and ample parking for professional teams.
      97 Grayrock Rd, Clinton, NJ 08809
      View Details
    • $725,000
      2,728 SF

      Downtown Clinton Commercial Gem

      Versatile space, prime location, high visibility.
      43 Main St, Clinton, NJ 08809
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Professional Office Suite For Rent

      Professional office suite with parking near Route 78.
      107 W Main St, Clinton, NJ 08809
      View Details
    • Contact for pricing

      Storefront in Historic Clinton District

      Versatile storefront in Clinton's historic district with high traffic.
      21 Leigh St, Clinton, NJ 08809
      View Details
    • $1,801 /Mo

      Professional Office Suite Near Clinton

      Bright office suite with parking, near Clinton and I-78.
      107 W Main St, Clinton, NJ 08809
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Clinton Plaza

      Retail space available in a busy shopping center.
      1-67 Wal-Mart Plz, Clinton, NJ 08809
      View Details
    • $1,250 /Mo

      Downtown Clinton Retail/Office Space

      Recently renovated retail or office space in downtown Clinton.
      19 Old Highway 22, Clinton, NJ 08809
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1638 State Rte 31
    Clinton, NJ 08809-2004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1638 State Rte 31, Clinton, NJ, 08809
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!