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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Industrial properties
170 Main St Wharton, NJ 07885-1609
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1752446
Property summary
AI-generated overview
This exceptional 2.95-acre site in Wharton, NJ, presents a prime development opportunity. Located at 170 N Main St, this property boasts fully approved zoning (Planned Industrial (I-1) Main Street District Overlay (170 N.)) for a 75-unit mixed-use building, encompassing approximately 103,000 square feet. The approved plans include roughly 9,200 square feet of retail space, catering to a diverse range of needs. Its strategic location just off Christopher Columbus Highway offers stunning waterfront views of Washington Pond, enhancing its appeal. The property benefits from its proximity to major national retailers such as Costco, Target, Home Depot, and Best Buy at the nearby Rockaway Townsquare, ensuring high visibility and convenient access. Furthermore, its location near the recently completed 250-unit Avalon Wharton luxury residential development underscores the area's desirability and growth potential. This fully entitled project represents a unique chance to capitalize on the increasing demand for new residential construction in a thriving market. The property's zoning and location make it an ideal investment for developers seeking a high-impact project in a desirable New Jersey location. The address is 170 N Main St, Wharton, NJ 07885.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
2.95 ac (128,676 SF)
Zoning code
I-1
APN
39 00301-0000-00001
UPID
US59-1752446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.36M
Owner & transaction history
Virya Development LLC · 1 yrs held
Virya Development LLC
since 2025
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
I-1 · Wharton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wharton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wharton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,240,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $2.45M (May 15 2025)
Last sale anchor
$2.45M
May 15 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$44,136
Tax year 2022
Assessed value
$1,477,100
Assessed 2023
Previous assessed
$1,477,100
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$1,477,000
Assessed improvement
$100
Land market value
$1,477,000
Improvement market value
$100
Total market value
$1,477,100
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
1
Lot
2.95 ac (128,676 SF)
Zoning code
I-1
APN
39 00301-0000-00001
UPID
US59-1752446
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Wharton, NJ
Zoning I-1 · permitted uses
I-1 · Wharton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wharton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
2.95 ac
Current owner
From public records · entity-resolved
Virya Development LLC
Entity
Mailing address
170 N MAIN ST UNIT #9407, WHARTON, NJ 07885-1609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
$2,445,000
Virya Development LLC
Ashour Investment Group Wharton LLC
Deed
$1,000,000 · Bourbon Capital Corp
Apr 15, 2021
$1,500,000
Ashour Investment Group Wharton LLC
North Main Street LLC
Deed
$1,000,000 · Bourbon Capital Corp
Jul 24, 2015
$175,000
170 North Main Street LLC
L E Carpenter & Co
Grant Deed
—
Nov 19, 2014
—
County Of Morris
L E Carpenter & Co
Grant Deed
related
—
Sep 9, 2010
—
State Of Nj
Schaub,ernie
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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