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Financial
Distress signals
Property profile

175 Main St Wharton, NJ 07885

OFF-MARKET
Other industrial properties
Property ID
US59-0613008
1.51 ac lot
Last sale Feb 1997 · $87,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 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

The property is a 20,000-square-foot brick mixed-use building constructed in 1885, situated on 1.51 acres. Historically used as a silk mill, it includes office spaces ranging from approximately 250 to 4,500 square feet and has previously been configured with a restaurant (Norte175) featuring a liquor license and a security sprinkler system. The structure has 14-foot ceilings and brick walls with column spacing ranging from 15 to 25 inches. A second level is present with potential for conversion…

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?
$66k
Tax billed · 2022
Assessed value · 2023$2.20M
Assessed land$483k
Assessed improvement$1.72M
Effective rate2.99%

Value estimate

· Oct 2026
$505k
$455k – $556k
AI approach$505k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$179/SF
County average, outlier-cleaned · 85 recorded sales of this use type
Observed band · Q1–Q3$134 – $250

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?
I-1
The intent and purpose of this zone I-1 is to support organized industrial development with planned infrastructure
General categoryINDUSTRIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.9
Realty agency11.1
Law Firm9.6

Location

175 Main St Wharton, NJ 07885-1638
County assessor Recorded deeds · 4 transfers 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

3 recorded sales · 8 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
170 Main St, Wharton, NJ 07885-1609 $2,445,000 May 2025 No data
123 Main, Wharton, NJ 07885 $1,967,000 May 2023 1,700 SF
355 Dewey, Wharton, NJ 07885-1305 $3,250,000 Apr 2022 15,364 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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