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Financial
Distress signals
Property profile

1966 Washington Valley Rd Martinsville, NJ 08836

FOR SALE
Other commercial real estate
Property ID
US59-0704155
12,480 SF 1.49 ac lot
Last sale Mar 2010 · $2,510,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a former dance studio configured for adaptive reuse as either retail or office space, with interior improvements typical of a studio setting. It has been described as having a CAM charge structure, though specific amounts are not retained in this profile.

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?
$46k
Tax billed · 2022
Assessed value · 2023$2.24M
Assessed land$373k
Assessed improvement$1.87M
Effective rate2.06%

Value estimate

· Oct 2026
$2.03M
$1.83M – $2.23M
Submarket $/SF estimate$2.81M
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$2k
Operating expenses−$15k
NOI · 587.74% cap applied$22k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$256/SF
County average, outlier-cleaned · 255 recorded sales of this use type
Observed band · Q1–Q3$161 – $386
Qualifying comparables15

Cap rate analysis

How does the asset earn?
587.74%
$22k 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?
C1
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop13.4
Law Firm12.0
Building Supply11.7

Location

1966 Washington Valley Rd Martinsville, NJ 08836
County assessor Recorded deeds · 4 transfers 15 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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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