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Property profile

2 Main St Netcong, NJ 07857

FOR SALE
Other commercial real estate
Property ID
US59-1834228
1,492 SF 0.25 ac lot
Last sale Dec 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Commercial building located on a highly visible corner lot along Main Street in a commuter-friendly area of Morris County. The structure was built in 1942 and provides approximately 1,492 square feet of commercial space, situated on a 0.25-acre lot. Its Main Street frontage and downtown, walkable context support a variety of commercial configurations, and the property’s location and zoning allow for uses such as retail, professional office, and service-oriented businesses, including owner-user…

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?
$7k
Tax billed · 2022
Assessed value · 2023$203k
Assessed land$103k
Assessed improvement$100k
Effective rate3.35%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 4.95% cap applied$21k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$243/SF
County average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$146 – $363
Qualifying comparables8

Cap rate analysis

How does the asset earn?
4.95%
$21k 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?
B
B Commercial Business District. Primary intended uses. The following uses are permitted in the B Commercial Business District: retail sal...
General categoryCOMMERCIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.1
Law Firm10.9
Bakery9.4

Location

2 Main St Netcong, NJ 07857
County assessor Recorded deeds · 1 transfer 8 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
133 Ledgewood, Netcong, NJ 07857-1502 $485,000 Mar 2025 1,272 SF
40 Main, Netcong, NJ 07857-1111 $390,000 Feb 2025 2,040 SF
36 Main, Netcong, NJ 07857-1111 $350,000 Nov 2024 2,083 SF
42 Main, Netcong, NJ 07857-1111 $405,000 Nov 2024 2,393 SF
46 Main, Netcong, NJ 07857-1111 $385,000 Nov 2024 2,434 SF
Flanders, Netcong, NJ 07857 $125,000 Sep 2020 2,312 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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