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    Property profile & analytics

    2048 State Rte 31 Glen Gardner, NJ 08826-3279

    • Commercial real estate
    • 3,564 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US59-1864364
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2048 State Rte 31

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    0.72 lot acres
    Property size
    3,564 SF
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    19 00008-0000-00006
    APU
    1900008000000006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $210,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $230,000
      Mixed-Use
      $195,000
      Hospitality
      $205,000
      Educational
      $245,000
      Residential Income
      $195,000
      Energy
      $190,000
      Income-Based Land
      $215,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Glen Gardner
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.9265
    Latitude
    40.6843
    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
    $6,385
    $90,000
    $147,700
    $237,700
    -
    $90,000
    $147,700
    $237,700

    Comparable in this City

    • Value Estimation by Request

      Sanatorium Rd

      COMMERCIAL (GENERAL)
      Sanatorium Rd, Glen Gardner, NJ 08826
      View Details
    • Value Estimation
      $315,000
      0.92 Acres

      2127-2129 Rte 31

      COMMERCIAL (GENERAL) • 0.92 Acres
      2127-2129 Rte 31, Glen Gardner, NJ 08826
      View Details
    • Value Estimation
      $170,000
      1,403 SF

      2062 State Rte 31

      COMMERCIAL (GENERAL) • 1,403 SF
      2062 State Rte 31, Glen Gardner, NJ 08826-3279
      View Details
    • Value Estimation
      $1,250,000
      4.66 Acres

      2157 State Rte 31

      COMMERCIAL (GENERAL) • 4.66 Acres
      2157 State Rte 31, Glen Gardner, NJ 08826-6416
      View Details
    • Value Estimation
      $195,000
      272 SF

      2160 State Rte 31

      COMMERCIAL (GENERAL) • 272 SF
      2160 State Rte 31, Glen Gardner, NJ 08826-6403
      View Details
    • Value Estimation by Request
      7,788 SF

      486 Hl Rd

      COMMERCIAL (GENERAL) • 7,788 SF
      486 Hl Rd, Glen Gardner, NJ 08826-3256
      View Details

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      Turn-Key Cafe with Apartment

      Cafe with apartment for sale in Glen Gardner Boro.
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      Land For Sale

      Land available for purchase.
      68 Sanatorium Rd, Glen Gardner, NJ 08826
      View Details
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    2048 State Rte 31
    Glen Gardner, NJ 08826-3279
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    Realmo Value Estimation

    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.

    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.

    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
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