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Financial
Distress signals
Property profile

219 Richmond Ave New Milford, NJ 07646

FOR SALE
Other industrial properties
Property ID
US59-0072896
0.12 ac lot
Last sale Jul 2004 · $495,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A free-standing commercial building located in the center of New Milford. The first-floor interior provides 3,500 sq. ft. of professional space, arranged with a reception area, a common workspace, five private offices, and two handicap-accessible restrooms. The building’s configuration allows for a range of permitted uses, including office and professional services, and it has historically been described as suitable for uses such as an animal hospital, small church, academy, or restaurant…

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?
$15k
Tax billed · 2022
Assessed value · 2023$415k
Assessed land$159k
Assessed improvement$256k
Effective rate3.72%

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$335k
NOI build-up
Gross scheduled income$105k
Vacancy & credit loss−$34k
Operating expenses−$18k
NOI · 4.28% cap applied$54k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$224/SF
County average, outlier-cleaned · 207 recorded sales of this use type
Observed band · Q1–Q3$160 – $337

Cap rate analysis

How does the asset earn?
4.28%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERGEN

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 agency23.4
Spa & Massage19.2
Hair Salon17.4

Location

219 Richmond Ave New Milford, NJ 07646
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 2 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
165 Riv, New Milford, NJ 07646-1703 $1,500,000 Sep 2025 6,477 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
2 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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