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Financial
Distress signals
Property profile

228 Delaware Ave Pennington, NJ 08534

OFF-MARKET
Other commercial real estate
Property ID
US59-1925337
3,480 SF 0.5 ac lot
Last sale Feb 2026 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use property is situated on the corner of W. Delaware and Route 31. The building contains a total of 3,509 square feet, including commercial space leased to a bank for 1,374 square feet under an absolute net lease (lease term May 1, 2022 to April 30, 2027, with one renewal option for 5 years). In addition to the commercial area, the property includes three apartments, with two units that have been vacant. The site covers a lot measuring 125 feet by 173.84 feet and provides 19 parking…

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 · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$556k
Assessed land$150k
Assessed improvement$406k
Effective rate3.05%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$111/SF
County average, outlier-cleaned · 839 recorded sales of this use type
Observed band · Q1–Q3$53 – $188
Qualifying comparables18

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?
B-H
The intent of this zone is to promote highway commercial uses
General categoryCOMMERCIAL
JurisdictionMERCER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply17.6
Wholesale Shop15.9
Auto Parts Store13.0

Location

228 Delaware Ave Pennington, NJ 08534-1626
County assessor Recorded deeds · 3 transfers 18 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
15-17 Main, Pennington, NJ 08534-2217 $410,000 Apr 2024 1,944 SF
20 Franklin, Pennington, NJ 08534-2234 $1,075,000 Feb 2024 3,000 SF
44 Main, Pennington, NJ 08534-2817 $160,000 Sep 2022 3,640 SF
23 Delaware Ave, Pennington, NJ 08534-2238 $342,500 Mar 2022 2,789 SF
12 Delaware, Pennington, NJ 08534-2201 $660,000 Mar 2021 3,000 SF
2580 Pennington, Pennington, NJ 08534-3206 $600,000 Feb 2021 2,194 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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