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Property profile

231 Myrtle Ave Boonton, NJ 07005

OFF-MARKET
Commercial real estate
Property ID
US59-1436458
5,992 SF 0.23 ac lot Built 1881
Last sale Feb 2022 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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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$465k
Assessed land$298k
Assessed improvement$166k
Effective rate3.18%

Value estimate

· Oct 2026
$450k
$405k – $495k
AI approach$455k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$195/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $288
Qualifying comparables14

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?
C-2
Within the B-1, B-2, B-3, B-4, C-1 and C-2 Districts, every building hereafter constructed, erected or placed for a use as permitted by t...
General categoryCOMMERCIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.4
Realty agency13.1
Accounting Firm9.8

Location

231 Myrtle Ave Boonton, NJ 07005-1753
County assessor Recorded deeds · 1 transfer 14 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
218 Myrtle, Boonton, NJ 07005-1786 $1,458,000 May 2025 8,975 SF
719 Main, Boonton, NJ 07005-1447 $1,100,000 Feb 2024 8,126 SF
1153 Main, Boonton, NJ 07005 $2,500,000 Feb 2023 9,957 SF
199 Powerville, Boonton, NJ 07005-8840 $10,910,000 Nov 2022 4,948 SF
819 Main, Boonton, NJ 07005-1449 $565,000 Oct 2022 4,572 SF
109 William, Boonton, NJ 07005-1721 $600,000 Aug 2022 3,461 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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