Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

237 Lorraine Ave 249 Montclair, NJ 07043

OFF-MARKET
Commercial real estate
Property ID
US59-1800205
6,794 SF 0.75 ac lot Built 1929
Last sale Aug 2016 · $1,965,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$89k
Tax billed · 2022
Assessed value · 2023$2.70M
Assessed land$1.50M
Assessed improvement$1.20M
Effective rate3.29%

Value estimate

· Nov 2026
$2.01M
$1.81M – $2.21M
CAP approach$1.44M
Submarket $/SF estimate$1.94M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$436/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$350 – $572
Qualifying comparables5

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?
NC
JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.7
Pawn Shop10.2
Smoke and Vape Shop10.2

Location

237 Lorraine Ave, Unit 249 Montclair, NJ 07043-1409
County assessor Recorded deeds · 3 transfers 5 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
602-604 Vly, Montclair, NJ 07043-1420 $2,750,000 Jan 2024 6,240 SF
612-616 Vly, Montclair, NJ 07043-1420 $1,775,000 Aug 2022 7,413 SF
732 Vly, Montclair, NJ 07043-1521 $4,000,000 May 2022 7,417 SF
594 Vly, Montclair, NJ 07043-1882 $2,250,000 Apr 2022 7,274 SF
250 Bellevue, Montclair, NJ 07043-1318 $2,050,000 Jan 2022 6,011 SF
123 Watchung, Montclair, NJ 07043-1740 $1,300,000 Oct 2020 7,618 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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