Property profile

238 Delaware Ave Pennington, NJ 08534

OFF-MARKET
Other commercial real estate
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Property ID
US59-2122459
1,479 SF 0.62 ac
Last sale Oct 1992·$275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This is a second-floor office space in a building constructed in 1937, offering 4,801 square feet of interior area. The space includes a private entrance, multiple individual offices, and open work areas, with a floor plan that combines private rooms and shared workspace within an established commercial property. The building occupies a 0.62-acre site that features a lighted, paved parking lot. The property is situated near a state highway and within the vicinity of a municipal library, public…

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?
$23k
Tax billed · 2022
Assessed value · 2023$795k
Assessed land$187k
Assessed improvement$608k
Effective rate2.83%

Value estimate

· Nov 2026
$290k
$261k – $319k
AI approach$320k

Realmo valuation models over county records and 9 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 comparables9

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

238 Delaware Ave Pennington, NJ 08534-1603
County assessor Recorded deeds · 3 transfers 9 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
2405 Pennington, Pennington, NJ 08534-5215 $340,000 Oct 2024 1,932 SF
8 Main, Pennington, NJ 08534-2218 $370,000 Oct 2024 1,656 SF
15-17 Main, Pennington, NJ 08534-2217 $410,000 Apr 2024 1,944 SF
Del, Pennington, NJ 08534 $265,000 Nov 2023 1,621 SF
78 Rte 31st N, Pennington, NJ 08534-3606 $300,000 Aug 2022 1,075 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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Includes: Price & PSF · Cap rate · Location · Zoning

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