Financial
Distress signals
Property profile

24 N Main St Pennington, NJ 08534

FOR SALE
Other commercial real estate
Property ID
US59-1108755
6,333 SF 0.13 ac lot
Last sale Aug 1996 · $328,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 24 North Main St, Pennington, is a historic building originally constructed in 1890 as a Fire Station and converted to Pennington Borough Hall and Library in 1929. It was updated in 1997 and refreshed in 2019 with new flooring and paint. The building provides approximately 2,968 square feet on the first floor, which is handicap accessible and includes a storefront entrance plus a separate entrance that opens to a large, open room suitable for office or retail use, with an

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value · 2023$664k
Assessed land$120k
Assessed improvement$544k
Effective rate2.83%

Value estimate

· Sep 2026
$420k
$378k – $462k
AI approach$315k
NOI build-up
Gross scheduled income$150k
Vacancy & credit loss−$18k
Operating expenses−$49k
NOI · 4.89% cap applied$82k

Realmo valuation models over county records and 7 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 comparables7

Cap rate analysis

How does the asset earn?
4.89%
$82k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
O-R
The purpose of the O-R Office Residence Zone is to permit the use of a portion of a residential structure for office purposes in order to...
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 Supply9.3
Plumbing Service9.0
Auto Repair Shop8.9

Location

24 N Main St Pennington, NJ 08534
County assessor Recorded deeds · 2 transfers 7 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
1 Wash Cross Penn, Pennington, NJ 08534 $1,350,000 Apr 2024 10,828 SF
20 Franklin, Pennington, NJ 08534-2234 $1,075,000 Feb 2024 3,000 SF
12 Main, Pennington, NJ 08534-2225 $1,235,000 Jan 2024 11,238 SF
2 Main, Pennington, NJ 08534-2218 $2,300,000 Apr 2023 9,464 SF
44 Main, Pennington, NJ 08534-2817 $160,000 Sep 2022 3,640 SF
14 Main, Pennington, NJ 08534-2218 $1,219,700 Feb 2022 7,306 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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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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