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Property profile

276 State Rt 94 Vernon, NJ 07462

FOR SALE
Other commercial real estate
Property ID
US59-2584403
2,985 SF 0.64 ac lot Built 1960
Last sale Jun 2021 · $340,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 2,985-square-foot office property in a well-maintained building constructed in 1960, configured as three separate units. The building includes two units that were used for orthodontic/medical and beauty/massage purposes, and a third unit that is configured for separate tenancy. Each unit has a private bathroom and direct access without stairs, and the interior finishes include laminate and carpet. The property is equipped with central air conditioning with zone-controlled A/C. The site is…

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?
$10k
Tax billed · 2022
Assessed value · 2023$353k
Assessed land$153k
Assessed improvement$199k
Effective rate2.80%

Value estimate

· Oct 2026
$190k
$171k – $209k
AI approach$315k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$29k
Operating expenses−$15k
NOI · 7.62% cap applied$46k

Realmo valuation models over county records and 43 qualifying comparable sales.

Recently sold

What actually traded nearby?
$130/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$89 – $185
Qualifying comparables43

Cap rate analysis

How does the asset earn?
7.62%
$46k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.9
Building Supply17.8
Realty agency17.2

Location

276 State Rt 94 Vernon, NJ 07462
County assessor Recorded deeds · 1 transfer 43 qualifying comp sales Zoning catalog · not on file

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
327 State Rt 94, Vernon, NJ 07462-3167 $550,000 Sep 2024 2,992 SF
9 State Rt 94, Vernon, NJ 07462-3520 $475,000 May 2024 2,400 SF
265 State Rt 94, Vernon, NJ 07462-3121 $309,000 Jun 2023 2,801 SF
521 County Rte 515, Vernon, NJ 07462-3033 $595,000 May 2023 4,080 SF
358 Vernon Warwick, Vernon, NJ 07462 $227,980 Sep 2022 1,977 SF
4 Church, Vernon, NJ 07462-3139 $445,000 Jul 2022 2,584 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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