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    Property profile & analytics

    2841 State Rt 23 Stockholm, NJ 07460-1305

    • Commercial real estate
    • 5,810 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US59-1485156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2841 State Rt 23

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    0.75 lot acres
    Property size
    5,810 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    11 00084-0000-00002
    APU
    1100084000000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $280,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $230,000
      Mixed-Use
      $290,000
      Hospitality
      $260,000
      Educational
      $300,000
      Residential Income
      $300,000
      Energy
      $230,000
      Income-Based Land
      $255,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Stockholm
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.5321
    Latitude
    41.0991
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,473
    $125,900
    $124,100
    $250,000
    -
    $125,900
    $124,100
    $250,000

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      2786 Rt 23

      Commercial real estate • 2,700 SF
      2786 Rt 23, Hardyston, NJ 07460
      View Details
    • Value Estimation by Request
      0.55 Acres

      29 Rte 515

      COMMERCIAL (GENERAL) • 0.55 Acres
      29 Rte 515, Stockholm, NJ 07460-1512
      View Details
    • Value Estimation by Request
      15.14 Acres

      2765 State Rt 23

      COMMERCIAL (GENERAL) • 15.14 Acres
      2765 State Rt 23, Stockholm, NJ 07460-1334
      View Details
    • Value Estimation
      $480,000
      14,535 SF

      2700 State Rt 23

      COMMERCIAL (GENERAL) • 14,535 SF
      2700 State Rt 23, Stockholm, NJ 07460-1335
      View Details
    • Value Estimation by Request
      2.39 Acres

      2769-2771 Rt 23

      COMMERCIAL (GENERAL) • 2.39 Acres
      2769-2771 Rt 23, Stockholm, NJ 07460
      View Details
    • Value Estimation by Request
      1.28 Acres

      2735 State Rt 23

      COMMERCIAL (GENERAL) • 1.28 Acres
      2735 State Rt 23, Stockholm, NJ 07460-1332
      View Details

    Similar Nearby for Sale

    • $489,000
      2,700 SF

      Hardyston Commercial Investment Opportunity

      High-yield, 2700 sq ft, Route 23 location.
      2786 Rt 23, Hardyston, NJ 07460
      View Details
    • $455,000
      14,535 SF

      Historic Inn & Restaurant Opportunity

      Historic property with restaurant, apartments, and development potential.
      2700 Rte, Stockholm, NJ 07460
      View Details
    • $489,000

      Adaptable Commercial Space on State Route

      Versatile commercial property with offices, kitchens, and high visibility.
      2786 Rt 23, Stockholm, NJ 07460
      View Details
    • $325,000

      Land For Sale

      Land available for sale.
      4 Hillside Ave, Stockholm, NJ 07460
      View Details

    Similar Nearby for Lease

    • $3,750 /Mo

      Versatile Commercial Space with Highway Visibility

      Adaptable 3,000 sqft commercial space with office and garage.
      2790 State Rt 23, Stockholm, NJ 07460
      View Details
    • $6,250 /Mo

      Versatile Commercial Space on Highway

      5,000 sqft commercial space with prime highway exposure.
      2841 State Rt 23, Stockholm, NJ 07460
      View Details
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    2841 State Rt 23
    Stockholm, NJ 07460-1305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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