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Property profile

31 Fairmount Ave Chester, NJ 07930

FOR LEASE
Commercial real estate
Property ID
US59-2054047
11,260 SF 1.14 ac lot Built 1970
Last sale Apr 2021 · $1,350,000
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

This exceptional 11,100 square foot traditional office building, located at 31 Fairmount Ave in Chester, New Jersey (zip code 07930), offers multiple suites for lease. Situated in Morris County, this property provides convenient access to major transportation routes and amenities. The building features a variety of suite sizes to accommodate diverse business needs. Currently available are two well-appointed suites: Suite 101, encompassing 763 square feet, is offered at a monthly rental rate…

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?
$35k
Tax billed · 2022
Assessed value · 2023$1.37M
Assessed land$405k
Assessed improvement$964k
Effective rate2.59%

Value estimate

· Oct 2026
$1.86M
$1.67M – $2.04M
AI approach$1.88M
CAP approach$1.27M
Submarket $/SF estimate$1.65M
NOI build-up
Gross scheduled income$333k
Vacancy & credit loss−$107k
Operating expenses−$57k
NOI · 930,065.72% cap applied$170k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$243/SF
County average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$146 – $363
Qualifying comparables6

Cap rate analysis

How does the asset earn?
930,065.72%
$170k 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-P
The fifth priority location shall be on lands located in the OP Office Professional Zone as identified in the Borough of Chester Zone Map...
General categoryUNKNOWN
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.1
HVAC Service9.9
Tailor Shop9.0

Location

31 Fairmount Ave Chester, NJ 07930
County assessor Recorded deeds · 1 transfer 6 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
95 Main, Chester, NJ 07930-2487 $4,750,000 Feb 2024 28,260 SF
65 Us Hwy 206th S, Chester, NJ 07930-2401 $820,000 Jul 2023 6,482 SF
395 State Rte 24, Chester, NJ 07930-2904 $1,955,000 Mar 2022 9,137 SF
300 State Rte 24, Chester, NJ 07930-2661 $819,000 Jan 2021 5,387 SF
92 Main, Chester, NJ 07930-2773 $1,350,000 Nov 2020 8,836 SF
125 Us Hwy 206th S, Chester, NJ 07930-2466 $2,867,647 Nov 2020 6,328 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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