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Property profile

346 Main St Chatham, NJ 07928

FOR SALE
Other commercial real estate
Property ID
US59-1065722
2,904 SF 0.18 ac lot Built 1960
Last sale Apr 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located in the B-1 business district on Main Street in Chatham Borough, this second-floor suite (approximately 3,000 square feet) is configured for a range of uses including professional, office/administrative, retail service, medical, and similar commercial or service activities. The suite is positioned near NJ Transit bus and train service to NYC and includes Main Street signage. Inside, it provides two private offices connected to a large flexible open area, with windows in all offices and…

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?
$14k
Tax billed · 2022
Assessed value · 2023$849k
Assessed land$433k
Assessed improvement$416k
Effective rate1.71%

Value estimate

· Oct 2026
$440k
$396k – $484k
AI approach$380k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$29k
Operating expenses−$15k
NOI · 3,530.77% cap applied$46k

Realmo valuation models over county records and 35 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 comparables35

Cap rate analysis

How does the asset earn?
3,530.77%
$46k 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?
B-1
This district is intended to promote Business uses
General categoryCOMMERCIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.8
Locksmith9.2
Parking Facility9.2

Location

346 Main St Chatham, NJ 07928
County assessor Recorded deeds · 2 transfers 35 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
135 Main, Chatham, NJ 07928-2414 $1,350,000 Jan 2025 3,310 SF
19 Passaic, Chatham, NJ 07928-2525 $950,000 Jan 2024 3,598 SF
585 Main, Chatham, NJ 07928-2147 $999,000 Jul 2022 4,059 SF
185 Main, Chatham, NJ 07928 $1,200,000 Jan 2022 2,411 SF
266 Main, Chatham, NJ 07928 $1,050,000 Aug 2020 2,760 SF
552 Main, Chatham, NJ 07928-2120 $595,000 Jul 2020 2,260 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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