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Property profile

394 Route 31 Ringoes, NJ 08551

FOR SALE
Other commercial real estate
Property ID
US59-1115573
4,515 SF 28.33 ac lot Built 2014
Last sale Nov 2013 · $633,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a farm located in Hunterdon County, New Jersey, accessed via directions from Route 202 by taking Route 31 North to the property on the right. The provided information does not specify the farm’s acreage, building or improvement details, or any income-producing features.

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?
$32k
Tax billed · 2022
Assessed value · 2023$1.53M
Assessed land$271k
Assessed improvement$1.26M
Effective rate2.09%

Value estimate

· Oct 2026
$750k
$675k – $825k
CAP approach$735k
Submarket $/SF estimate$769k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 0.18% cap applied$15k

Realmo valuation models over county records and 55 qualifying comparable sales.

Recently sold

What actually traded nearby?
$166/SF
County average, outlier-cleaned · 235 recorded sales of this use type
Observed band · Q1–Q3$103 – $262
Qualifying comparables55

Cap rate analysis

How does the asset earn?
0.18%
$15k 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?
LHC
JurisdictionHUNTERDON

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 Service8.7
Auto Repair Shop8.2

Location

394 Route 31 Ringoes, NJ 08551
County assessor Recorded deeds · 1 transfer 55 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
28 John Ringo, Ringoes, NJ 08551-1051 $940,000 Jan 2024 5,878 SF
43 Us Hwy 202b, Ringoes, NJ 08551-1820 $999,999 Oct 2022 4,876 SF
155 Us Hwy 202, Ringoes, NJ 08551-1909 $490,000 Jul 2022 2,630 SF
Rte 202, Ringoes, NJ 08551 $147,473 Jun 2020 2,400 SF
1 Rocktown Hl, Ringoes, NJ 08551-1419 $570,000 Jan 2020 2,543 SF
68 Johanna Farms, Ringoes, NJ 08551-2006 $302,500 Dec 2018 2,648 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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