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    Property profile & analytics

    404 Route 31 Ringoes, NJ 08551

    • Commercial real estate
    • 3.23 lot acres
    For Sale
    View listing
    $12
    Value Estimation
    Last Sale
    Aug 07, 2024
    $1,100,000
    Location Intelligence
    Property ID
    US59-1317547
    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 404 Route 31

    Lot size
    3.23 lot acres
    Zone code
    LHC
    Property type
    Commercial real estate
    APN
    26 00023-0000-00004
    APU
    2600023000000004

    Description

    This exceptional 4,000-square-foot industrial property is ideally situated at 404 Route 31, Unit 100, Ringoes, NJ. Boasting a highly visible location on Route 31, this versatile space offers significant potential for a variety of businesses. The open floor plan provides 12-15 foot ceiling heights, allowing for efficient use of space and potentially accommodating high-volume storage or equipment. Previously utilized as a showroom for a plumbing supply company, the property's adaptability makes it suitable for a wide range of uses, from warehousing and distribution to retail operations. The property includes central air conditioning and heating throughout the entire 4,000 square feet, ensuring year-round comfort and operational efficiency. Convenient access to major transportation arteries is a key advantage, with easy connectivity to Route 202 and Interstate 95 via Route 31, facilitating seamless logistics and commutes. The property sits on a sizable 3.23-acre lot, offering ample space for parking, loading, and potential future expansion. This prime location and flexible space present a unique opportunity for businesses seeking a strategic foothold in the Ringoes market. Inquire today to explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,280,000
      6.5%
      $1,265,000
      7%
      $1,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,035,000
      Geo Method
      $1,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $930,000
      Retail
      $1,010,000
      Mixed-Use
      $1,205,000
      Hospitality
      $1,010,000
      Educational
      $930,000
      Residential Income
      $1,025,000
      Energy
      $975,000
      Income-Based Land
      $1,140,000
      Food Service
      $1,095,000

    Location Insight

    • Map
    • Local Demand
    City
    Ringoes
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8444
    Latitude
    40.3946
    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
    2023
    $25,162
    $215,900
    $937,000
    $1,152,900
    -
    $215,900
    $937,000
    $1,152,900

    Comparable in this City

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      129 Us Hwy 202abc

      COMMERCIAL (GENERAL) • 1,832 SF
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    • Value Estimation
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      1059 Old York Rd

      COMMERCIAL (GENERAL) • 2,218 SF
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    • Value Estimation by Request
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      COMMERCIAL (GENERAL) • 11,657 SF
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    • Contact for pricing
      3.23 Acres

      Ringoes Industrial Space - Route 31

      High-visibility industrial space, flexible layout.
      404 Route 31, Ringoes, NJ 08551
      View Details
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    404 Route 31
    Ringoes, NJ 08551
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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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