Financial
Distress signals
Property profile

454 Chestnut St Union, NJ 07083

FOR SALE
Other commercial real estate
Property ID
US59-2173439
6,188 SF 0.66 ac lot Built 2019
Last sale Mar 2015 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial property located on Chestnut Street in Union, New Jersey on a 0.66-acre lot. The building was historically used as a liquor store and is configured for retail use, with infrastructure suited to specialty food, beverage, or service-oriented operations. The main level contains 6,000+ square feet of open retail space featuring a glass entry foyer with two sets of doors, extended counter space, multiple refrigerated display units, a walk-in freezer, two bathrooms, and utility sinks.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$50k
Tax billed · 2022
Assessed value · 2023$237k
Assessed land$86k
Assessed improvement$151k
Effective rate20.92%

Value estimate

· Sep 2026
$1.62M
$1.46M – $1.78M
CAP approach$1.26M
Sales comparison$1.96M
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$7k
Operating expenses−$32k
NOI · 3.51% cap applied$95k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$232/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$179 – $318
Qualifying comparables22

Cap rate analysis

How does the asset earn?
3.51%
$95k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center12.4
Parking Facility11.6
Furniture Store9.2

Location

454 Chestnut St Union, NJ 07083
County assessor Recorded deeds · 2 transfers 22 qualifying comp sales Zoning catalog · not on file

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
1521 Us Hwy 22nd W, Union, NJ 07083 $500,000 Feb 2026 N/A
2429 Vauxhall, Union, NJ 07083-5033 $805,000 Jun 2025 2,470 SF
1460 Morris, Union, NJ 07083-3337 $1,100,000 May 2025 9,500 SF
1307 Stuyvesant, Union, NJ 07083-3823 $700,000 Feb 2025 2,093 SF
1225 Morris, Union, NJ 07083-3307 $320,000 Oct 2024 1,462 SF
1227 Morris, Union, NJ 07083-3307 $357,000 Oct 2024 1,462 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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