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Property profile

46-48 Water St 48 Newton, NJ 07860

OFF-MARKET
Commercial real estate
Property ID
US59-2142246
9,680 SF 0.45 ac lot Built 1953
Last sale Jan 2025 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 46-48 Water Street in the vibrant town of Newton, New Jersey, presents a fantastic opportunity for businesses seeking a well-maintained and conveniently situated office space. Boasting a generous 11,860 square feet of interior space, this property is ideal for a variety of commercial uses. The building has undergone recent renovations, ensuring a modern and functional workspace for its occupants. A key feature is the inclusion of two private…

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?
$28k
Tax billed · 2022
Assessed value · 2023$632k
Assessed land$192k
Assessed improvement$439k
Effective rate4.51%

Value estimate

· Oct 2026
$885k
$797k – $974k
AI approach$905k
Submarket $/SF estimate$686k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$112/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$71 – $169
Qualifying comparables18

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
T-5
T-5 - Town Core Support Area/Neighborhood Cores. The T-5 Transect Zone covers the area surrounding the Town Core that provides the majori...
General categoryRESIDENTIAL
JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.1
Watch Repair Shop8.7
Storage Facility8.6

Location

46-48 Water St, Unit 48 Newton, NJ 07860-1419
County assessor Recorded deeds · 15 transfers 18 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
59 Trinity, Newton, NJ 07860-2242 $200,000 Jan 2026 7,055 SF
60 Stickles Pond, Newton, NJ 07860-2780 $1,000,000 Jun 2025 4,560 SF
4 Un, Newton, NJ 07860-1818 $940,000 Jan 2025 9,490 SF
15 Trinity, Newton, NJ 07860-1814 $1,000,000 Nov 2024 6,144 SF
111 Spg, Newton, NJ 07860-2042 $600,000 Jul 2024 9,416 SF
26-30 Moran, Newton, NJ 07860-1826 $1,500,000 Jun 2024 13,103 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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