Financial
Distress signals
Property profile

475 Watchung Ave Plainfield, NJ 07069

FOR LEASE
Commercial real estate
Property ID
US59-1809310
12,293 SF 1 ac lot Built 1958
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional second-floor office space, located at 475 Watchung Avenue, Unit 7, in Watchung, NJ, presents a fantastic opportunity for businesses seeking a prominent location with easy access to major transportation routes. Boasting approximately one acre of land, this property offers ample space and high visibility, making it ideal for a variety of professional uses. The office space itself has recently undergone renovations, including fresh paint and new flooring, ensuring a modern 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. 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 · 2023

What does the county charge?
$36k
Tax billed · 2023
Assessed value · 2024$1.86M
Assessed land$625k
Assessed improvement$1.24M
Effective rate1.92%

Value estimate

· Sep 2026
$1.72M
$1.54M – $1.89M
Submarket $/SF estimate$2.05M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$204/SF
Submarket average, outlier-cleaned · 104 recorded sales of this use type
Observed band · Q1–Q3$116 – $327
Qualifying comparables8

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?
B-A
Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and ...
General categoryCOMMERCIAL
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.8
Cafe & Coffee Shop9.1
Wholesale Shop9.1

Location

475 Watchung Ave Plainfield, NJ 07069
County assessor Recorded deeds · not on file 8 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
141 Stirling, Watchung, NJ 07069-5904 $1,640,000 Mar 2024 5,461 SF
17 Johnston, Watchung, NJ 07069-4904 $887,500 Jan 2024 4,140 SF
736 Mtn, Watchung, NJ 07069-6243 $725,000 Jul 2021 3,286 SF
990 Somerset, Watchung, NJ 07069-6305 $250,300 Mar 2021 2,241 SF
744 Mtn, Watchung, NJ 07069-6297 $900,000 Feb 2021 5,592 SF
20 Stirling, Watchung, NJ 07069-5906 $1,445,000 Jul 2020 13,854 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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