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Property profile

5 Passaic Ave Chatham, NJ 07928

OFF-MARKET
Commercial real estate
Property ID
US59-2172253
1,996 SF 0.04 ac lot Built 1959
Last sale Aug 2005 · $1
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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 · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$424k
Assessed land$291k
Assessed improvement$133k
Effective rate1.55%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k

Realmo valuation models over county records and 30 qualifying comparable sales.

Recently sold

What actually traded nearby?
$243/SF
County average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$146 – $363
Qualifying comparables30

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-4
This district is intended to promote Business uses
General categoryCOMMERCIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.4
Auto Parts Store9.3
Hair Salon9.3

Location

5 Passaic Ave Chatham, NJ 07928-2331
County assessor Recorded deeds · 2 transfers 30 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
57 Riv, Chatham, NJ 07928-1928 $750,000 Jan 2025 1,464 SF
8 Main, Chatham, NJ 07928 $1,050,000 Nov 2022 2,064 SF
185 Main, Chatham, NJ 07928 $1,200,000 Jan 2022 2,411 SF
266 Main, Chatham, NJ 07928 $1,050,000 Aug 2020 2,760 SF
360 Main, Chatham, NJ 07928-2112 $1,050,000 Aug 2020 1,448 SF
552 Main, Chatham, NJ 07928-2120 $595,000 Jul 2020 2,260 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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