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Property profile

550 W Main St Boonton, NJ 07005

FOR SALE
Other commercial real estate
Property ID
US59-1152164
11,042 SF 1.26 ac lot Built 1940
Last sale Nov 2025 · $1,787,690
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a first-floor office unit within a professional building constructed in 1940, containing approximately 165 square feet of interior space. The suite includes access to a kitchenette and is served by a ductless split HVAC system providing both heating and air conditioning. The unit is located at 550 W Main St #1E in Boonton, New Jersey, within a municipality zoned B-4, which supports office use, and features convenient access with on-site parking available. (CAM/utility and maintenance billing is managed separately through CAM.)

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?
$37k
Tax billed · 2022
Assessed value · 2023$1.16M
Assessed land$777k
Assessed improvement$387k
Effective rate3.18%

Value estimate

· Oct 2026
$1.58M
$1.42M – $1.73M
CAP approach$1.25M
Submarket $/SF estimate$1.88M
NOI build-up
Gross scheduled income$5k
Vacancy & credit loss−$2k
Operating expenses−$841
NOI · 388.46% cap applied$3k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$195/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $288
Qualifying comparables6

Cap rate analysis

How does the asset earn?
388.46%
$3k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
B-4
Within the B-1, B-2, B-3, B-4, C-1 and C-2 Districts, every building hereafter constructed, erected or placed for a use as permitted by t...
General categoryCOMMERCIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.1
Auto Parts Store10.1
Smoke and Vape Shop9.3

Location

550 W Main St Boonton, NJ 07005
County assessor Recorded deeds · 10 transfers 6 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
312 Main, Boonton, NJ 07005-1148 $410,000 Dec 2025 11,414 SF
218 Myrtle, Boonton, NJ 07005-1786 $1,458,000 May 2025 8,975 SF
719 Main, Boonton, NJ 07005-1447 $1,100,000 Feb 2024 8,126 SF
10 Fanny, Boonton, NJ 07005-1471 $2,687,000 Jan 2024 15,818 SF
1153 Main, Boonton, NJ 07005 $2,500,000 Feb 2023 9,957 SF
315 Main, Boonton, NJ 07005-1892 $885,000 May 2022 6,099 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?”
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