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Property profile

585 State Rt 23 Franklin, NJ 07416

OFF-MARKET
Commercial real estate
Property ID
US59-1839099
1,552 SF 0.31 ac lot Built 1930
Last sale Apr 2026 · $550,000
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

This exceptional 1,704 square foot commercial property, situated on a 0.31-acre lot at 585 State Route 23 in Franklin, NJ, presents a fantastic investment opportunity. The building, constructed of concrete block, features three garage bays, each equipped for efficient operation. A convenient garage door opener is installed on the first bay, enhancing accessibility. A car lift is included, adding significant functionality for repair work. The heated work area boasts 11 and 13-foot ceilings,…

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?
$15k
Tax billed · 2022
Assessed value · 2023$566k
Assessed land$235k
Assessed improvement$331k
Effective rate2.65%

Value estimate

· Nov 2026
$450k
$405k – $495k
AI approach$440k

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

Recently sold

What actually traded nearby?
$132/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$40 – $274
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?
HC-2
The intent of this zone is to promote Highway Commercial uses
General categoryCOMMERCIAL
JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.1
Law Firm16.0
Wholesale Shop15.4

Location

585 State Rt 23 Franklin, NJ 07416-2208
County assessor Recorded deeds · 6 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
175 Main, Franklin, NJ 07416-1564 $550,000 Dec 2024 2,008 SF
3020 State Rt 23, Franklin, NJ 07416-2019 $600,000 Sep 2024 1,972 SF
178 Church, Franklin, NJ 07416-1207 $9,800,000 Mar 2024 960 SF
155 Main, Franklin, NJ 07416-1542 $440,000 May 2023 2,013 SF
3 Rapole, Franklin, NJ 07416-2116 $200,000 Jun 2022 1,820 SF
250 State Rt 23, Franklin, NJ 07416-2141 $990,000 Sep 2021 1,800 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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