The property was totally renovated and is configured for office or retail use. The space is designed to be divisible to accommodate separate tenant or room layouts as needed. An additional component includes a 300-square-foot office and a lighted, fenced-in parking area, with security cameras, and the additional exterior area is suitable for storing company vehicles or landscaping equipment.

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.

Debts

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 · 2022

What does the county charge?

$17k

Tax billed · 2022

Assessed value · 2023$416k

Assessed land$216k

Assessed improvement$200k

Effective rate3.99%

Value estimate

· Oct 2026

$350k

$315k – $385k

AI approach$350k

NOI build-up

Gross scheduled income$6k

Vacancy & credit loss−$362

Operating expenses−$2k

NOI · 171.28% cap applied$4k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$190/SF

County average, outlier-cleaned · 817 recorded sales of this use type

Observed band · Q1–Q3$117 – $285

Cap rate analysis

How does the asset earn?

171.28%

$4k 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?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPASSAIC

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 agency11.0

Dental Office9.5

Hair Salon9.2

62 Old Rt 23 Newfoundland, NJ 07435

County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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

Address Sale price Sold Size

2850 State Rt 23rd S, Newfoundland, NJ 07435-1473 $700,000 Dec 2025 2,612 SF

2969 State Rt 23, Newfoundland, NJ 07435-1467 $160,000 Jan 2025 2,240 SF

38 Oak Rdg, Newfoundland, NJ 07435-1402 $1,300,000 Jan 2025 1,264 SF

2890 State Rt 23, Newfoundland, NJ 07435-1459 $890,000 Nov 2023 4,820 SF

2870 State Rt 23, Newfoundland, NJ 07435-1410 $600,000 Nov 2023 2,997 SF

49 Old Rt 23, Newfoundland, NJ 07435-1505 $120,000 Oct 2022 No data

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

Value Estimation by Request

2713 3

Commercial real estate

2713 3, Newfoundland, NJ 07435

View Details
Value Estimation by Request
750 SF

2713 Rte 23

Commercial real estate

2713 Rte 23, Newfoundland, NJ 07435

View Details
Value Estimation
$670,000

0.54 Acres

2648 State Rt 23

COMMERCIAL (GENERAL)

2648 State Rt 23, Newfoundland, NJ 07435-1444

View Details
Value Estimation
$415,000

4.60 Acres

2925 State Rt 23

COMMERCIAL (GENERAL)

2925 State Rt 23, Newfoundland, NJ 07435-1405

View Details
Value Estimation
$370,000

0.48 Acres

39 Oak Rdg Rd

COMMERCIAL (GENERAL)

39 Oak Rdg Rd, Newfoundland, NJ 07435-1403

View Details
Value Estimation
$345,000

1.30 Acres

2899 State Rt 23

COMMERCIAL (GENERAL)

2899 State Rt 23, Newfoundland, NJ 07435-1477

View Details

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62 Old Rt 23 Newfoundland, NJ 07435

Property summary