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    For Sale (21)

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    Renovated Duplex in Desirable Location
    $799,000

    Renovated Duplex in Desirable Location

    Two-family home with vacant unit, parking, and convenient location.

    220 5Th St, Fairview, NJ 07022
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    Multifamily Property in East Orange
    $678,000

    Multifamily Property in East Orange

    Large multifamily property with income potential in desirable Essex County.

    148 N 15Th St, East Orange, NJ 07017
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    North Bergen Multifamily Investment Property
    $989,000

    North Bergen Multifamily Investment Property

    Four-unit building near NYC transportation with strong potential.

    6208 Durham Ave, North Bergen, NJ 07047
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    East Orange Three-Family Residence
    $875,000

    East Orange Three-Family Residence

    Three-family property for sale in East Orange, New Jersey.

    7 Prospect Ter, East Orange, NJ 07017
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    Newer Two-Family Home in Elmora
    $1,179,000
    0.08 Acres

    Newer Two-Family Home in Elmora

    Spacious income-producing property with modern amenities and convenient location.

    433 Linden St, Elizabeth, NJ 07202
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    Income Property with Value-Add Potential
    $599,000

    Income Property with Value-Add Potential

    Income-producing property with potential, close to transportation and schools.

    53 Sunnyside Ter, East Orange, NJ 07018
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    East Orange Multifamily Home
    $950,000
    3,900 SF

    East Orange Multifamily Home

    New construction multifamily home in a prime East Orange location.

    130 N 17Th St, East Orange, NJ 07017
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    Two-Family Rebuild Opportunity
    $399,000

    Two-Family Rebuild Opportunity

    Approved plans for two-family property near universities and hospitals.

    259 Hale St, New Brunswick, NJ 08901
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    Proposed Mixed-Use Development Project
    $849,000
    6,660 SF

    Proposed Mixed-Use Development Project

    Proposed mixed-use development with commercial, office, and residential spaces.

    132 Belmont Ave, Belleville, NJ 07109
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    East Orange Commercial Building Opportunity
    Contact for pricing
    12,000 SF

    East Orange Commercial Building Opportunity

    12,000 SF commercial building suitable for school or mixed-use development.

    37 Evergreen Pl, East Orange, NJ 07018
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    High-Visibility Commercial Land Opportunity
    Contact for pricing

    High-Visibility Commercial Land Opportunity

    1.25-acre commercial site on heavily-trafficked Lake Street.

    119 W Lake St, Bloomingdale, IL 60108
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    Renovated Income-Producing Two-Family Home
    $899,000

    Renovated Income-Producing Two-Family Home

    Renovated 8-bedroom, 4-bath two-family home near NYC transportation.

    757 Thomas St, Elizabeth, NJ 07202
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    Sunlit Condo in Brittany Chase
    Contact for pricing

    Sunlit Condo in Brittany Chase

    2-bedroom, 2-bathroom condo with resort-style amenities.

    1007 Brittany Dr, Wayne, NJ 07470
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    Redeveloped Two-Family Home in Elizabeth
    $1,199,000

    Redeveloped Two-Family Home in Elizabeth

    Spacious, stylish income property near transportation and amenities.

    909 Monroe Ave, Elizabeth, NJ 07201
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    Established Children's Enrichment Destination
    Contact for pricing

    Established Children's Enrichment Destination

    Turnkey business in high-traffic Fort Lee location.

    2057 Hudson St, Fort Lee, NJ 07024
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    Ramsey Land For Sale
    Contact for pricing

    Ramsey Land For Sale

    1.23-acre property in Ramsey, great for investors.

    272 Myrtle Ave, Ramsey, NJ 07446
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    Renovated Income-Producing Property
    $845,999

    Renovated Income-Producing Property

    Renovated property with income potential, finished basement and attic.

    264 Harrison St, Paterson, NJ 07501
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    Renovated Multifamily Property Near Transportation
    $575,000
    2,384 SF

    Renovated Multifamily Property Near Transportation

    Nearly vacant, renovated multifamily property with expansion potential.

    101 Lafayette St, Paterson, NJ 07524
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    Turnkey 2-Unit Investment Property
    Contact for pricing
    1,000 SF

    Turnkey 2-Unit Investment Property

    Fully occupied multi-family generating immediate income in Newark, NJ.

    65 Stone St, Newark, NJ 07104
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    Income Property with Value-Add Potential
    Contact for pricing

    Income Property with Value-Add Potential

    Income-producing property with tenant, value-add potential, convenient location.

    53 Sunnyside Ter, East Orange, NJ 07018
    View details
    Bayonne Legal Three-Family Residence
    Contact for pricing

    Bayonne Legal Three-Family Residence

    Legal three-family home in Bayonne with rental income potential.

    81 West 55Th St, Bayonne, NJ 07002
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    For Lease (1)

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    Renovated Apartment Near George Washington Bridge
    Contact for pricing

    Renovated Apartment Near George Washington Bridge

    Completely renovated 2-bedroom apartment in prime Fort Lee location.

    2033 Edwin #2 Ft, Fort Lee, NJ 07024
    View details

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    Lencioni Real Estate LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lencioni Real Estate LLC
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