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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Commercial real estate
10 Millpond Dr Lafayette, NJ 07848-3824
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0987054
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
11,980 SF
Lot
4.49 ac (195,584 SF)
Zoning code
HC
APN
13 00005- 02-00013- 01
UPID
US59-0987054
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
James Fab & Performance Auto Repair Shop
-
Teesing USA LLC Big Box & Wholesale Store
-
Garden State Plumbing & Heating Plumbing Service General Contractor
-
Thermco Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.49M
Owner & transaction history
First Hope Bank · 4 yrs held
First Hope Bank
since 2021
7 recorded transactions
Zoning & alternative use
HC · Lafayette, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$42,276
Tax year 2022
Assessed value
$1,490,700
Assessed 2023
Previous assessed
$1,490,700
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$394,500
Assessed improvement
$1,096,200
Land market value
$394,500
Improvement market value
$1,096,200
Total market value
$1,490,700
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
11,980 SF
Lot
4.49 ac (195,584 SF)
Zoning code
HC
APN
13 00005- 02-00013- 01
UPID
US59-0987054
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Lafayette, NJ
Zoning HC · permitted uses
HC · Lafayette, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.49 ac
Current owner
From public records · entity-resolved
First Hope Bank
Entity
Mailing address
1 MAIN ST STE #9, SPARTA, NJ 07871-1984
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
First Hope Bank
10 Millpond Drive LLC
Assignment Of Lease (leasehold Sale)
$1,145,600 · First Hope Bank
Mar 13, 2014
—
10 Millpond Drive LLC
—
Grant Deed
related
$1,500,000 · Lakeland Bk
Dec 16, 2013
$769,998
10 Millpond Drive LLC
One Main Street Sparta LLC
Grant Deed
—
Sep 14, 2004
—
One Main Street Sparta LLC
—
Trustees Deed
related
$1,300,000 · Kearny Fsb
—
—
10 Millpond Drive LLC
—
Deed Of Trust
related
$900,000 · Lakeland Bank
—
—
One Main Street Sparta LLC
—
Deed Of Trust
related
$900,000 · Newton Trust Co
—
—
Milton Construction Corp
—
Deed Of Trust
related
$270,000 · One Main Street Sparta LLC
—
—
One Main Street LLC
—
Deed Of Trust
related
$23,404 · Newton Trust Co
—
—
One Main Street Sparta LLC
—
Deed Of Trust
related
$1,300,000 · Kearny Fsb
—
—
One Main Street Sparta LLC
—
Deed Of Trust
related
$1,111,324 · Kearny Fsb
—
—
One Main Street Sparta LLC
—
Deed Of Trust
related
$1,021,369 · Kearny Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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