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Property profile & analytics
OFF-MARKET
Estimated value
$4,120,000
Commercial real estate
10 State Rte 10th W Succasunna, NJ 07876-1724
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1940270
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Construction
CONCRETE BLOCKS
Total area
37,251 SF
Lot
0.36 ac (15,786 SF)
Zoning code
B-2
APN
36 01902-0000-00005
UPID
US59-1940270
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.21M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$4.12M
Owner & transaction history
Store Master Funding Xiv LLC · 8 yrs held
Store Master Funding Xiv LLC
since 2018
5 recorded transactions
Zoning & alternative use
B-2 · Succasunna, 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 Succasunna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Succasunna 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%
$4,560,000
6.5%
$4,205,000
7%
$3,905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,660,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±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
$111 / 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
$111,619
Tax year 2022
Assessed value
$4,164,900
Assessed 2023
Previous assessed
$4,164,900
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$228,500
Assessed improvement
$3,936,400
Land market value
$228,500
Improvement market value
$3,936,400
Total market value
$4,164,900
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Year built
1946
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
37,251 SF
Lot
0.36 ac (15,786 SF)
Zoning code
B-2
APN
36 01902-0000-00005
UPID
US59-1940270
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Succasunna, NJZoning B-2 · permitted uses
B-2 · Succasunna, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$6.7M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Store Master Funding Xiv LLC
Entity
Mailing address
10 STATE RTE 10TH W, SUCCASUNNA, NJ 07876-1724
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2018
$4,375,000
Store Master Funding Xiv LLC
Canfield Realty LLC
Warranty Deed
$50,000 · Citibank
Apr 7, 2016
—
Canfield Realty LLC
Luthy,kenneth X
Grant Deed
related
—
Apr 18, 2012
—
Patricia G Luthy
Luthy,kenneth X
Quit Claim Deed
related
—
Apr 26, 2011
—
Kenneth X Luthy
Luthy,patricia G
Quit Claim Deed
related
—
—
—
Kenneth X Luthy
—
Deed Of Trust
related
$825,000 · Heritage Community Bank
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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