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Property profile & analytics
OFF-MARKET
Estimated value
$44,705,000
Industrial properties
100 Cmns Way, Rockaway, NJ 07866-2038
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1730296
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
278,943 SF
Lot
45.85 ac (1,997,226 SF)
Zoning code
PED
APN
35 22401-0000-00003- 04
UPID
US59-1730296
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
$48.17M
Comparable Approach
Comparable
$50.20M
Blend (final)
Blend
$44.71M
Owner & transaction history
Ivy Commons Property LLC · 4 yrs held
Ivy Commons Property LLC
since 2022
Last sale
$39.0M
4 recorded transactions
Zoning & alternative use
PED · Rockaway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$58.4M
+17.2%
Commercial (general)
$57.9M
+16.2%
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 Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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
$47,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,180,000
6.5%
$48,170,000
7%
$44,730,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$49,865,000
Current use
OFFICE BUILDING
$58,420,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$57,920,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$44.71M
Range $40.23M – $49.18M · ±10% · vs last sale $39.00M (Feb 18 2022)
Last sale anchor
$39.00M
Feb 18 2022
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
$160 / 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
$733,661
Tax year 2022
Assessed value
$31,762,800
Assessed 2023
Previous assessed
$26,953,000
+17.8% YoY
Effective rate
2.31%
On assessed value
Assessed land
$5,444,700
Assessed improvement
$26,318,100
Land market value
$5,444,700
Improvement market value
$26,318,100
Total market value
$31,762,800
Applied tax rate
35.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Units
1
Total area
278,943 SF
Lot
45.85 ac (1,997,226 SF)
Zoning code
PED
APN
35 22401-0000-00003- 04
UPID
US59-1730296
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
PED · Rockaway, NJ
Zoning PED · permitted uses
PED · Rockaway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$49.9M
OFFICE BUILDING
Est. value
$58.4M
COMMERCIAL (GENERAL)
Est. value
$57.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (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
Heating
NONE
Units
1
Lot
45.85 ac
Current owner
From public records · entity-resolved
Ivy Commons Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
102 CHESTNUT RDG RD #204, MONTVALE, NJ 07645-1856
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$39,000,000
Ivy Commons Property LLC
100 Commons Way Holdings LLC
Bargain And Sale Deed
—
Apr 30, 2020
$26,000,000
100 Commons Way Holdings LLC
100 Commons Way LLC
Grant Deed
—
Jan 7, 2015
$2,100,000
Rockaway 2014 LLC
North Jersey Media Group INC
Bargain And Sale Deed
—
—
—
Commons Way Holdings LLC
—
Deed Of Trust
related
$22,100,000 · Univest Bk & Tr Co
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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