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Property profile & analytics
FOR SALE
Office buildings
100 Old Palisade Rd CU1, Fort Lee, NJ 07024
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2850756
$249,000
100 Old Palisade Rd,Unit CU1, Fort Lee, NJ 07024
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
653 SF
Lot
4.88 ac (212,573 SF)
Zoning code
R12
APN
19 03352-0000-00003-0000-CCU01
UPID
US59-2850756
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sowon Joo · 17 yrs held
Sowon Joo
since 2008
7 recorded transactions
Zoning & alternative use
R12 · Fort Lee, 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 Fort Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lee 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,164
Tax year 2023
Assessed value
$330,000
Assessed 2024
Previous assessed
$330,000
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$198,000
Assessed improvement
$132,000
Land market value
$198,000
Improvement market value
$132,000
Total market value
$330,000
Applied tax rate
19.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2003
Heating
NONE
Total area
653 SF
Lot
4.88 ac (212,573 SF)
Zoning code
R12
APN
19 03352-0000-00003-0000-CCU01
UPID
US59-2850756
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R12 · Fort Lee, NJ
Zoning R12 · permitted uses
R12 · Fort Lee, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
4.88 ac
Current owner
From public records · entity-resolved
Sowon Joo
Individual
Mailing address
573 WESTWOOD AVE, RIVER VALE, NJ 07675-5548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
58 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2008
$320,000
Sowon Joo
Lee,james J & Hea J
Grant Deed
$220,000 · Woori America Bank
Dec 27, 2005
$315,000
Hea J Lee
100 Old Palisade LLC
Grant Deed
$1,300,000 · Royal Bank America
—
—
Annchoon J Lim
—
Deed Of Trust
related
$275,250 · Countrywide Bank
—
—
Kevin C Gore
—
Deed Of Trust
related
$600,000 · Bob Pasker
—
—
Jung H Han
—
Deed Of Trust
related
$697,200 · J P Morgan Chase Bank
—
—
Jhoung Sei
—
Deed Of Trust
related
$504,000 · Wells Fargo Bank
—
—
Nam Saera
—
Deed Of Trust
related
$200,000 · Td Banknorth NA
—
—
William K Cho
—
Deed Of Trust
related
$300,000 · Lendingtree Loans
—
—
Leonid Zgut
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
—
—
Jung Hee Kim
—
Deed Of Trust
related
$455,000 · Hudson City Savings Bank
—
—
Min Kyung Oh
—
Deed Of Trust
related
$300,000 · First Meridian Mortgage
—
—
Pamo Jethani
—
Deed Of Trust
related
$350,000 · Wachovia Mortgage Co
—
—
You Chang Yul
—
Deed Of Trust
related
$200,000 · World Savings Bank
—
—
Ju Sohng
—
Deed Of Trust
related
$243,000 · Hsbc Mortgage Corp (usa)
—
—
Solomon Tennenhaus
—
Deed Of Trust
related
$75,000 · Greenpoint Mortgage Funding
—
—
Solomon Tennenhaus
—
Deed Of Trust
related
$657,850 · Greenpoint Mortgage Funding
—
—
Roberta Friedman
—
Deed Of Trust
related
$37,400 · First Meridian Mortgage
—
—
Kyung H Lee
—
Deed Of Trust
related
$345,000 · Wells Fargo Bank
—
—
Shane Loughran
—
Deed Of Trust
related
$100,000 · J P Morgan Chase Bank
—
—
Chang Soo Jung
—
Deed Of Trust
related
$99,500 · J P Morgan Chase Bank
—
—
Maria Isabel Freire
—
Deed Of Trust
related
$253,275 · Ahm Mortgage
—
—
Ok Nym Schuler
—
Deed Of Trust
related
$184,500 · American Brokers Conduit
—
—
Roberta Friedman
—
Deed Of Trust
related
$299,200 · First Meridian Mortgage
—
—
Won Hwa Hong
—
Deed Of Trust
related
$313,500 · M & T Mortgage Corp
—
—
Robert Driscoll
—
Deed Of Trust
related
$311,200 · New York Mortgage Co LLC
—
—
Kenneth Anthony Guiffre
—
Deed Of Trust
related
$82,680 · J P Morgan Chase Bank
—
—
Brian Lee
—
Deed Of Trust
related
$398,500 · Countrywide Bank
—
—
Maria A Judilla
—
Deed Of Trust
related
$430,000 · Fremont Mortgage
—
—
Shim Kevin
—
Deed Of Trust
related
$65,000 · Wells Fargo Bank
—
—
Jorge L Paredes
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Solomon Tennenhaus
—
Deed Of Trust
related
$657,850 · Greenpoint Mortgage Funding
—
—
Elena N Chabala
—
Deed Of Trust
related
$68,000 · Hsbc Mortgage Corp (usa)
—
—
Norman Weitzman
—
Deed Of Trust
related
$996,000 · Merrill Lynch Credit Corp
—
—
Kee Won Chung
—
Deed Of Trust
related
$89,750 · Hsbc Mortgage Corp (usa)
—
—
Susan Seo
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Sakhe Ahmed Farooq
—
Deed Of Trust
related
$442,320 · Wells Fargo Bank
—
—
Nam Chihun
—
Deed Of Trust
related
$257,000 · Bank Of America NA
—
—
Stephanie Sauter
—
Deed Of Trust
related
$284,700 · Commonwealth United Mtg Co
—
—
Sonia Lee
—
Deed Of Trust
related
$417,000 · J P Morgan Chase Bank
—
—
Sowon Joo
—
Deed Of Trust
related
$150,000 · Woori America Bk
—
—
Soo J Kim
—
Deed Of Trust
related
$528,000 · First Meridian Mortgage
—
—
Yoonso Moon
—
Deed Of Trust
related
$300,000 · Wells Fargo Bank
—
—
Hany Benjamin
—
Deed Of Trust
related
$520,000 · J P Morgan Chase Bank
—
—
Sae K Kim
—
Deed Of Trust
related
$200,000 · Pnc Bank
—
—
Erick Kostuchek
—
Deed Of Trust
related
$331,000 · Gmac Mortgage Corp
—
—
Steven Friedman
—
Deed Of Trust
related
$242,000 · Wells Fargo Bank
—
—
Freire Maria Isabel
—
Deed Of Trust
related
$272,200 · Countrywide Home Loans INC
—
—
Sei C Jhoung
—
Deed Of Trust
related
$63,000 · Wells Fargo Bank
—
—
Munsuk Chan
—
Deed Of Trust
related
$359,000 · Wells Fargo Bank
—
—
Christina Min
—
Deed Of Trust
related
$320,000 · Wells Fargo Bank
—
—
Kim Yong Cheul
—
Deed Of Trust
related
$360,000 · Indymac Bank Fsb
—
—
Mary Chancis
—
Deed Of Trust
related
$12,600 · Bank Of America
—
—
Jung Hee Kim
—
Deed Of Trust
related
$349,700 · Gmac Mortgage Corp
—
—
Thomas L Zambelli
—
Deed Of Trust
related
$417,000 · J P Morgan Chase Bank
—
—
Lydia Jeong
—
Deed Of Trust
related
$45,000 · Fleet National Bank
—
—
Seong S Kim
—
Deed Of Trust
related
$265,300 · Hudson City Savings Bank
—
—
William K Cho
—
Deed Of Trust
related
$37,500 · Lendingtree Loans
—
—
Robert Driscoll
—
Deed Of Trust
related
$38,900 · New York Mortgage Co LLC
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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