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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial real estate
1000 Main St Boonton, NJ 07005-1414
Entity Owned
Free & Clear
Property ID
US59-1130818
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
3,213 SF
Lot
0.03 ac (1,224 SF)
Zoning code
B-1
APN
01 00034-0000-00022- 01
UPID
US59-1130818
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
$565k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$600k
Owner & transaction history
Union Main Lw LLC
Union Main Lw LLC
since 2026
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
B-1 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$675,000
+7.4%
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 Boonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonton 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
$555,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$625,000
Current use
OFFICE BUILDING
$675,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $800k (Feb 20 2026)
Last sale anchor
$800k
Feb 20 2026
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
$187 / 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
$13,315
Tax year 2022
Assessed value
$418,200
Assessed 2023
Previous assessed
$418,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$116,000
Assessed improvement
$302,200
Land market value
$116,000
Improvement market value
$302,200
Total market value
$418,200
Applied tax rate
1.0000
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
1900
Construction
FRAME
Heating
NONE
Stories
3
Total area
3,213 SF
Lot
0.03 ac (1,224 SF)
Zoning code
B-1
APN
01 00034-0000-00022- 01
UPID
US59-1130818
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Boonton, NJ
Zoning B-1 · permitted uses
B-1 · Boonton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boonton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$625,000
OFFICE BUILDING
Est. value
$675,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1900
Construction
FRAME
Heating
NONE
Stories
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Union Main Lw LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1880 CENTURY PARK E, LOS ANGELES, CA 90067-1600
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$800,000
Union Main Lw LLC
Main Street Nj LLC
Deed
—
Dec 27, 2023
$485,000
Main Street Nj LLC
1000 Main Street LLC
Deed
—
Dec 29, 2022
—
1000 Main Street LLC
1000 Main Street II LLC
Intrafamily Transfer
related
—
Nov 12, 2021
—
1000 Main Street II LLC
1000 Main Street LLC
Intrafamily Transfer
related
—
Aug 5, 2015
—
1000 Main Street LLC
Pizzano,ramona
Grant Deed
related
—
Jan 5, 2015
—
1000 Main Street LLC
Pizzano Joseph M
Grant Deed
—
—
—
Joseph M Pizzano
—
Deed Of Trust
related
$64,000 · Lakeland 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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