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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Office Spaces
1010 Park Ave Ste 1 Plainfield, NJ 07060-3014
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3073214
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1963
Total area
13,038 SF
Lot
1.31 ac (57,267 SF)
Zoning code
PO-1
APN
12 00724-0000-00002- 01
UPID
US59-3073214
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
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Our Communities Matter INC · 5 yrs held
Our Communities Matter INC
since 2021
Last sale
$945,000
3 recorded transactions
Zoning & alternative use
PO-1 · Plainfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To accommodate offices, medical facilities, and compatible residential dwellings in a professional setting
Zone name
Professional Office 1
General category
RESIDENTIAL
Zone area
54.20 ac
Source
Realmo
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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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
$1,215,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $945k (Jan 14 2021)
Last sale anchor
$945k
Jan 14 2021
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
$83 / 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
$804
Tax year 2022
Assessed value
$9,500
Assessed 2023
Previous assessed
$9,500
+0.0% YoY
Effective rate
8.46%
On assessed value
Assessed land
$4,700
Assessed improvement
$4,800
Land market value
$4,700
Improvement market value
$4,800
Total market value
$9,500
Applied tax rate
12.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1963
Heating
NONE
Total area
13,038 SF
Lot
1.31 ac (57,267 SF)
Zoning code
PO-1
APN
12 00724-0000-00002- 01
UPID
US59-3073214
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
PO-1 · Plainfield, NJZoning PO-1 · permitted uses
PO-1 · Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To accommodate offices, medical facilities, and compatible residential dwellings in a professional setting
Zone name
Professional Office 1
General category
RESIDENTIAL
Zone area
54.20 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Lot
1.31 ac
Current owner
From public records · entity-resolved
Our Communities Matter INC
Entity
Mailing address
1010 PARK AVE STE #2, PLAINFIELD, NJ 07060-3014
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$945,000
Our Communities Matter INC
Saxena Properties LLC
Grant Deed
$295,000 · Saxena Properties LLC
Sep 18, 2001
$12,980
Primera Iglesia Bautista Hispa
Quest Diagnostics INC
Grant Deed
$269,000 · Christian Community Cu
—
—
Saxena Properties LLC
—
Deed Of Trust
related
$552,000 · Wachovia Bank NA
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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