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Property profile & analytics
FOR LEASE
Industrial properties
104 Dorsa Ave Livingston, NJ 07039
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1160578
For Lease
1 / 2
$1,670,000
104 Dorsa Ave, Livingston, NJ 07039
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
9,062 SF
Lot
0.86 ac (37,462 SF)
Zoning code
I
APN
10 00100-0000-00065
UPID
US59-1160578
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
Current use
Occupant on record · Public records
-
Lincare Home Health Care Service Medical Equipment Supplier
-
Foremost Services HVAC Service General Contractor
-
Design Aire Inc Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.67M
Owner & transaction history
Commerce Pk Invtrs III LLC · 8 yrs held
Commerce Pk Invtrs III LLC
since 2018
7 recorded transactions
Zoning & alternative use
I · Livingston, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+30.5%
Apartment house (5+ units)
$2.5M
+21.1%
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 Livingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livingston 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%
$1,730,000
6.5%
$1,600,000
7%
$1,485,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,045,000
Current use
COMMERCIAL (GENERAL)
$2,670,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,480,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,900,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±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
$184 / 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
$26,790
Tax year 2022
Assessed value
$1,148,300
Assessed 2023
Previous assessed
$1,148,300
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$309,600
Assessed improvement
$838,700
Land market value
$309,600
Improvement market value
$838,700
Total market value
$1,148,300
Applied tax rate
10.0000
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
For Lease
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
9,062 SF
Lot
0.86 ac (37,462 SF)
Zoning code
I
APN
10 00100-0000-00065
UPID
US59-1160578
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Livingston, NJ
Zoning I · permitted uses
I · Livingston, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Livingston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Commerce Pk Invtrs III LLC
Entity
Mailing address
15 WW ST, EAST HANOVER, NJ 07936-2822
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Commerce Park Investors III LLC
—
Deed
related
$2,325,000 · Provident Bank
Mar 8, 2019
—
Commerce Pk Invtrs III LLC
—
Deed
related
$250,000 · First Bk
Sep 28, 2018
—
Commerce Pk Invtrs III LLC
—
Deed
related
$3,400,000 · Summit Cap Ptrs LP
May 3, 2018
—
Commerce Pk Invtrs III LLC
Dorsa Props LLC
Deed In Lieu Of Foreclosure
related
$550,000 · Summit Cap Ptrs LP
—
—
Commerce Pk Invtrs III LLC
—
Deed Of Trust
related
$3,400,000 · Summit Cap Ptrs LP
—
—
Commerce Pk Invtrs III LLC
—
Deed Of Trust
related
$750,000 · First Bk
—
—
Commerce Pk Invtrs III LLC
—
Deed Of Trust
related
$250,000 · First Bk
—
—
Park Invtrs III LLC
—
Deed Of Trust
related
$550,000 · Summit Cap Ptrs LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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