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Property profile & analytics
FOR LEASE
Commercial real estate
1064 S Main St, West Creek, NJ 08092
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1903405
For Lease
1 / 20
$2,380,000
1064 S Main St, West Creek, NJ 08092
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
13,804 SF
Lot
2.37 ac (103,237 SF)
Zoning code
RA4
APN
31 00128- 03-00001
UPID
US59-1903405
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
$2.47M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.38M
Owner & transaction history
45 Avon Property LLC · 5 yrs held
45 Avon Property LLC
since 2021
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
RA4 · West Creek, 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 West Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Creek 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
$2,385,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
$2,655,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,915,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$3,280,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10% · vs last sale $2.00M (Jun 28 2021)
Last sale anchor
$2.00M
Jun 28 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
$172 / 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
$37,264
Tax year 2022
Assessed value
$1,583,000
Assessed 2023
Previous assessed
$1,583,000
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$242,200
Assessed improvement
$1,340,800
Land market value
$242,200
Improvement market value
$1,340,800
Total market value
$1,583,000
Applied tax rate
31.0000
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
For Lease
Heating
NONE
Stories
2
Units
1
Total area
13,804 SF
Lot
2.37 ac (103,237 SF)
Zoning code
RA4
APN
31 00128- 03-00001
UPID
US59-1903405
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RA4 · West Creek, NJ
Zoning RA4 · permitted uses
RA4 · West Creek, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.3M
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
Heating
NONE
Stories
2
Units
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
45 Avon Property LLC
Entity
Free & Clear · 5 yrs held
Mailing address
295 WHITFORD AVE, NUTLEY, NJ 07110-1818
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
$2,000,000
45 Avon Property LLC
The Mageo Company LLC
Bargain And Sale Deed
—
Sep 16, 2002
$240,000
Mageo Co LLC
Royce Run Associates LLC
Grant Deed
—
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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