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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Commercial real estate
1072 Raritan Rd Clark, NJ 07066
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0948911
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1953
Construction
FRAME
Total area
3,468 SF
Lot
0.34 ac (15,002 SF)
Zoning code
CN
APN
02 00060-0000-00063
UPID
US59-0948911
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
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Raritan Road Holdings Urban Renewal · 2 yrs held
Raritan Road Holdings Urban Renewal
since 2024
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
CN · Clark, 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 Clark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clark 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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (May 28 2024)
Last sale anchor
$3.00M
May 28 2024
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
$865 / 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
$12,615
Tax year 2022
Assessed value
$595,600
Assessed 2023
Previous assessed
$595,600
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$330,000
Assessed improvement
$265,600
Land market value
$330,000
Improvement market value
$265,600
Total market value
$595,600
Applied tax rate
2.0000
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
1953
Construction
FRAME
Heating
NONE
Stories
2
Total area
3,468 SF
Lot
0.34 ac (15,002 SF)
Zoning code
CN
APN
02 00060-0000-00063
UPID
US59-0948911
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CN · Clark, NJ
Zoning CN · permitted uses
CN · Clark, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Raritan Road Holdings Urban Renewal
Entity
Free & Clear · 2 yrs held
Mailing address
26 W 17TH ST STE #801, NEW YORK, NY 10011-5787
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Raritan Road Holdings Urban Renewal
Raritan Road Holdings Urban Renewal
Intrafamily Transfer
related
—
Mar 7, 2023
—
Raritan Road Holdings Urban Renewal
Raritan Road Holdings LLC
Intrafamily Transfer
related
—
Oct 26, 2022
$3,000,000
Raritan Road Holdings LLC
1088 Raritan Road LLC
Deed
—
Apr 4, 2022
—
1088 Raritan Road LLC
Anthony L Ginesi
Deed
—
Oct 28, 2019
$625,000
Anthony L Ginesi
August Granrath SR.
Grant Deed
—
Mar 1, 2010
—
Mariann Granrath
Granrath Robert
Quit Claim Deed
related
—
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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