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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Commercial real estate
1088 Riv Rd, Edgewater, NJ 07020-1313
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1441996
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
1,594 SF
Lot
0.08 ac (3,498 SF)
APN
13 00034-0000-00033
UPID
US59-1441996
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
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$1.03M
Owner & transaction history
Tarek Mousa · 2 yrs held
Tarek Mousa
since 2023
Last sale
$995,000
7 recorded transactions
Zoning & alternative use
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$1,065,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $995k (Sep 5 2023)
Last sale anchor
$995k
Sep 5 2023
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
$646 / 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
$8,937
Tax year 2022
Assessed value
$510,000
Assessed 2023
Previous assessed
$510,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$406,100
Assessed improvement
$103,900
Land market value
$406,100
Improvement market value
$103,900
Total market value
$510,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Total area
1,594 SF
Lot
0.08 ac (3,498 SF)
APN
13 00034-0000-00033
UPID
US59-1441996
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Tarek Mousa
Individual
Mailing address
1088 RIV RD, EDGEWATER, NJ 07020-1313
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2024
—
Bansilal Papaiva
—
Deed
related
$760,000 · Crosscountry Mortgage LLC
Sep 5, 2023
$995,000
Tarek Mousa
John Mitchell
Deed
$726,000 · New American Funding
Dec 24, 1997
$119,000
John Mitchell
Security Nationa
Grant Deed
$95,200 · Imperial Home Loans
—
—
John Mitchell
—
Deed Of Trust
related
$100,000 · Washington Mutual Fsb
—
—
John Mitchell
—
Deed Of Trust
related
$203,000 · J P Morgan Chase Bank
—
—
John Mitchell
—
Deed Of Trust
related
$210,000 · Washington Mutual Fsb
—
—
John Mitchell
—
Deed Of Trust
related
$50,000 · Allegheny Mutual Casualty Co
—
—
John Mitchell
—
Deed Of Trust
related
$59,100 · Allegheny Mutual Casualty Co
—
—
John Mitchell
—
Deed Of Trust
related
$200,000 · Allegheny Mutual Casualty Co
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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