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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Commercial real estate
109 Ruth St Stanhope, NJ 07874
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0819696
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
3,260 SF
Lot
1 ac (43,560 SF)
Zoning code
VB
APN
04 00070-0000-00009
UPID
US59-0819696
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
$635k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$610k
Owner & transaction history
Salt 109 LLC · 2 yrs held
Salt 109 LLC
since 2023
Last sale
$735,000
5 recorded transactions
Zoning & alternative use
VB · Stanhope, 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 Stanhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanhope 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
$630,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $735k (Oct 10 2023)
Last sale anchor
$735k
Oct 10 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
$187 / 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
$19,943
Tax year 2022
Assessed value
$544,900
Assessed 2023
Previous assessed
$544,900
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$115,000
Assessed improvement
$429,900
Land market value
$115,000
Improvement market value
$429,900
Total market value
$544,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Construction
FRAME
Heating
NONE
Stories
1
Total area
3,260 SF
Lot
1 ac (43,560 SF)
Zoning code
VB
APN
04 00070-0000-00009
UPID
US59-0819696
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
VB · Stanhope, NJ
Zoning VB · permitted uses
VB · Stanhope, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stanhope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Salt 109 LLC
Entity
Mailing address
6 WESTBELT, WAYNE, NJ 07470-6810
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
$735,000
Salt 109 LLC
Bula World Holdings LLC
Deed
—
Jan 7, 2008
$600,000
Bula World Holdings LLC
Stonehouse
Grant Deed
related
$802,000 · Comerica Bank
—
—
Stonehouse Corp
—
Deed Of Trust
related
$125,000 · Greenpoint Mortgage Funding
—
—
Bula World Holdings LLC
—
Deed Of Trust
related
$802,000 · Comerica Bank
—
—
Stonehouse
—
Deed Of Trust
related
$186,000 · Interbay Funding LLC
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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