Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
109 William St Boonton, NJ 07005
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1228058
For Sale
1 / 15
$615,000
109 William St, Boonton, NJ 07005
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
TYPE NOT SPECIFIED
Total area
3,461 SF
Lot
0.12 ac (5,184 SF)
Zoning code
B-1
APN
01 00003-0000-00003- 02
UPID
US59-1228058
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
$695k
CAP Approach
CAP
$390k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$615k
Owner & transaction history
109 William Street Boonton LLC · 3 yrs held
109 William Street Boonton LLC
since 2022
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
B-1 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$725,000
+7.4%
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 Boonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonton 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
$675,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$425,000
6.5%
$390,000
7%
$365,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Current use
OFFICE BUILDING
$725,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $600k (Aug 16 2022)
Last sale anchor
$600k
Aug 16 2022
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
$178 / 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
$15,627
Tax year 2022
Assessed value
$490,800
Assessed 2023
Previous assessed
$490,800
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$212,800
Assessed improvement
$278,000
Land market value
$212,800
Improvement market value
$278,000
Total market value
$490,800
Applied tax rate
1.0000
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 Sale
Year built
1930
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
3,461 SF
Lot
0.12 ac (5,184 SF)
Zoning code
B-1
APN
01 00003-0000-00003- 02
UPID
US59-1228058
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Boonton, NJ
Zoning B-1 · permitted uses
B-1 · Boonton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boonton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL) Current
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
Year built
1930
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
109 William Street Boonton LLC
Entity
Free & Clear · 3 yrs held
Mailing address
14 MYRTLE AVE, EDGEWATER, NJ 07020-1405
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
109 William Street Boonton LLC
Carol Fragale
Quit Claim Deed
—
Aug 16, 2022
$600,000
109 William Street Boonton LLC
Frank Walka
Deed
$500,000 · Frank Walka Family Trust
Feb 25, 2013
—
Walka Frank Family Trust
Fragale,carol
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
