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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
1093 Greenwood Lk Tpke Ringwood, NJ 07456-1403
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0855545
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
3,434 SF
Lot
1.11 ac (48,352 SF)
APN
11 00310-0000-00003
UPID
US59-0855545
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
$780k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$785k
Owner & transaction history
Merced Manor LLC · 3 yrs held
Merced Manor LLC
since 2022
Last sale
$785,000
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 Ringwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ringwood 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
$795,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
OFFICE BUILDING
$630,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $785k (Nov 16 2022)
Last sale anchor
$785k
Nov 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
$229 / 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
$18,239
Tax year 2022
Assessed value
$460,000
Assessed 2023
Previous assessed
$460,000
+0.0% YoY
Effective rate
3.97%
On assessed value
Assessed land
$285,000
Assessed improvement
$175,000
Land market value
$285,000
Improvement market value
$175,000
Total market value
$460,000
Applied tax rate
11.0000
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
Heating
NONE
Total area
3,434 SF
Lot
1.11 ac (48,352 SF)
APN
11 00310-0000-00003
UPID
US59-0855545
Jurisdiction
PASSAIC
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$655,000
OFFICE BUILDING
Est. value
$630,000
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
1920
Heating
NONE
Lot
1.11 ac
Current owner
From public records · entity-resolved
Merced Manor LLC
Entity
Mailing address
1093 GREENWOOD LK TPKE, RINGWOOD, NJ 07456-1403
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$785,000
Merced Manor LLC
Monksville Mountain House LLC
Deed
$588,750 · Unity Bank
Jan 8, 2021
$480,000
Monksville Mountain House LLC
Greenwood Lake Turnpike L 1503
Grant Deed
—
Nov 25, 2020
—
1503 Greenwood Lake Turnpike L
—
Deed
related
$325,000 · Lakeland Bk
Aug 26, 2003
$600,000
1503 Greenwood Lake Turnpike
Hearle,john
Grant Deed
$480,000 · Lakeland Bank
—
—
1503 Greenwood Lake Tpke LLC
—
Deed Of Trust
related
$325,000 · Lakeland Bank
—
—
John W Hearle
—
Deed Of Trust
related
$125,000 · Lakeland Bank
—
—
Charles W Wright
—
Deed Of Trust
related
$95,000 · Countrywide Home Loans INC
—
—
1503 Greenwood Lake Turnpike L
—
Deed Of Trust
related
$325,000 · Lakeland Bk
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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