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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Hotels
111 Main St Chester, NJ 07930-2532
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0621518
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1895
Construction
FRAME
Total area
18,416 SF
Lot
2.4 ac (104,544 SF)
Zoning code
B-1
APN
06 00107-0000-00017
UPID
US59-0621518
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
Current use
Occupant on record · Public records
-
Public House Hotel Hotel & Motel
-
PH Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.78M
Owner & transaction history
111 Main St Associates LLC · 3 yrs held
111 Main St Associates LLC
since 2022
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
B-1 · Chester, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+117.9%
Commercial (general)
$2.3M
+73.4%
Industrial (general)
$1.4M
+4.7%
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
$2,115,000
ML approach
$2,120,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,580,000
7%
$1,470,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,335,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,910,000
Change: +118% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,320,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,400,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $1.75M (Aug 31 2022)
Last sale anchor
$1.75M
Aug 31 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
$96 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$50,117
Tax year 2023
Assessed value
$1,992,000
Assessed 2024
Previous assessed
$1,992,000
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$679,500
Assessed improvement
$1,312,500
Land market value
$679,500
Improvement market value
$1,312,500
Total market value
$1,992,000
Applied tax rate
6.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
NONE
Stories
3
Total area
18,416 SF
Lot
2.4 ac (104,544 SF)
Zoning code
B-1
APN
06 00107-0000-00017
UPID
US59-0621518
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Chester, NJ
Zoning B-1 · permitted uses
B-1 · Chester, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1895
Construction
FRAME
Heating
NONE
Stories
3
Lot
2.4 ac
Current owner
From public records · entity-resolved
111 Main St Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 401, LONG VALLEY, NJ 07853-0401
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 31, 2022
—
111 Main St Associates LLC
Chester Public House LLC
Deed In Lieu Of Foreclosure
related
—
Aug 24, 2017
$4,150,000
Chester Public House LLC
Publick House Holdings LLC
Dual Purpose Document
related
$3,000,000 · Rsi Bk
Oct 2, 2007
$1,750,000
Publick House Holdings LLC
Aj Weite Enterprises LLC
Deed
$3,000,000 · Commerce Bank NA
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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