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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Commercial real estate
114 Essex St Rochelle Park, NJ 07662-4335
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2932249
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
CONCRETE BLOCKS
Total area
20,496 SF
Lot
0.55 ac (24,002 SF)
APN
54 00002-0000-00025
UPID
US59-2932249
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
-
Long Rachel A Law Firm
-
Eli Adams Jewelers (Bike/Boat/Book/etc) Store
-
PuffCity Smoke Shop | Rochelle Park, NJ (Bike/Boat/Book/etc) Store
-
Ann M Wry MD Physician
-
Agg Engineering Corp Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$3.91M
Owner & transaction history
Sail Hammer Realty · 17 yrs held
Sail Hammer Realty
since 2009
4 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 Rochelle Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochelle Park 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,765,000
6.5%
$4,400,000
7%
$4,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,000,000
Current use
OFFICE BUILDING
$4,950,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±10%
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
$191 / 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
$93,626
Tax year 2022
Assessed value
$3,410,800
Assessed 2023
Previous assessed
$3,410,800
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$632,000
Assessed improvement
$2,778,800
Land market value
$632,000
Improvement market value
$2,778,800
Total market value
$3,410,800
Applied tax rate
54.0000
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
Off-Market
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
20,496 SF
Lot
0.55 ac (24,002 SF)
APN
54 00002-0000-00025
UPID
US59-2932249
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.0M
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
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Sail Hammer Realty
Entity
Mailing address
231 CURLEY CT, PARAMUS, NJ 07652-1632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2017
—
Sail Hammer Realty LLC
—
Deed
related
$1,100,000 · Community Bank Of Bergen County Nj
Jun 26, 2009
$3,350,000
Sail Hammer Realty
Rochelle Park Med Realty LLC
Grant Deed
$1,500,000 · Boiling Spring Savings & Loan
Sep 19, 2006
$2,700,000
Rochelle Park Med Realty LLC
Nalbandian Associates LLC
Grant Deed
$2,000,000 · Dime Savings Bank Williamsburg
—
—
John U Shandanian
—
Deed Of Trust
related
$225,000 · Bank Of New Jersey
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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