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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Residential income homes
115 Boonton Ave 129 Butler, NJ 07405-1455
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1821514
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Lot
1.16 ac (50,530 SF)
Zoning code
R-6
APN
03 00035-0000-00022
UPID
US59-1821514
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Butler Gardens LLC
Butler Gardens LLC
1 recorded transaction
Zoning & alternative use
R-6 · Butler, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng Areas and Minimum Buffer Widths Land Use Ordinance - Borough of Butler Zone From Buildings [1][5] From Street R.O.W. From Property Lines From Residential Districts Buffer Width [6] R-1 thru R-5 [2] 10’ 10’ 25’ 25’ 25 R-6 20’ 50’ 10’ 50’ 50’ R-7 20’ 50’ 20’ 50’ 50’ R-8 20’ 50’ 10’ 50’ 50’ SC 10’ 10’ 10’ 10’ 10’ CBD 10’ 10’ 25’ 10’ 10’ HC 5’ [3] 25’ 10’ [4]…
Zone name
Residence
General category
INDUSTRIAL
Zone area
2.39 ac
Source
Butler, NJ
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 Butler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Butler 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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
—
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
$80,318
Tax year 2022
Assessed value
$3,126,900
Assessed 2023
Previous assessed
$3,126,900
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$1,140,000
Assessed improvement
$1,986,900
Land market value
$1,140,000
Improvement market value
$1,986,900
Total market value
$3,126,900
Applied tax rate
3.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
1.16 ac (50,530 SF)
Zoning code
R-6
APN
03 00035-0000-00022
UPID
US59-1821514
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-6 · Butler, NJZoning R-6 · permitted uses
R-6 · Butler, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng Areas and Minimum Buffer Widths Land Use Ordinance - Borough of Butler Zone From Buildings [1][5] From Street R.O.W. From Property Lines From Residential Districts Buffer Width [6] R-1 thru R-5 [2] 10’ 10’ 25’ 25’ 25 R-6 20’ 50’ 10’ 50’ 50’ R-7 20’ 50’ 20’ 50’ 50’ R-8 20’ 50’ 10’ 50’ 50’ SC 10’ 10’ 10’ 10’ 10’ CBD 10’ 10’ 25’ 10’ 10’ HC 5’ [3] 25’ 10’ [4] 50’ 50’ LI 5’ [3] 50’ 25’ 75’ 75’ LI/CBD 5’ [3] 10’ 10’ 25’ 25’ [1] Loading areas
Zone name
Residence
General category
INDUSTRIAL
Zone area
2.39 ac
Source
Butler, NJ
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Butler Gardens LLC
Entity
Mailing address
820 MORRIS TPKE AVE, SCHOOLEYS MOUNTAIN, NJ 07870
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Butler Gardens LLC
—
Deed Of Trust
related
$8,500,000 · Miscellaneous Ins Co
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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