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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Commercial real estate
116 Main St Hackettstown, NJ 07840-1930
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1477677
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
3,834 SF
Lot
0.12 ac (5,227 SF)
Zoning code
TCC
APN
08 00074-0000-00003
UPID
US59-1477677
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
$850k
CAP Approach
CAP
$855k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Karoun Holdings LLC · 3 yrs held
Karoun Holdings LLC
since 2022
Last sale
$817,500
7 recorded transactions
Zoning & alternative use
TCC · Hackettstown, NJ
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 Hackettstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackettstown 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
$870,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$790,000
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $818k (Dec 15 2022)
Last sale anchor
$818k
Dec 15 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
$219 / 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
$10,265
Tax year 2022
Assessed value
$314,500
Assessed 2023
Previous assessed
$314,500
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$168,000
Assessed improvement
$146,500
Land market value
$168,000
Improvement market value
$146,500
Total market value
$314,500
Applied tax rate
8.0000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
3,834 SF
Lot
0.12 ac (5,227 SF)
Zoning code
TCC
APN
08 00074-0000-00003
UPID
US59-1477677
Jurisdiction
WARREN
Zoning & alternative use
TCC · Hackettstown, NJ
Zoning TCC · permitted uses
TCC · Hackettstown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hackettstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Karoun Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15300 BOTHELL WAY NE #118, LAKE FOREST PARK, WA 98155-7634
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$817,500
Karoun Holdings LLC
Manufacturers And Traders Trust Com
Bargain And Sale Deed
—
Jun 12, 2020
—
Fruti Realty LLC
—
Deed
related
$300,000 · Td Bk NA
Sep 11, 2013
$360,564
Fruti Realty LLC
Marjieh,nicolas
Grant Deed
$425,000 · Fulton Bank
Jun 16, 2011
$180,919
Nicolas Marjieh
Marjieh,nicolas
Grant Deed
related
—
May 19, 2011
$575,000
Diego Marin
Marjieh,nicholas
Dual Purpose Document
$575,000 · Nicolas Marjieh
Mar 2, 2011
—
Nicolas Marjieh
Marjieh,nicolas
Quit Claim Deed
related
—
Apr 16, 2004
$470,000
Nicolas Marjieh
Levine,richard
Grant Deed
$376,000 · Skylands Community Bank
—
—
Fruti Realty LLC
—
Deed Of Trust
related
$40,000 · Fulton Bk/nj
—
—
Fruti Realty
—
Deed Of Trust
related
$90,919 · Skylands Community Bank
—
—
Fruti Realty LLC
—
Deed Of Trust
related
$300,000 · Td Bk 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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