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Property profile & analytics
OFF-MARKET
Estimated value
$490,000
Office Spaces
1203 Riv Rdcs1 Edgewater, NJ 07020-1456
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1787745
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
0.4 ac (17,424 SF)
APN
13 00025-0000-00008-0000-C0CS1
UPID
US59-1787745
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
-
Dr. Gregory Zaccone Physician
-
Rappaport Chad W MD Physician
-
Sky Rockets Packaging Industrial Manufacturer Factory
-
Barbara Stein - Group Twenty Six Real Estate Real Estate Agency
-
WiseMenu.com Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$490k
Owner & transaction history
Spectrum Edgewater Commercial Space · 3 yrs held
Spectrum Edgewater Commercial Space
since 2022
Last sale
$440,000
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$490,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$490k
Range $441k – $539k · ±10% · vs last sale $440k (Oct 19 2022)
Last sale anchor
$440k
Oct 19 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
—
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
$9,079
Tax year 2022
Assessed value
$552,400
Assessed 2023
Previous assessed
$552,400
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$180,000
Assessed improvement
$372,400
Land market value
$180,000
Improvement market value
$372,400
Total market value
$552,400
Applied tax rate
13.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
0.4 ac (17,424 SF)
APN
13 00025-0000-00008-0000-C0CS1
UPID
US59-1787745
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Spectrum Edgewater Commercial Space
Individual
Mailing address
180 OLD TAPPAN RD STE #6, OLD TAPPAN, NJ 07675-7052
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
44 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
$440,000
Spectrum Edgewater Commercial Space
Alfred P Olsen
Deed
$424,000 · Columbia Bank
Nov 28, 2017
—
Olsen,alfred P Living Trust
Olsen Alfred P Trust
Quit Claim Deed
related
—
Jan 9, 2009
—
Olsen Alfred P & Joan M Trust
Olsen,alfred P & Joan M
Quit Claim Deed
related
—
May 11, 2004
—
Harbour Condominium Ass Hudson
—
Deed Of Trust
related
$1 · Valley National Bank
—
—
Gary Lobue
—
Deed Of Trust
related
$675,000 · Wachovia Mortgage Co
—
—
Victor W Lettieri JR.
—
Deed Of Trust
related
$187,000 · Fleet National Bank
—
—
Marc R Fragale
—
Deed Of Trust
related
$322,500 · Long Beach Mortgage Co
—
—
Francis H Walsh
—
Deed Of Trust
related
$203,000 · Washington Mutual Fsb
—
—
Samuel S Ou
—
Deed Of Trust
related
$50,000 · Fleet National Bank
—
—
Maritzel Delacruz-santulli
—
Deed Of Trust
related
$115,800 · Fleet National Bank
—
—
Joseph Charles
—
Deed Of Trust
related
$19,000 · Fleet National Bank
—
—
Theresa Lee
—
Deed Of Trust
related
$71,000 · New Century Mortgage
—
—
Hudson Harbour Condo Associati
—
Deed Of Trust
related
$1 · Valley National Bank
—
—
Kimberly Julevic
—
Deed Of Trust
related
$256,000 · Rose Mortgage Co
—
—
Steve Hwang
—
Deed Of Trust
related
$21,131 · Wells Fargo Bank
—
—
Clara Delavega
—
Deed Of Trust
related
$200,000 · Fleet National Bank
—
—
Vahe Tchaghlasian
—
Deed Of Trust
related
$335,821 · Bank Of America
—
—
Keith Johnson
—
Deed Of Trust
related
$214,700 · National City Bank
—
—
Kimberly A Laplaca
—
Deed Of Trust
related
$115,000 · Fleet National Bank
—
—
Hoo R Hwang
—
Deed Of Trust
related
$15,800 · Fleet National Bank
—
—
Mehrdad Nadooshan
—
Deed Of Trust
related
$102,300 · World Savings
—
—
Cheikhna Thiam
—
Deed Of Trust
related
$374,400 · Abn Amro Mortgage Group INC
—
—
Ruben A Diaz
—
Deed Of Trust
related
$230,000 · Atlantic Stewardship Bank
—
—
Sun Paek
—
Deed Of Trust
related
$40,000 · Fleet National Bank
—
—
Ruben A Diaz
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
—
—
Theresa Lee
—
Deed Of Trust
related
$213,300 · Ivanhoe Mortgage
—
—
Chi Hun Nam
—
Deed Of Trust
related
$150,000 · J P Morgan Chase Bank
—
—
John Carl Smith
—
Deed Of Trust
related
$526,500 · Fremont Mortgage
—
—
Sheldon N Witt
—
Deed Of Trust
related
$250,000 · Bank Of New York Nj
—
—
Keith Johnson
—
Deed Of Trust
related
$240,000 · Ivanhoe Financial INC
—
—
Yoon Tae Cho
—
Deed Of Trust
related
$209,930 · Countrywide Bank
—
—
Cheikhna Thiam
—
Deed Of Trust
related
$46,800 · J P Morgan Chase Bank
—
—
Kimberly Julevic
—
Deed Of Trust
related
$64,000 · Rose Mortgage Co
—
—
Peter Tchernysheva
—
Deed Of Trust
related
$130,000 · Fleet National Bank
—
—
Francis H Walsh
—
Deed Of Trust
related
$210,000 · Washington Mutual Fsb
—
—
John Q Adams
—
Deed Of Trust
related
$38,500 · Fleet National Bank
—
—
Donna K Kim
—
Deed Of Trust
related
$190,000 · Wells Fargo Bank
—
—
Zahra Aminlari
—
Deed Of Trust
related
$173,600 · Nj Lenders Corp
—
—
Barbara A Smolin
—
Deed Of Trust
related
$200,000 · Fleet National Bank
—
—
Vohe Chaglasian
—
Deed Of Trust
related
$50,000 · Fleet National Bank
—
—
Lana Yeheskel
—
Deed Of Trust
related
$141,500 · Citimortgage INC
—
—
Maritzel Delacruz-santulli
—
Deed Of Trust
related
$314,500 · Bank Of America
—
—
Marissa Ballestoros
—
Deed Of Trust
related
$40,000 · Commerce Bank North
—
—
John Sasso
—
Deed Of Trust
related
$51,510 · Wachovia 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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