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Property profile & analytics
OFF-MARKET
Commercial real estate
123 Columbia Tpke Ste 204a Florham Park, NJ 07932-2121
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0273522
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
1,445 SF
Zoning code
PB-2
APN
11 02001-0000-00008-2041
UPID
US59-0273522
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
-
Buchholz Architects Architect Interior Designer
-
Dalba Goeller & Co Tax Preparation
-
Amit Chitalia, MD Spa & Massage Center Alternative Medicine Practice
-
Omega Medical Spa & Massage Center Alternative Medicine Practice
-
Roger H. Zenn, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mm Property Leasing LLC · 2 yrs held
Mm Property Leasing LLC
since 2024
Last sale
$351,000
3 recorded transactions
Zoning & alternative use
PB-2 · Florham Park, 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 Florham Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florham 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,100
Tax year 2022
Assessed value
$316,400
Assessed 2023
Previous assessed
$316,400
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$100,000
Assessed improvement
$216,400
Land market value
$100,000
Improvement market value
$216,400
Total market value
$316,400
Applied tax rate
11.0000
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
1983
Heating
NONE
Total area
1,445 SF
Zoning code
PB-2
APN
11 02001-0000-00008-2041
UPID
US59-0273522
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
PB-2 · Florham Park, NJ
Zoning PB-2 · permitted uses
PB-2 · Florham Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florham Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Current owner
From public records · entity-resolved
Mm Property Leasing LLC
Entity
Mailing address
123 COLUMBIA TPKE STE 204A, FLORHAM PARK, NJ 07932-2121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 1, 2024
$351,000
Mm Property Leasing LLC
Idle Minds LLC
Deed
—
Dec 16, 2013
$276,000
Idle Minds LLC
204a Columbia Turnpike LLC
Grant Deed
—
—
—
204a Columbia Turnpike LLC
—
Deed Of Trust
related
$125,000 · Bcb Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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