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Property profile & analytics
OFF-MARKET
Estimated value
$5,470,000
Commercial real estate
123 Main St Denville, NJ 07834-2644
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2076706
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
30,638 SF
Lot
7.44 ac (323,912 SF)
Zoning code
B-3
APN
08 40817-0000-00001
UPID
US59-2076706
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
by Request
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$5.47M
Owner & transaction history
Department Of Transportation · 1 yrs held
Department Of Transportation
since 2024
7 recorded transactions
Zoning & alternative use
B-3 · Denville, 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 Denville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denville 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%
$3,750,000
6.5%
$3,460,000
7%
$3,215,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,415,000
Current use
OFFICE BUILDING
$6,750,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$5.47M
Range $4.92M – $6.02M · ±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
$179 / 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
$471,833
Tax year 2022
Assessed value
$18,345,000
Assessed 2023
Previous assessed
$18,345,000
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$3,352,600
Assessed improvement
$14,992,400
Land market value
$3,352,600
Improvement market value
$14,992,400
Total market value
$18,345,000
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
30,638 SF
Lot
7.44 ac (323,912 SF)
Zoning code
B-3
APN
08 40817-0000-00001
UPID
US59-2076706
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Denville, NJZoning B-3 · permitted uses
B-3 · Denville, NJ
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
$7.4M
OFFICE BUILDING
Est. value
$6.8M
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
7.44 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Mailing address
1 INDIAN RD STE #1, DENVILLE, NJ 07834-2000
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
—
Tamara Enterprises LLC
—
Deed
related
$17,000,000 · Columbia Bank
Aug 28, 2024
—
Department Of Transportation
Tamara Enterprises LLC
Deed
—
Aug 31, 2023
$999,600
125 Route 46 LLC
Amee 46 LLC
Deed
—
Nov 13, 2017
—
Tamara Ents LLC
—
Deed
related
$2,800,000 · Columbia Bk
—
—
Tamara Ents LLC
—
Deed Of Trust
related
$15,825,000 · Columbia Bank
—
—
Tamara Ents LLC
—
Deed Of Trust
related
$14,400,000 · Columbia Bank
—
—
Tamara Ents LLC
—
Deed Of Trust
related
$1,016,577 · Columbia Bank
—
—
Tamara Ents LLC
—
Deed Of Trust
related
$1,016,577 · Columbia Bank
—
—
Tamara Ents LLC
—
Deed Of Trust
related
$15,500,000 · Columbia Bank
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$270,000,000 · J P Morgan Chase Bank
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$550,000,000 · Us Bank NA
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$445,000,000 · Us Bank NA
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$375,000,000 · J P Morgan Chase Bank
—
—
Tamara Ents LLC
—
Deed Of Trust
related
$2,800,000 · Columbia Bk
—
—
Tamara Enterprises LLC
—
Deed Of Trust
related
$15,500,000 · Columbia 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.
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