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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Commercial real estate
123 Mt Pleasant Ave Livingston, NJ 07039-2928
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1231983
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
4,048 SF
Lot
0.16 ac (6,874 SF)
Zoning code
B-1
APN
10 03803-0000-00002
UPID
US59-1231983
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
-
Keller Williams: Suburban Realty Real Estate Agency
-
The Sanphy Group Real Estate Agency
-
Zebaida Group Keller Williams Realty Real Estate Agency
-
The Gruska Abella Team Real Estate Agency
-
Dee Dolese - Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$935k
Owner & transaction history
Groovus LLC · 3 yrs held
Groovus LLC
since 2022
Last sale
$957,000
1 recorded transaction
Zoning & alternative use
B-1 · Livingston, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RIAO Inclusionary Adult Residential Overlay District. § 170-106.2 RIAO-2 Residential Inclusionary Adult Overlay District - 2. § 170-107 B Central Business District. § 170-107.1 MU-1 Mixed-Use Overlay District. § 170-108 B-1 General Business District. § 170-109 B-2 Highway Business District. § 170-109.1 BN Neighborhood Business District. § 170-110 P-B Profess…
Zone name
General Business District
General category
COMMERCIAL
Zone area
107.97 ac
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 Livingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livingston 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
$1,180,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $957k (Aug 8 2022)
Last sale anchor
$957k
Aug 8 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
$231 / 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
$22,439
Tax year 2022
Assessed value
$961,800
Assessed 2023
Previous assessed
$961,800
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$584,300
Assessed improvement
$377,500
Land market value
$584,300
Improvement market value
$377,500
Total market value
$961,800
Applied tax rate
10.0000
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
Units
1
Total area
4,048 SF
Lot
0.16 ac (6,874 SF)
Zoning code
B-1
APN
10 03803-0000-00002
UPID
US59-1231983
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Livingston, NJZoning B-1 · permitted uses
B-1 · Livingston, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RIAO Inclusionary Adult Residential Overlay District. § 170-106.2 RIAO-2 Residential Inclusionary Adult Overlay District - 2. § 170-107 B Central Business District. § 170-107.1 MU-1 Mixed-Use Overlay District. § 170-108 B-1 General Business District. § 170-109 B-2 Highway Business District. § 170-109.1 BN Neighborhood Business District. § 170-110 P-B Professional Building District. § 170-111 P-B1 Professional Office District. § 170-112 P-B
Zone name
General Business District
General category
COMMERCIAL
Zone area
107.97 ac
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Groovus LLC
Entity
Mailing address
123 W MT PLEASANT AVE, LIVINGSTON, NJ 07039-2928
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
$957,000
Groovus LLC
123 129 W Mt Pleasant Ave INC
Deed
$727,500 · 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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