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Property profile & analytics
OFF-MARKET
Estimated value
$11,115,000
Industrial properties
126 Dickerson St Dover, NJ 07801-4662
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0979417
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
64,372 SF
Lot
5.82 ac (253,519 SF)
Zoning code
R-1
APN
09 01901-0000-00002
UPID
US59-0979417
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
-
Dover Air Duct Services HVAC Service
-
Amazon Post Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.66M
CAP Approach
CAP
$11.12M
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$11.12M
Owner & transaction history
127 Classic Realty LLC · 3 yrs held
127 Classic Realty LLC
since 2022
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
R-1 · Dover, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.5M
+17.2%
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 Dover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dover 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
$15,235,000
ML approach
$10,660,000
CAP Approach
CAP Return
Estimation
6%
$12,040,000
6.5%
$11,115,000
7%
$10,320,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,510,000
Current use
OFFICE BUILDING
$13,480,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,090,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$11.12M
Range $10.00M – $12.23M · ±10% · vs last sale $12.60M (Oct 11 2022)
Last sale anchor
$12.60M
Oct 11 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
$173 / 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
$86,076
Tax year 2022
Assessed value
$2,911,900
Assessed 2023
Previous assessed
$2,911,900
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$982,000
Assessed improvement
$1,929,900
Land market value
$982,000
Improvement market value
$1,929,900
Total market value
$2,911,900
Applied tax rate
9.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
64,372 SF
Lot
5.82 ac (253,519 SF)
Zoning code
R-1
APN
09 01901-0000-00002
UPID
US59-0979417
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Dover, NJ
Zoning R-1 · permitted uses
R-1 · Dover, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.5M
OFFICE BUILDING
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$10.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Heating
NONE
Lot
5.82 ac
Current owner
From public records · entity-resolved
127 Classic Realty LLC
Entity
Mailing address
298 E WALLABOUT ST APT 5A, BROOKLYN, NY 11206-4990
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
127 Classic Realty LLC
—
Deed
related
$4,992,000 · Trenton Business Assistance Corporation
Oct 11, 2022
$12,600,000
127 Classic Realty LLC
Doty Group LLC
Deed
$6,798,750 · Cross River Bank
Jul 10, 2020
$3,400,000
Doty Group LLC
James & Joseph Management LLC
Grant Deed
$2,550,000 · Dime Cmnty Bk
Jul 10, 2020
—
Doty Group LLC
—
Deed
related
$2,550,000 · Dime Cmnty Bk
—
—
James & Joseph Management LLC
—
Deed Of Trust
related
$537,500 · Pnc Bank
—
—
James & Joseph Management LLC
—
Deed Of Trust
related
$150,000 · Greater Community Bank
—
—
Doty Group LLC
—
Deed Of Trust
related
$2,550,000 · Dime Cmnty Bk
—
—
James & Joseph Management LLC
—
Deed Of Trust
related
$600,000 · Greater Community Bank
—
—
Doty Group LLC
—
Deed Of Trust
related
$3,000,000 · Dime Cmnty Bk
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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