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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Commercial real estate
1280 State Rte 57 Port Murray, NJ 07865-4040
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-2749719
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Construction
FRAME
Total area
3,288 SF
Lot
5.56 ac (242,194 SF)
APN
16 01401-0000-00001- 01
UPID
US59-2749719
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$405k
Owner & transaction history
Pm 1280 LLC · 1 yrs held
Pm 1280 LLC
since 2025
Last sale
$435,000
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 Port Murray submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Murray 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
$405,000
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$405k
Range $365k – $446k · ±10% · vs last sale $435k (May 27 2025)
Last sale anchor
$435k
May 27 2025
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
$123 / 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
$8,571
Tax year 2022
Assessed value
$245,650
Assessed 2023
Previous assessed
$245,650
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$93,250
Assessed improvement
$152,400
Land market value
$93,250
Improvement market value
$152,400
Total market value
$245,650
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1910
Construction
FRAME
Heating
NONE
Stories
2
Total area
3,288 SF
Lot
5.56 ac (242,194 SF)
APN
16 01401-0000-00001- 01
UPID
US59-2749719
Jurisdiction
WARREN
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
Year built
1910
Construction
FRAME
Heating
NONE
Stories
2
Lot
5.56 ac
Current owner
From public records · entity-resolved
Pm 1280 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
167 HAZEN RD, HACKETTSTOWN, NJ 07840-5213
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
Rockstar Group LLC
—
Deed
related
$960,000 · Provident Bank
May 27, 2025
$435,000
Pm 1280 LLC
Carolyn Mcgarry
Deed
—
Feb 23, 2015
$132,000
Carolyn Mcgarry
Heritage Conservancy INC
Grant Deed
—
Mar 2, 2009
—
Port Properties LLC
Caputo,jeffrey
Grant Deed
related
—
Aug 1, 2008
$350,000
Heritage Conservancy INC
Cliffdale Park INC
Grant Deed
—
Jun 18, 2008
—
Jeffrey Caputo
Caputo,jeffrey
Quit Claim Deed
related
—
—
—
Heritage Conservancy INC
—
Deed Of Trust
related
$100,000 · Skylands 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.
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