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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Commercial real estate
1301-15 So 2nd St 15 Plainfield, NJ 07063-1202
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-3034738
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1915
Construction
BRICK
Total area
7,282 SF
Lot
0.27 ac (11,932 SF)
Zoning code
NC
APN
12 00140-0000-00006
UPID
US59-3034738
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
-
Smoke-Stock LLC Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.82M
Owner & transaction history
Arkad Commercial Holdings III · 9 yrs held
Arkad Commercial Holdings III
since 2017
6 recorded transactions
Zoning & alternative use
NC · Plainfield, 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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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%
$1,600,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,485,000
Current use
OFFICE BUILDING
$1,485,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,260,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±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
$249 / 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
$13,111
Tax year 2022
Assessed value
$655,000
Assessed 2023
Previous assessed
$155,000
+322.6% YoY
Effective rate
2.00%
On assessed value
Assessed land
$53,800
Assessed improvement
$601,200
Land market value
$53,800
Improvement market value
$601,200
Total market value
$655,000
Applied tax rate
12.0000
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
1915
Construction
BRICK
Heating
NONE
Stories
2
Units
3
Total area
7,282 SF
Lot
0.27 ac (11,932 SF)
Zoning code
NC
APN
12 00140-0000-00006
UPID
US59-3034738
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
NC · Plainfield, NJ
Zoning NC · permitted uses
NC · Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (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
Year built
1915
Construction
BRICK
Heating
NONE
Stories
2
Units
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
Arkad Commercial Holdings III
Entity
Mailing address
107 PARK AVE, PLAINFIELD, NJ 07060-1203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2017
$400,000
Arkad Commercial Holdings III
Sheriff Of Union County|springhill Credit Solution
Trustees Deed
related
$400,000 · Friend In Deed LLC
Sep 17, 2014
$750,000
Credit Solutions In Springhill
Myers,harvey
Grant Deed
related
$562,500 · * Other Institutional Lenders
May 4, 2007
$414,000
Harvey L Myers
1301-1315 South 2nd Street LLC
Grant Deed
$45,150 · Lorraine Hannon
Jan 30, 2007
—
1301-1315 South 2nd St LLC
Stclair,monique
Grant Deed
—
—
—
Monique St. Clair
—
Deed Of Trust
related
$180,900 · Interbay Funding LLC
—
—
Monique St. Clair
—
Deed Of Trust
related
$48,244 · Prakash M
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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