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Property profile & analytics
OFF-MARKET
Office Spaces
1314 Park Ave Ste 4 Plainfield, NJ 07060-3253
Individually Owned
15-yr Hold
Free & Clear
Property ID
US59-0828152
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Lot
0.76 ac (33,206 SF)
Zoning code
R-6
APN
12 00730-0000-00029- 04
UPID
US59-0828152
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elrick A Murray · 15 yrs held
Elrick A Murray
since 2010
1 recorded transaction
Zoning & alternative use
R-6 · Plainfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-6: Medium-High Density Residential Zone District. [MC 2002-29 § 17:9-10, December 2, 2002; MC 2007-04 Exh. A, June 20, 2007; MC 2010-27, § 5, November 22, 2010] A. Purpose. This zone is designed for single-family, two-family, townhouse and apartment development at a density not to exceed 7.2 dwelling units per acre for single-family dwelling units, 8.7 dwe…
Zone name
Medium High Density Residential
General category
RESIDENTIAL
Zone area
60.99 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,907
Tax year 2022
Assessed value
$105,300
Assessed 2023
Previous assessed
$105,300
+0.0% YoY
Effective rate
8.46%
On assessed value
Assessed land
$16,200
Assessed improvement
$89,100
Land market value
$16,200
Improvement market value
$89,100
Total market value
$105,300
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
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Heating
NONE
Lot
0.76 ac (33,206 SF)
Zoning code
R-6
APN
12 00730-0000-00029- 04
UPID
US59-0828152
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-6 · Plainfield, NJZoning R-6 · permitted uses
R-6 · Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-6: Medium-High Density Residential Zone District. [MC 2002-29 § 17:9-10, December 2, 2002; MC 2007-04 Exh. A, June 20, 2007; MC 2010-27, § 5, November 22, 2010] A. Purpose. This zone is designed for single-family, two-family, townhouse and apartment development at a density not to exceed 7.2 dwelling units per acre for single-family dwelling units, 8.7 dwelling units per acre for two-family dwelling units, twelve (12) dwelling units per acre for apartments and ten (10) dwelling units per acre for townhouses. B. Permitted Uses. See Schedule A. C. Accessory Uses. See Schedule A. D. Bulk Requirements. See Schedule B.
Zone name
Medium High Density Residential
General category
RESIDENTIAL
Zone area
60.99 ac
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Elrick A Murray
Individual
Free & Clear · 15 yrs held
Mailing address
1314 PARK AVE STE #4, PLAINFIELD, NJ 07060-3253
Ownership since
2010
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 26, 2010
$115,000
Elrick A Murray
Tiedemann,richard N
Grant Deed
—
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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