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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Residential income homes
1343 Pompton Ave Cedar Grove, NJ 07009-1009
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-3205583
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
12,060 SF
Lot
3.03 ac (131,987 SF)
Zoning code
O
APN
04 00342-0000-00014
UPID
US59-3205583
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
$3.11M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.95M
Owner & transaction history
Cedar Grove Village LLC · 21 yrs held
Cedar Grove Village LLC
since 2005
1 recorded transaction
Zoning & alternative use
O · Cedar Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is located where it has been determined that the land may be used for offices without adversely affecting traffic, available utilities, the general character of the Township, the neighborhood, or other zoning districts in the vicinity
Zone name
Office Building District
General category
UNKNOWN
Zone area
9.48 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.6M
+7.8%
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 Cedar Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Grove 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%
$3,365,000
6.5%
$3,105,000
7%
$2,885,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,300,000
Current use
COMMERCIAL (GENERAL)
$3,555,000
Change: +8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,725,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±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
$245 / 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
$64,741
Tax year 2022
Assessed value
$2,525,000
Assessed 2023
Previous assessed
$2,525,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$1,499,900
Assessed improvement
$1,025,100
Land market value
$1,499,900
Improvement market value
$1,025,100
Total market value
$2,525,000
Applied tax rate
4.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Total area
12,060 SF
Lot
3.03 ac (131,987 SF)
Zoning code
O
APN
04 00342-0000-00014
UPID
US59-3205583
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
O · Cedar Grove, NJZoning O · permitted uses
O · Cedar Grove, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is located where it has been determined that the land may be used for offices without adversely affecting traffic, available utilities, the general character of the Township, the neighborhood, or other zoning districts in the vicinity
Zone name
Office Building District
General category
UNKNOWN
Zone area
9.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Cedar Grove Village LLC
Entity
Mailing address
PO BOX 43, LIVINGSTON, NJ 07039-0043
Ownership since
2005
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
Jan 19, 2005
$4,226,750
Cedar Grove Village LLC
Grasso,thomas & Isla K
Grant Deed
$2,000,000 · Thomas & Isla K Grasso
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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