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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Commercial real estate
137 Mtn Ave, Hackettstown, NJ 07840-2390
Entity Owned
17-yr Hold
Free & Clear
Property ID
US59-0896819
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1850
Construction
CONCRETE BLOCKS
Total area
8,597 SF
Lot
0.71 ac (30,840 SF)
Zoning code
R125
APN
08 00120-0000-00012
UPID
US59-0896819
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
-
Parminderjeet Sandhu Physician
-
VAN Rental Hackettstown - TOWN Car Rental Facility
-
Pritpaul Singh Physician
-
Medical Care Associates: Kumar S Raja MD Physician
-
Janak Anand Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.82M
Owner & transaction history
S & S Real Estate INC · 17 yrs held
S & S Real Estate INC
since 2008
7 recorded transactions
Zoning & alternative use
R125 · Hackettstown, 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 Hackettstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackettstown 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%
$2,075,000
6.5%
$1,915,000
7%
$1,775,000
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
$211 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$66,572
Tax year 2023
Assessed value
$1,350,000
Assessed 2024
Previous assessed
$1,973,100
-31.6% YoY
Effective rate
4.93%
On assessed value
Assessed land
$467,500
Assessed improvement
$882,500
Land market value
$467,500
Improvement market value
$882,500
Total market value
$1,350,000
Applied tax rate
8.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1850
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
8,597 SF
Lot
0.71 ac (30,840 SF)
Zoning code
R125
APN
08 00120-0000-00012
UPID
US59-0896819
Jurisdiction
WARREN
Zoning & alternative use
R125 · Hackettstown, NJ
Zoning R125 · permitted uses
R125 · Hackettstown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hackettstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1850
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
S & S Real Estate INC
Entity
Free & Clear · 17 yrs held
Mailing address
59TH CTR ST, MADISON, NJ 07940-1418
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2008
—
S & S Real Estate INC
Sandhu,parminderjeet S & Sarabjit
Quit Claim Deed
—
Jan 30, 2003
—
Parmindeer J Sandhu
Sandhu,parmindeer J & Sarabjit
Quit Claim Deed
related
—
May 3, 2001
$95,000
Parmindeer J Sandhu
Petzinger,frieda A
Grant Deed
$75,000 · Skylands Community Bank
Mar 26, 2001
$229,250
Parmindeer J Sandhu
Ashton,jeffrey A & Joan T
Grant Deed
—
Sep 25, 1991
$140,000
P J Sandhu
Unknown
Grant Deed
—
—
—
S & S Real Estate INC
—
Deed Of Trust
related
$699,000 · Fulton Bank
—
—
S & S Real Estate INC
—
Deed Of Trust
related
$800,000 · R Dolores Brennan
—
—
Parmindeerjeet Sandhu
—
Deed Of Trust
related
$500,000 · Skylands Community Bank
—
—
Parminderjeet Sandhu
—
Deed Of Trust
related
$250,000 · Skylands Community Bank
—
—
Parminderjeet Sandhu
—
Deed Of Trust
related
$500,000 · 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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