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Property profile & analytics
OFF-MARKET
Commercial real estate
1415-23 So 2nd St 23 Plainfield, NJ 07063-1204
Individually Owned
10-yr Hold
Free & Clear
Property ID
US59-0189391
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1914
Construction
CONCRETE BLOCKS
Total area
1,260 SF
Lot
0.26 ac (11,250 SF)
Zoning code
R-4
APN
12 00138-0000-00003
UPID
US59-0189391
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
Carlos Cruz · 10 yrs held
Carlos Cruz
since 2016
4 recorded transactions
Zoning & alternative use
R-4 · Plainfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-4: Moderate Density Residential Zone District. [MC 2002-29 § 17:9-8, December 2, 2002; MC 2007-04 Exh. A, June 20, 2007] A. Purpose. This zone is designed for single-family and two-family development at a density not to exceed 5.8 dwelling units per acre for single-family dwelling units and 8.7 dwelling units per acre for two-family dwelling units. B. Perm…
Zone name
Moderate Density Residential
General category
RESIDENTIAL
Zone area
773.07 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
$7,309
Tax year 2022
Assessed value
$86,400
Assessed 2023
Previous assessed
$86,400
+0.0% YoY
Effective rate
8.46%
On assessed value
Assessed land
$44,900
Assessed improvement
$41,500
Land market value
$44,900
Improvement market value
$41,500
Total market value
$86,400
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
1914
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
1,260 SF
Lot
0.26 ac (11,250 SF)
Zoning code
R-4
APN
12 00138-0000-00003
UPID
US59-0189391
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Plainfield, NJZoning R-4 · permitted uses
R-4 · Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-4: Moderate Density Residential Zone District. [MC 2002-29 § 17:9-8, December 2, 2002; MC 2007-04 Exh. A, June 20, 2007] A. Purpose. This zone is designed for single-family and two-family development at a density not to exceed 5.8 dwelling units per acre for single-family dwelling units and 8.7 dwelling units per acre for two-family dwelling units. B. Permitted Uses. See Schedule A. C. Accessory Uses. See Schedule A. D. Bulk Requirements. See Schedule B.
Zone name
Moderate Density Residential
General category
RESIDENTIAL
Zone area
773.07 ac
Building & site characteristics
From public records
Year built
1914
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Carlos Cruz
Individual
Free & Clear · 10 yrs held
Mailing address
16 RENDA PL, GREEN BROOK, NJ 08812-2313
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2016
—
Carlos Cruz
Cruz,antonio
Quit Claim Deed
related
—
Aug 5, 2013
$75,000
Antonio Cruz
Redeemed Christian Church Of God
Grant Deed
—
Jul 6, 2011
$110,000
Rccg Kingdom Dominion
Fab Properties LLC
Bargain And Sale Deed
$90,000 · Fab Properties LLC
—
—
Clayton Winzle JR.
—
Deed Of Trust
related
$225,000 · J P Morgan Chase 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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