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Property profile & analytics
OFF-MARKET
Estimated value
$2,685,000
Commercial real estate
145 Piermont Rd Tenafly, NJ 07670-1022
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0560818
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Construction
CONCRETE BLOCKS
Total area
17,767 SF
Lot
0.92 ac (40,075 SF)
Zoning code
SRB
APN
61 01301-0000-00002
UPID
US59-0560818
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
-
Linda Armstrong, Energy Healer & Transformation Coach Life Coach
-
ZING Fitness Studios Gym & Fitness Center
-
Garden State Golf Academy Golf Instructor
-
TrueFit Gym & Fitness Center
-
Tenafly Shukokai Karate Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
121 N Summit LLC · 2 yrs held
121 N Summit LLC
since 2023
1 recorded transaction
Zoning & alternative use
SRB · Tenafly, 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 Tenafly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tenafly 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
$151 / 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
$30,721
Tax year 2022
Assessed value
$1,135,700
Assessed 2023
Previous assessed
$1,135,700
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$552,000
Assessed improvement
$583,700
Land market value
$552,000
Improvement market value
$583,700
Total market value
$1,135,700
Applied tax rate
61.0000
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
1961
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
17,767 SF
Lot
0.92 ac (40,075 SF)
Zoning code
SRB
APN
61 01301-0000-00002
UPID
US59-0560818
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
SRB · Tenafly, NJ
Zoning SRB · permitted uses
SRB · Tenafly, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tenafly. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
121 N Summit LLC
Entity
Free & Clear · 2 yrs held
Mailing address
121 N SMT ST, TENAFLY, NJ 07670-1035
Ownership since
2023
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 10, 2023
—
121 N Summit LLC
Piermont Golf Associates LLC
Lease
—
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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