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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Commercial real estate
1467 State Rte 31st S Annandale, NJ 08801-3118
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0728440
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
10.44 ac (454,592 SF)
Zoning code
PUD
APN
06 00079- 02-00007
UPID
US59-0728440
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
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Giapreet LLC · 3 yrs held
Giapreet LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
PUD · Annandale, 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 Annandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annandale 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
$2,285,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $3.69M (Aug 30 2022)
Last sale anchor
$3.69M
Aug 30 2022
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
—
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
$367,157
Tax year 2022
Assessed value
$3,697,500
Assessed 2023
Previous assessed
$3,697,500
+0.0% YoY
Effective rate
9.93%
On assessed value
Assessed land
$3,195,000
Assessed improvement
$502,500
Land market value
$3,195,000
Improvement market value
$502,500
Total market value
$3,697,500
Applied tax rate
6.0000
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
Heating
NONE
Units
1
Lot
10.44 ac (454,592 SF)
Zoning code
PUD
APN
06 00079- 02-00007
UPID
US59-0728440
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
PUD · Annandale, NJ
Zoning PUD · permitted uses
PUD · Annandale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Annandale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
10.44 ac
Current owner
From public records · entity-resolved
Giapreet LLC
Entity
Mailing address
8 HEADLEY WAY, WOODBURY, NY 11797-2703
Ownership since
2022
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
Mar 8, 2023
—
Giapreet LLC
—
Deed
related
$10,000,000 · Hanover Community Bank
Aug 30, 2022
$3,690,000
Giapreet LLC
Arcp Ofc Annandale Nj LLC
Special Warranty Deed
$2,500,000 · Park Realty Capital LLC
May 13, 2014
$18,100,000
Arcp Ofc Annandale Nj LLC
Ir Clinton Funding Co LLC
Grant Deed
—
Apr 1, 2010
—
Ir Clinton Funding Co LLC
—
Deed Of Trust
related
$324,349,151 · Ing Real Estate Finance (usa)
Jul 27, 2009
—
David Nenna
Nenna Concetta
Quit Claim Deed
related
—
May 1, 2006
—
Ir Clinton Funding Co LLC
—
Deed Of Trust
related
$21,000,000 · Bank Of China
Oct 5, 2005
$27,500
Ir Clinton Funding Co LLC
Beaver Brook Arc INC
Grant Deed
related
—
Dec 31, 1992
$4,400,000
Chanco Dev Corp/bb % Wick Realty
Unknown
Grant Deed
—
—
—
Ir Clinton Funding Co LLC
—
Deed Of Trust
related
$65,900 · Bank Of Bermuda
—
—
Ir Clinton Funding Co LLC
—
Deed Of Trust
related
$22,000,000 · Ing Real Estate Finance (usa)
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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