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Property profile & analytics
OFF-MARKET
Estimated value
$12,630,000
Commercial real estate
15 Grand Ave Palisades Park, NJ 07650-1016
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0113221
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Lot
1.86 ac (81,196 SF)
APN
45 00505-0000-00004
UPID
US59-0113221
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
-
홍대입구 Roku Karaoke DJ & Entertainment Nightclub
-
Boiling Boys Restaurant
-
LibertyX Bitcoin ATM Atm
-
Hongdae Pocha Restaurant
-
Discount Liquor Outlet Inc (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.63M
Owner & transaction history
Fan Associates LLC · 4 yrs held
Fan Associates LLC
since 2022
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
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 Palisades Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palisades Park 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
$14,320,000
ML approach
$10,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.63M
Range $11.37M – $13.89M · ±10% · vs last sale $12.75M (Mar 15 2022)
Last sale anchor
$12.75M
Mar 15 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
$140,763
Tax year 2022
Assessed value
$12,418,700
Assessed 2023
Previous assessed
$12,418,700
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$997,500
Assessed improvement
$11,421,200
Land market value
$997,500
Improvement market value
$11,421,200
Total market value
$12,418,700
Applied tax rate
45.0000
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
Construction
BRICK
Heating
NONE
Stories
5
Lot
1.86 ac (81,196 SF)
APN
45 00505-0000-00004
UPID
US59-0113221
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
5
Lot
1.86 ac
Current owner
From public records · entity-resolved
Fan Associates LLC
Entity
Mailing address
7 LOCKHERN DR, LIVINGSTON, NJ 07039-6224
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
—
Fan Associates LLC
—
Deed
related
$7,500,000 · Ctbc Bank Corp USA
Mar 15, 2022
$12,750,000
Fan Associates LLC
Tycr LLC
Deed
$7,650,000 · Investors Bank
Apr 15, 2019
—
Tycr LLC
—
Deed
related
$300,000 · Shinhan Bank America
Jan 8, 2004
$4,000,000
Tycr LLC
Associates,lankembar Building
Grant Deed
$2,800,000 · Woori America Bk
—
—
Tycr LLC
—
Deed Of Trust
related
$100,000 · Shinhan Bank
—
—
Tycr LLC
—
Deed Of Trust
related
$2,365,000 · Shinhan Bank
—
—
Tycr LLC
—
Deed Of Trust
related
$2,400,000 · Kearny Fsb
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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