Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Commercial real estate
15 Howard Blvd Mount Arlington, NJ 07856-1301
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0830141
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
2,838 SF
Lot
1.05 ac (45,738 SF)
APN
26 00061-0000-00023- 02
UPID
US59-0830141
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
-
15 Howard Boulevard Parking Parking Lot & Garage
-
Courtyard Rockaway-Mt. Arlington Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Howard 99 LLC · 1 yrs held
Howard 99 LLC
since 2025
Last sale
$666,667
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 Mount Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Arlington 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
$635,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Current use
OFFICE BUILDING
$595,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $667k (Jun 13 2025)
Last sale anchor
$667k
Jun 13 2025
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
$222 / 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
$19,501
Tax year 2023
Assessed value
$997,500
Assessed 2024
Previous assessed
$997,500
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$494,500
Assessed improvement
$503,000
Land market value
$494,500
Improvement market value
$503,000
Total market value
$997,500
Applied tax rate
26.0000
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
Heating
NONE
Total area
2,838 SF
Lot
1.05 ac (45,738 SF)
APN
26 00061-0000-00023- 02
UPID
US59-0830141
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA 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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
1.05 ac
Current owner
From public records · entity-resolved
Howard 99 LLC
Entity
Mailing address
101 N TRYON STNC100103, CHARLOTTE, NC 28246-0100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
$666,667
Howard 99 LLC
Arctrust Trs INC
Deed
—
May 2, 2023
—
Arctrust Trs INC
—
Deed
related
$1,100,000 · Provident Bank
Jan 3, 2020
$15,500,000
Ohfii Rockaway LLC
Mt Arlington Ventures LP
Grant Deed
—
May 19, 2017
—
Arctrust Trust INC
—
Deed
related
$289,400 · Branch Bk&tr
Jan 6, 2011
$2,727,226
Arctrust Trs INC
Atkins Investment Assocs LLC
Grant Deed
—
—
—
Arctrust INC Tr
—
Deed Of Trust
related
$7,500,000 · National Penn Bank
—
—
Atkins Investment Assocs LLC
—
Deed Of Trust
related
$750,000 · Valley National Bank
—
—
Morris Plains Speedwell LLC
—
Deed Of Trust
related
$1,650,000 · First Bk
—
—
Arctrust Trust INC
—
Deed Of Trust
related
$289,400 · Branch Bk&tr
—
—
Mt Arlington Ventures
—
Deed Of Trust
related
$30,000,000 · Merrill Lynch Credit Corp
—
—
Mt Arlington Ventures LP
—
Deed Of Trust
related
$43,000,000 · Jp Morgan Series 2005-ldp5
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15 Howard Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
