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    Property profile & analytics

    15 Vlg Rd New Vernon, NJ 07976

    • Commercial real estate
    • 1,764 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Last Sale
    Aug 05, 2021
    $594,275
    Location Intelligence
    Property ID
    US59-1316190
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Weichert, Realtors / Real Estate Agent / Real Estate Agency
    • Appliance Repair New Vernon / Appliance Repair Service / Refrigerator Repair Service

    Property Details for 15 Vlg Rd

    Year built
    1800
    Construction
    FRAME
    Lot size
    1.20 lot acres
    Property size
    1,764 SF
    Zone code
    B-1
    Property type
    Commercial real estate
    APN
    13 00018-0000-00005
    APU
    1300018000000005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Vernon
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4947
    Latitude
    40.7449
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,268
    $325,000
    $229,700
    $554,700
    -
    $325,000
    $229,700
    $554,700

    Comparable in this City

    • Value Estimation
      $1,335,000
      3,912 SF

      17 Vlg Rd

      COMMERCIAL (GENERAL) • 3,912 SF
      17 Vlg Rd, New Vernon, NJ 07976
      View Details
    • Value Estimation by Request
      1,910 SF

      19 Vlg Rd

      COMMERCIAL (GENERAL) • 1,910 SF
      19 Vlg Rd, New Vernon, NJ 07976
      View Details
    • Value Estimation
      $1,865,000
      5,222 SF

      12 Vlg Rd

      COMMERCIAL (GENERAL) • 5,222 SF
      12 Vlg Rd, New Vernon, NJ 07976-7000
      View Details
    • Value Estimation
      $505,000
      3,134 SF

      4 Vlg Rd

      OFFICE BUILDING • 3,134 SF
      4 Vlg Rd, New Vernon, NJ 07976
      View Details
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    15 Vlg Rd
    New Vernon, NJ 07976
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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