Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Commercial real estate
16 Palomino Trl Vernon, NJ 07462-3144
Individually Owned
8-yr Hold
Property ID
US59-2615266
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Total area
3,226 SF
Lot
2.29 ac (99,752 SF)
APN
22 00376-0000-00003
UPID
US59-2615266
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
$310k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$515k
Owner & transaction history
Mark L Anderson · 8 yrs held
Mark L Anderson
since 2018
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
by Request
ML approach
$310,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$490,000
7%
$455,000
Blend value · Realmo final
$515k
Range $525k – $681k
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
$160 / 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
$13,807
Tax year 2022
Assessed value
$544,900
Assessed 2023
Previous assessed
$544,900
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$171,500
Assessed improvement
$373,400
Land market value
$171,500
Improvement market value
$373,400
Total market value
$544,900
Applied tax rate
22.0000
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
1994
Heating
NONE
Stories
1
Units
1
Total area
3,226 SF
Lot
2.29 ac (99,752 SF)
APN
22 00376-0000-00003
UPID
US59-2615266
Jurisdiction
SUSSEX
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
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Units
1
Lot
2.29 ac
Current owner
From public records · entity-resolved
Mark L Anderson
Individual
Mailing address
16 PALOMINO TRL, VERNON, NJ 07462-3144
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
—
Mark L Anderson
—
Deed
related
$173,000 · Loandepot.com LLC
May 31, 2018
$290,100
Mark L Anderson
Pohero,wayne & Catherine
Grant Deed
$230,000 · Jp Morgan Chase Bk
Nov 2, 2005
$608,000
Pohero,wayne & Catherine
Overby,n T III
Grant Deed
$384,000 · Superior Mtg
Apr 7, 1993
$58,500
Sally Runnalls
Unknown
Grant Deed
—
—
—
N Thomas Overby
—
Deed Of Trust
related
$227,150 · Norwest Mortgage INC
—
—
Pohero,wayne & Catherine
—
Deed Of Trust
related
$356,538 · Wells Fargo Bk
—
—
Noble T Overby
—
Deed Of Trust
related
$270,000 · Wells Fargo Home Mortgage INC
—
—
Overby,n T III & Tina
—
Deed Of Trust
related
$100,000 · Wells Fargo Bk
—
—
N Thomas Overby
—
Deed Of Trust
related
$39,000 · Norwest Bank Colorado
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 16 Palomino Trl?
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.
