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Property profile & analytics
OFF-MARKET
Commercial real estate
16 State Rte 23 Montague, NJ 07827-3305
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-1237045
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Construction
TYPE NOT SPECIFIED
Total area
1,848 SF
Lot
0.65 ac (28,314 SF)
Zoning code
C-2
APN
14 00002-0000-00006
UPID
US59-1237045
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pritam Ptr · 19 yrs held
Pritam Ptr
since 2007
6 recorded transactions
Zoning & alternative use
C-2 · Montague, 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 Montague submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montague 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$19,592
Tax year 2022
Assessed value
$677,700
Assessed 2023
Previous assessed
$677,700
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$310,000
Assessed improvement
$367,700
Land market value
$310,000
Improvement market value
$367,700
Total market value
$677,700
Applied tax rate
14.0000
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
Year built
2009
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
1,848 SF
Lot
0.65 ac (28,314 SF)
Zoning code
C-2
APN
14 00002-0000-00006
UPID
US59-1237045
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Montague, NJZoning C-2 · permitted uses
C-2 · Montague, NJ
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
2009
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Pritam Ptr
Individual
Mailing address
200 STATE RT 17, MAHWAH, NJ 07430-1203
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2019
—
Pritam & Amarjit
—
Deed
related
$1,125,000 · Mariners Bk
Apr 30, 2007
$700,000
Pritam Ptr
Xtra Auto Of Truck Stop INC
Grant Deed
$350,000 · Richard T Dutton
Feb 17, 2005
$525,000
Xtra Auto Of Truck Stop INC
Dutton,richard T
Grant Deed
—
—
—
Pritam & Amarjit
—
Deed Of Trust
related
$1,125,000 · Mariners Bk
—
—
Pritam Ptr
—
Deed Of Trust
related
$525,000 · Valley National Bank
—
—
Pritam Ptr
—
Deed Of Trust
related
$1,500,000 · Valley National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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