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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Commercial real estate
16 Walling Ave Sussex, NJ 07461-2220
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2184020
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
9,404 SF
Lot
4.69 ac (204,296 SF)
Zoning code
C-2
APN
21 00102-0000-00004
UPID
US59-2184020
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
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
16 Walling Ave LLC · 4 yrs held
16 Walling Ave LLC
since 2022
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
C-2 · Sussex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al Permitted Uses. § 19-9B.2 Permitted Accessory Uses. § 19-9B.3 Conditional Uses. § 19-9B.4 Bulk and Other Requirements. § 19-9B.5 Off-Street Parking and Loading. § 19-9B.6 Signs. § 19-9B.7 Required Conditions. § 19-10 C-2 REDEVELOPMENT AREA DISTRICT. § 19-10.1 Principal Buildings and Uses Permitted. § 19-10.2 Permitted Accessory Uses. § 19-10.3 Conditional…
Zone name
Redevelopment Area
General category
COMMERCIAL
Zone area
14.25 ac
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 Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex 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
$2,780,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $2.90M (Jul 26 2022)
Last sale anchor
$2.90M
Jul 26 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
$299 / 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
$35,748
Tax year 2022
Assessed value
$1,046,800
Assessed 2023
Previous assessed
$1,046,800
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$334,000
Assessed improvement
$712,800
Land market value
$334,000
Improvement market value
$712,800
Total market value
$1,046,800
Applied tax rate
21.0000
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
2
Total area
9,404 SF
Lot
4.69 ac (204,296 SF)
Zoning code
C-2
APN
21 00102-0000-00004
UPID
US59-2184020
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Sussex, NJZoning C-2 · permitted uses
C-2 · Sussex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al Permitted Uses. § 19-9B.2 Permitted Accessory Uses. § 19-9B.3 Conditional Uses. § 19-9B.4 Bulk and Other Requirements. § 19-9B.5 Off-Street Parking and Loading. § 19-9B.6 Signs. § 19-9B.7 Required Conditions. § 19-10 C-2 REDEVELOPMENT AREA DISTRICT. § 19-10.1 Principal Buildings and Uses Permitted. § 19-10.2 Permitted Accessory Uses. § 19-10.3 Conditional Uses. § 19-10.4 Bulk Requirements. § 19-10.5 Off-Street Parking. § 19-10.6 Signs.
Zone name
Redevelopment Area
General category
COMMERCIAL
Zone area
14.25 ac
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Lot
4.69 ac
Current owner
From public records · entity-resolved
16 Walling Ave LLC
Entity
Mailing address
400 RICHARDS AVE, DOVER, NJ 07801-4318
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
$2,900,000
16 Walling Ave LLC
Great Gorge Holdings LLC
Deed
$2,175,000 · Hanover Community Bank
Mar 16, 2018
$1,800,000
Great Gorge Holdings LLC
Creamery Apartments LLC
Grant Deed
related
$1,650,000 · Regal Bk
Oct 24, 2013
$1,250,000
Creamery Apartments LLC
Sussex Creamery LLC
Grant Deed
related
$1,000,000 · Investors Bank & Trust
May 2, 2012
$4,150
State Of New Jersey Dot
Sussex Creamery LLC
Grant Deed
—
—
—
Sussex Creamery LLC
—
Deed Of Trust
related
$1,050,000 · Washington Mutual Fsb
—
—
Sussex Creamery LLC
—
Deed Of Trust
related
$800,000 · Norcrown 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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