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Property profile & analytics
OFF-MARKET
Industrial properties
168 Vly Rd West Orange, NJ 07052-4336
Individually Owned
9-yr Hold
Free & Clear
Property ID
US59-2151481
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Construction
CONCRETE BLOCKS
Total area
2,730 SF
Lot
0.08 ac (3,302 SF)
Zoning code
B-1
APN
22 00002- 01-00001
UPID
US59-2151481
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
Elyse F Alfandre · 9 yrs held
Elyse F Alfandre
since 2016
1 recorded transaction
Zoning & alternative use
B-1 · West Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In B-1 and B-2 Districts, mixed-use developments shall be permitted as a conditional use in accordance with the requirements of § 25-24.2b2(m) . All proposed mixed-uses must comply with all health and building code regulations, including certificate of continued occupancy requirements. Off-street parking shall be provided as required for each individual use,…
Zone name
Retail Business
General category
COMMERCIAL
Zone area
99.79 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 West Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Orange 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
$11,758
Tax year 2022
Assessed value
$265,000
Assessed 2023
Previous assessed
$265,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$49,000
Assessed improvement
$216,000
Land market value
$49,000
Improvement market value
$216,000
Total market value
$265,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
2,730 SF
Lot
0.08 ac (3,302 SF)
Zoning code
B-1
APN
22 00002- 01-00001
UPID
US59-2151481
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · West Orange, NJZoning B-1 · permitted uses
B-1 · West Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In B-1 and B-2 Districts, mixed-use developments shall be permitted as a conditional use in accordance with the requirements of § 25-24.2b2(m) . All proposed mixed-uses must comply with all health and building code regulations, including certificate of continued occupancy requirements. Off-street parking shall be provided as required for each individual use, except that shared parking shall be permitted for a mixed-use development containing a residential use, per § 25-12.2a3 . All commercial/retail uses currently on the street level cannot be converted to residential use. Mixed uses and multiple principal uses on one lot shall be permitted in the B-1, B-2, P-C, O-R and I Districts.
Zone name
Retail Business
General category
COMMERCIAL
Zone area
99.79 ac
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Elyse F Alfandre
Individual
Free & Clear · 9 yrs held
Mailing address
93 LOWELL AVE, WEST ORANGE, NJ 07052-3709
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2016
$265,000
Elyse F Alfandre
Kozlowski,a Eugene
Grant Deed
—
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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