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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Commercial real estate
169 Highland Pkwy 193 Roselle, NJ 07203
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1799537
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
FRAME
Total area
13,284 SF
Lot
0.75 ac (32,500 SF)
Zoning code
I
APN
14 02902-0000-00001
UPID
US59-1799537
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
Current use
Occupant on record · Public records
-
Eastern Sheet Metal & Plate Production Facility Metal Fabrication Plant
-
Advanced Cutting Services Production Facility Industrial Manufacturer
-
P & I Global Tire Solutins Recycling Center Waste Management Facility
-
Easy Deal Big Box & Wholesale Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.95M
Owner & transaction history
Mm Nj Realty LLC · 4 yrs held
Mm Nj Realty LLC
since 2022
Last sale
$2.9M
1 recorded transaction
Zoning & alternative use
I · Roselle, 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 Roselle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roselle 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
$3,550,000
ML approach
$3,540,000
CAP Approach
CAP Return
Estimation
6%
$2,920,000
6.5%
$2,700,000
7%
$2,505,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,045,000
Current use
OFFICE BUILDING
$2,705,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±10% · vs last sale $2.94M (Apr 18 2022)
Last sale anchor
$2.94M
Apr 18 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
$222 / 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
$51,643
Tax year 2022
Assessed value
$605,000
Assessed 2023
Previous assessed
$605,000
+0.0% YoY
Effective rate
8.54%
On assessed value
Assessed land
$130,600
Assessed improvement
$474,400
Land market value
$130,600
Improvement market value
$474,400
Total market value
$605,000
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
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
1979
Construction
FRAME
Heating
NONE
Stories
1
Total area
13,284 SF
Lot
0.75 ac (32,500 SF)
Zoning code
I
APN
14 02902-0000-00001
UPID
US59-1799537
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Roselle, NJ
Zoning I · permitted uses
I · Roselle, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roselle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Mm Nj Realty LLC
Entity
Mailing address
23 E BAY 49TH ST, BROOKLYN, NY 11214-6951
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$2,939,000
Mm Nj Realty LLC
Eastern Plate Realty Associates Ltd
Deed
$1,204,075 · Pacific Premier 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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