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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial real estate
17 Grv Ave Verona, NJ 07044-1610
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-2133539
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
4,540 SF
Lot
0.31 ac (13,530 SF)
APN
20 01702-0000-00021
UPID
US59-2133539
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
-
Verona Animal Hospital Veterinary Clinic
-
Verona Animal Hospital: Scriffignano A P DVM Veterinary Clinic
-
Verona & Montclair Animal Hospital Veterinary Clinic
-
Roberto Marisa DVM Veterinary Clinic
-
Brazer Colette DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$800k
Owner & transaction history
Mmp3 LLC · 5 yrs held
Mmp3 LLC
since 2020
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 Verona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Verona 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
$540,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$176 / 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
$32,187
Tax year 2022
Assessed value
$1,075,400
Assessed 2023
Previous assessed
$1,075,400
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$476,100
Assessed improvement
$599,300
Land market value
$476,100
Improvement market value
$599,300
Total market value
$1,075,400
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1900
Heating
NONE
Stories
2
Units
1
Total area
4,540 SF
Lot
0.31 ac (13,530 SF)
APN
20 01702-0000-00021
UPID
US59-2133539
Jurisdiction
ESSEX
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
1900
Heating
NONE
Stories
2
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mmp3 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
26 LOUIS DR, MONTVILLE, NJ 07045-9039
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Mmp3 LLC
Elizabeth Scriffignano
Grant Deed
related
—
Jun 2, 2020
—
Elizabeth Scriffignano
Anthony P Scriffignano
Quit Claim Deed
related
—
Feb 28, 2020
—
Anthony P Scriffignano
Anthony P Scriffignano
Correction Deed
related
—
Jan 29, 2020
—
Anthony P Scriffignano
Anthony P Scriffignano
Quit Claim Deed
related
—
Nov 19, 2019
—
Anthony P Scriffignano
Anthony P Scriffignano
Quit Claim Deed
related
—
Oct 15, 2019
—
Anthony P Scriffignano
Pauline F Scriffignano
Quit Claim Deed
related
—
—
—
Verona Animal Hospital
—
Deed Of Trust
related
$240,000 · Investors Fsb
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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