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Property profile & analytics
FOR SALE
Residential income homes
17 Kiel Ave Butler, NJ 07405
Entity Owned
27-yr Hold
Property ID
US59-1283538
For Sale
1 / 41
$999,000
17 Kiel Ave, Butler, NJ 07405
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
FRAME
Total area
6,900 SF
Lot
0.64 ac (27,674 SF)
Zoning code
CBD
APN
03 00040-0000-00027
UPID
US59-1283538
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
-
Highland Yoga Gym & Fitness Center
-
PDA Laboratory Medical Laboratory
-
Catherine Destefano Physician
-
Daniel Myers Physician
-
freeliving.me Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$600k
Owner & transaction history
Seventeen Kiel LLC · 27 yrs held
Seventeen Kiel LLC
since 1999
6 recorded transactions
Zoning & alternative use
CBD · Kinnelon, 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 Butler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Butler 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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$87 / 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
$23,987
Tax year 2022
Assessed value
$776,600
Assessed 2023
Previous assessed
$776,600
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$270,000
Assessed improvement
$506,600
Land market value
$270,000
Improvement market value
$506,600
Total market value
$776,600
Applied tax rate
3.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
6,900 SF
Lot
0.64 ac (27,674 SF)
Zoning code
CBD
APN
03 00040-0000-00027
UPID
US59-1283538
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Kinnelon, NJZoning CBD · permitted uses
CBD · Kinnelon, 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
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Seventeen Kiel LLC
Entity
Mailing address
PO BOX 220, NEWFOUNDLAND, NJ 07435-0220
Ownership since
1999
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 28, 2005
—
Kiel Avenue Realty LLC
—
Trustees Deed
related
$150,000 · Lakeland Bank
Feb 8, 1999
—
Seventeen Kiel LLC
Stventeen Keil Ave Assoc Ptshp
Grant Deed
$300,000 · Lakeview Savings Bank
Jun 16, 1995
$250,000
Properties L L C Betts
Butler,printing
Grant Deed
$230,000 · Seller Carry Back
—
—
Nicholas M Salleroli
—
Deed Of Trust
related
$250,000 · Lakeland Bank
—
—
Kiel Avenue Realty LLC
—
Deed Of Trust
related
$600,000 · Columbia Bk
—
—
Kiel Avenue Realty LLC
—
Deed Of Trust
related
$370,484 · Pinter Family Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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