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Property profile & analytics
OFF-MARKET
Commercial real estate
172 Lackawanna Dr Stanhope, NJ 07874-3112
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2828629
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
2,882 SF
Lot
0.62 ac (27,007 SF)
Zoning code
N-C
APN
04 00265-0000-00287
UPID
US59-2828629
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
172 Lackawanna Ave LLC · 1 yrs held
172 Lackawanna Ave LLC
since 2025
Last sale
$799,000
7 recorded transactions
Zoning & alternative use
N-C · Stanhope, 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 Stanhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanhope 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
$16,635
Tax year 2022
Assessed value
$454,500
Assessed 2023
Previous assessed
$454,500
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$161,100
Assessed improvement
$293,400
Land market value
$161,100
Improvement market value
$293,400
Total market value
$454,500
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
FRAME
Heating
NONE
Stories
1
Total area
2,882 SF
Lot
0.62 ac (27,007 SF)
Zoning code
N-C
APN
04 00265-0000-00287
UPID
US59-2828629
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
N-C · Stanhope, NJ
Zoning N-C · permitted uses
N-C · Stanhope, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stanhope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
172 Lackawanna Ave LLC
Entity
Mailing address
11 ALCOR RD, RANDOLPH, NJ 07869-2701
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
$799,000
172 Lackawanna Ave LLC
Two Jersey Boys Real Estate Hldg Ll
Deed
$649,000 · Two Jersey Boys Real Estate Hldg Ll
Oct 4, 2017
—
Two Jersey Boys Real Est Holdi
—
Deed
related
$165,000 · Highlands St Bk
Oct 17, 2008
$398,000
Jersey Boys Real Estate Ho Two
172 Lackawanna Drive LLC
Grant Deed
—
Mar 25, 2008
$300,000
172 Lackawanna Drive LLC
Carolyn & Donald Falconer INC
Grant Deed
—
Mar 15, 2007
$300,000
172 Lackawanna Drive LLC
Donald E Falconer & Carolyn J
Grant Deed
$275,000 · Donald E Falconer & Carolyn J
—
—
Jersey Boys Estate Holding Two
—
Deed Of Trust
related
$18,271 · Down/barbecue & Co LLC
—
—
Two Jersey Boys Real Est Holdi
—
Deed Of Trust
related
$165,000 · Highlands St Bk
—
—
172 Lackawanna Drive LLC
—
Deed Of Trust
related
$275,000 · Carolyn & Donald Falconer INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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