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Property profile & analytics
OFF-MARKET
Estimated value
$15,305,000
Commercial real estate
175 Park Ave Florham Park, NJ 07932-1003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1695555
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Lot
12.59 ac (548,551 SF)
Zoning code
U
APN
11 01301-0000-00003
UPID
US59-1695555
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
-
Arnold & Porter Kaye Scholer Law Firm
-
Wyndham Hamilton Park Hotel & Conference Center Hotel & Motel
-
ATM Atm
-
The Malon Resort Hotel & Motel
-
Encore Rental Equipment Company Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.31M
Owner & transaction history
One Seventy Five Park Ave LLC · 3 yrs held
One Seventy Five Park Ave LLC
since 2023
Last sale
$14.6M
4 recorded transactions
Zoning & alternative use
U · Florham Park, 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 Florham Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florham Park 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
$16,750,000
ML approach
$10,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.31M
Range $13.77M – $16.84M · ±10% · vs last sale $14.58M (Mar 14 2023)
Last sale anchor
$14.58M
Mar 14 2023
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
—
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
$338,520
Tax year 2022
Assessed value
$21,000,000
Assessed 2023
Previous assessed
$21,000,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$6,796,500
Assessed improvement
$14,203,500
Land market value
$6,796,500
Improvement market value
$14,203,500
Total market value
$21,000,000
Applied tax rate
11.0000
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
1988
Heating
NONE
Lot
12.59 ac (548,551 SF)
Zoning code
U
APN
11 01301-0000-00003
UPID
US59-1695555
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
U · Florham Park, NJ
Zoning U · permitted uses
U · Florham Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florham Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
12.59 ac
Current owner
From public records · entity-resolved
One Seventy Five Park Ave LLC
Entity
Mailing address
102 DRAKESTOWN RD, HACKETTSTOWN, NJ 07840-5686
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
$14,580,000
One Seventy Five Park Ave LLC
Hpt Ihg 2 Properties Trust
Deed
—
Aug 6, 2013
$47,475
Hpt Ihg-2 Properties Trust
Lh Florham Holding LLC
Grant Deed
—
Sep 13, 2010
—
Lh Florham Holding LLC
—
Deed Of Trust
related
$76,765,490 · Prudential Insurance Co
—
—
Lh Florham Holdings LLC
—
Deed Of Trust
related
$99,135,000 · Prudential Insurance Co
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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