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Property profile & analytics
OFF-MARKET
Estimated value
$3,530,000
Commercial real estate
18 Orange Ave South Orange, NJ 07079-3701
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3187174
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
BRICK
Total area
10,492 SF
Lot
0.09 ac (4,095 SF)
Zoning code
CBRZ
APN
19 01908-0000-00008
UPID
US59-3187174
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
-
Eventage Marketing & Advertising Event Planning
-
Chase Bank Bank Loan Service
-
L.E.A.P. @ Seton Hall University Research Institute School
-
Three Birds Yoga Studio Gym & Fitness Center
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.57M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$3.53M
Owner & transaction history
Wendell Residences LLC · 4 yrs held
Wendell Residences LLC
since 2022
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
CBRZ · South Orange, NJ
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 South Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Orange 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
$4,555,000
ML approach
$4,570,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Blend value · Realmo final
$3.53M
Range $3.18M – $3.88M · ±10% · vs last sale $3.70M (Jul 11 2022)
Last sale anchor
$3.70M
Jul 11 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
$336 / 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
$105,452
Tax year 2022
Assessed value
$3,006,900
Assessed 2023
Previous assessed
$3,006,900
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$245,700
Assessed improvement
$2,761,200
Land market value
$245,700
Improvement market value
$2,761,200
Total market value
$3,006,900
Applied tax rate
19.0000
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
2000
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
10,492 SF
Lot
0.09 ac (4,095 SF)
Zoning code
CBRZ
APN
19 01908-0000-00008
UPID
US59-3187174
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CBRZ · South Orange, NJZoning CBRZ · permitted uses
CBRZ · South Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Print Preview
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Wendell Residences LLC
Entity
Mailing address
395 NN ST #230, PITTSFIELD, MA 01201-4603
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
$3,700,000
Wendell Residences LLC
Wlpm INC
Deed
$2,500,000 · Lakeland Bank
—
—
Wlpm INC
—
Deed Of Trust
related
$500,000 · Peapack Gladstone Bank
—
—
Wlpm INC
—
Deed Of Trust
related
$2,500,000 · Peapack Gladstone Bank
—
—
Wlpm INC
—
Deed Of Trust
related
$2,300,000 · Provident Bk
—
—
Wlpm INC
—
Deed Of Trust
related
$300,000 · Provident Bk
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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