Individually Owned Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
50,577 SF
Lot
4.16 ac (181,210 SF)
Zoning code
B-2B
APN
10 00096-0000-00076- 01
UPID
US59-1554449
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
$5.72M
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$4.20M
Owner & transaction history
since 2026
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
B-2B · East Hanover, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.20M
Value range
$3.78M – $4.62M
±10% around blend
Estimated value / SF
$83 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$3.78M
blend $4.20M
$4.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
50,577 SF
Lot area
4.16 ac
Year built
1980
Stories
1
APN
10 00096-0000-00076- 01
Zoning
B-2B
Assessed value
$6,000,000
Annual tax
$152,700
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.72M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.19M
@ 6.5% CAP return
$5.72M
@ 7% CAP return
$5.31M
4
Sales comparison
Partial preview
Sales approach indication
$12.50M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.8 mi away · 43,148 SF
9.9 mi away · 40,266 SF
11.3 mi away · 39,740 SF
14.9 mi away · 46,574 SF
15.0 mi away · 39,364 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$285
-71%
Submarket 20 sales
$285
-71%
County 762 sales
$243
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $83/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
8.80%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.80%
9.0%
NOI (est.)
$294k *
Last sale · Oct 2024
$4.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.34M
Move the market yield to see immediate price impact.
Value / SF
$66
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.30%8.80%9.30%
$265k
$3.19M
$3.01M
$2.85M
$294k
$3.54M
$3.34M
$3.16M
$324k
$3.90M
$3.68M
$3.48M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$14.53M
2.9 mi · Dec 2025 · $298/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$152,700
Tax year 2023
Assessed value
$6,000,000
Assessed 2024
Previous assessed
$6,000,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$2,288,000
Assessed improvement
$3,712,000
Land market value
$2,288,000
Improvement market value
$3,712,000
Total market value
$6,000,000
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
50,577 SF
Lot
4.16 ac (181,210 SF)
Zoning code
B-2B
APN
10 00096-0000-00076- 01
UPID
US59-1554449
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-2B · East Hanover, NJZoning B-2B · permitted uses
B-2B · East Hanover, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
4.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-2B
Jurisdiction
East Hanover, NJ
Recorded code
B-2B
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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