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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Retail space
183 18th St 193 East Orange, NJ 07018-3902
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-1818699
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Total area
17,880 SF
Lot
0.69 ac (30,100 SF)
Zoning code
RO
APN
05 00011-0000-00005
UPID
US59-1818699
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
-
New Jersey Motor Vehicle Commission Department Of Motor Vehicles
-
Family Dollar Discount Store
-
Mvc Agency Department Of Motor Vehicles
-
Essence Herbs Dispensary Med - Rec Center Physician
-
David Vegetarian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
Jber Group LLC · 19 yrs held
Jber Group LLC
since 2006
7 recorded transactions
Zoning & alternative use
RO · East Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ct TR-2 District Transit Area Medium Density Residential TR-3 District Transit Area Multifamily Structures, Townhouses, Garden Apartments TR-4 District Transit Area Multifamily Structures, High-Rise Apartments, Hotels T-RO District Transit Area High-Rise Multifamily Structures; Offices NW District North Walnut Street Redevelopment Area LM District Lower Main…
Zone name
High Rise Multifamily Structures And Offices
General category
RESIDENTIAL
Zone area
33.39 ac
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,690,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,180,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,125,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$1,745,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,690,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,585,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$130 / 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
$52,933
Tax year 2022
Assessed value
$1,821,500
Assessed 2023
Previous assessed
$1,821,500
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$662,200
Assessed improvement
$1,159,300
Land market value
$662,200
Improvement market value
$1,159,300
Total market value
$1,821,500
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Heating
NONE
Stories
1
Units
1
Total area
17,880 SF
Lot
0.69 ac (30,100 SF)
Zoning code
RO
APN
05 00011-0000-00005
UPID
US59-1818699
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RO · East Orange, NJZoning RO · permitted uses
RO · East Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ct TR-2 District Transit Area Medium Density Residential TR-3 District Transit Area Multifamily Structures, Townhouses, Garden Apartments TR-4 District Transit Area Multifamily Structures, High-Rise Apartments, Hotels T-RO District Transit Area High-Rise Multifamily Structures; Offices NW District North Walnut Street Redevelopment Area LM District Lower Main Street Area - Phase 2 Area Regulations for these districts are contained in this
Zone name
High Rise Multifamily Structures And Offices
General category
RESIDENTIAL
Zone area
33.39 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.7M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Jber Group LLC
Entity
Mailing address
PO BOX 1577, LINDEN, NJ 07036-0006
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2006
—
Jber Group LLC
Berakha,jack
Grant Deed
related
—
Apr 20, 2006
—
Jb Group LLC
Berakha,jack
Grant Deed
related
—
Jul 8, 2005
$999,000
Jack Berakha
183 South 18th LLC
Grant Deed
—
—
—
Jber Group LLC
—
Deed Of Trust
related
$500,000 · Interaudi Bank
—
—
Jber Group LLC
—
Deed Of Trust
related
$1,000,000 · Interaudi Bank
—
—
Jber Group LLC
—
Deed Of Trust
related
$375,000 · Interaudi Bank
—
—
Jber Group LLC
—
Deed Of Trust
related
$4,800,000 · Interaudi Bank
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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