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Property profile & analytics
OFF-MARKET
Estimated value
$8,495,000
Office buildings
185 Central Ave East Orange, NJ 07018-3332
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1855797
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
57,598 SF
Lot
0.57 ac (24,999 SF)
APN
05 00211-0000-00009
UPID
US59-1855797
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
-
Spine Central LLC Alternative Medicine Practice
-
East Orange Family Dental Dental Office
-
Today's Dental Care Dental Office
-
Williams Jr Le Roy DDS Dental Office
-
Daniel E Williams Pa Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$8.50M
Owner & transaction history
Central Offices LLC · 2 yrs held
Central Offices LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.0M
+7.6%
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
OFFICE BUILDING
$12,090,000
Current use
INDUSTRIAL (GENERAL)
$13,010,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$8.50M
Range $7.65M – $9.34M · ±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
$147 / 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
$168,452
Tax year 2022
Assessed value
$5,796,700
Assessed 2023
Previous assessed
$5,796,700
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$1,100,000
Assessed improvement
$4,696,700
Land market value
$1,100,000
Improvement market value
$4,696,700
Total market value
$5,796,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
NONE
Stories
4
Units
1
Total area
57,598 SF
Lot
0.57 ac (24,999 SF)
APN
05 00211-0000-00009
UPID
US59-1855797
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$13.0M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
1973
Heating
NONE
Stories
4
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Central Offices LLC
Entity
Mailing address
8 LOMBARDY ST, NEWARK, NJ 07102-3210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 5, 2024
—
Central Offices LLC
Central Suites LLC
Correction Deed
related
—
Feb 24, 2022
—
Central Enterprise LLC
Central Suites LLC
Deed
—
Aug 3, 2018
$3,900,000
Central Suites LLC
New Tide LLC
Other
$3,637,500 · Bethpage FCU
Apr 7, 2017
—
Crosgrove,jennifer L Trust
Cosgrove,jennifer L
Quit Claim Deed
related
—
Nov 2, 2005
$2,400,000
New Tide LLC
Parkway Holding
Deed Of Trust
related
$1,300,000 · Nara Bank
—
—
New Tide LLC
—
Deed Of Trust
related
$1,440,000 · Pacific Cty Bk
—
—
New Tide LLC
—
Deed Of Trust
related
$1,300,000 · Saehan 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.
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