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Property profile & analytics
FOR LEASE
Commercial real estate
187 Washington Ave Nutley, NJ 07110
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2030589
For Lease
1 / 9
$2,100/Mo
187 Washington Ave, Nutley, NJ 07110
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Lot
0.81 ac (35,318 SF)
Zoning code
B-4
APN
16 06603-0000-00009
UPID
US59-2030589
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
-
The Micklin Law Group, LLC | Men's Divorce & Family Lawyer New Jersey Law Firm
-
The Rosen Group CPAs Tax Preparation
-
Cristina Salazar Physician
-
Skin Suite Medical Clinic Skin Care Clinic
-
Nicholas Stabile Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Washington Properties Nutley LLC · 5 yrs held
Washington Properties Nutley LLC
since 2021
4 recorded transactions
Zoning & alternative use
B-4 · Nutley, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Permitted uses in B-4 Zoning District. The following uses and buildings shall be permitted in B-4 District: Neighborhood retail stores and personal and household service establishments, as defined in Article III . No loading or unloading across any sidewalk is permitted. No crating, outdoor display and/or outdoor sales are permitted, except that occasional o…
Zone name
General Business
General category
COMMERCIAL
Zone area
27.53 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 Nutley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nutley 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
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
—
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
$100,499
Tax year 2022
Assessed value
$3,562,500
Assessed 2023
Previous assessed
$2,600,900
+37.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,075,100
Assessed improvement
$2,487,400
Land market value
$1,075,100
Improvement market value
$2,487,400
Total market value
$3,562,500
Applied tax rate
16.0000
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
For Lease
Year built
1954
Heating
NONE
Units
1
Lot
0.81 ac (35,318 SF)
Zoning code
B-4
APN
16 06603-0000-00009
UPID
US59-2030589
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-4 · Nutley, NJZoning B-4 · permitted uses
B-4 · Nutley, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Permitted uses in B-4 Zoning District. The following uses and buildings shall be permitted in B-4 District: Neighborhood retail stores and personal and household service establishments, as defined in Article III . No loading or unloading across any sidewalk is permitted. No crating, outdoor display and/or outdoor sales are permitted, except that occasional outdoor sales may be held as provided by Ordinance No. 1845. [1] [1]
Zone name
General Business
General category
COMMERCIAL
Zone area
27.53 ac
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Units
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Washington Properties Nutley LLC
Entity
Mailing address
82 CHESTNUT ST, NUTLEY, NJ 07110-2433
Ownership since
2021
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
Sep 12, 2023
—
Washington Properties Nutley LLC
—
Deed
related
$350,000 · Gsl Savings Bank Sla
Mar 31, 2021
—
Washington Properties Nutley LLC
J&e Magnifico 187 Realty LLC
Quit Claim Deed
related
$2,500,000 · Columbia Bank
—
—
Jack Magnifico
—
Deed Of Trust
related
$500,000 · Pascack Community Bank
—
—
Jack Magnifico
—
Deed Of Trust
related
$345,000 · Pascack Community 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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