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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Commercial real estate
193 Terrill Rd, Fanwood, NJ 07023-1055
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-2333401
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Total area
14,205 SF
Lot
0.33 ac (14,170 SF)
APN
05 00001-0000-00002
UPID
US59-2333401
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
-
Fanwood Back Relief Center Alternative Medicine Practice
-
Dr. Thomas Dipaolo Physician
-
Victory Counseling LLC Crisis Center Medical Clinic
-
Eric Chludzinski Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.67M
Owner & transaction history
Creative Property Management Of Nj · 3 yrs held
Creative Property Management Of Nj
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fanwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fanwood 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
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±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
$118 / 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
$48,741
Tax year 2022
Assessed value
$1,736,400
Assessed 2023
Previous assessed
$1,736,400
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$244,000
Assessed improvement
$1,492,400
Land market value
$244,000
Improvement market value
$1,492,400
Total market value
$1,736,400
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2015
Heating
NONE
Stories
2
Total area
14,205 SF
Lot
0.33 ac (14,170 SF)
APN
05 00001-0000-00002
UPID
US59-2333401
Jurisdiction
UNION
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
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Creative Property Management Of Nj
Entity
Free & Clear · 3 yrs held
Mailing address
80 W GRAND ST, ELIZABETH, NJ 07202-1471
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
Creative Property Management Of Nj
Community Access Unlimited INC
Deed
—
Sep 21, 2015
—
Community Access Unlimited INC
Community Access Unlimited INC
Quit Claim Deed
related
—
Sep 27, 2012
$350,000
Community Access Unlimited INC
Drejaj Residential Dev LLC
Grant Deed
—
Feb 5, 2008
$690,000
Drejaj Residential Development LLC
Leonardo Hernandez
Deed
$617,500 · Investors Savings Bank
Nov 1, 2006
$400,000
Leonardo Hernandez
Preferred Acquisitions LLC
Grant Deed
—
Jan 27, 2006
$1
Yolanda Garzon
Chris-don INC
Grant Deed
—
—
—
Michael Figler
—
Deed Of Trust
related
$570,000 · Mehta Family LLC
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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