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Property profile & analytics
FOR LEASE
Commercial real estate
1966 Washington Valley Rd, Martinsville, NJ 08836
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US59-0704155
For Lease
1 / 5
$3,800/Mo
1966 Washington Valley Rd, Martinsville, NJ 08836
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
12,480 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C1
APN
06 00708-0000-00022
UPID
US59-0704155
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
-
Favetta Jr George T DDS Dental Office Physician
-
The MAX Challenge Gym & Fitness Center
-
Cafe Venezia Ristorante Italiano Restaurant
-
Galaxy Nail & Spa Nail Salon
-
A New Day Wellness Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$2.03M
Owner & transaction history
Dc Real Estate Holding LLC · 16 yrs held
Dc Real Estate Holding LLC
since 2010
4 recorded transactions
Zoning & alternative use
C1 · Martinsville, NJ
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 Martinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinsville 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
COMMERCIAL (GENERAL)
$3,195,000
Current use
OFFICE BUILDING
$2,575,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±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
$163 / 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
$46,263
Tax year 2022
Assessed value
$2,243,600
Assessed 2023
Previous assessed
$2,243,600
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$372,500
Assessed improvement
$1,871,100
Land market value
$372,500
Improvement market value
$1,871,100
Total market value
$2,243,600
Applied tax rate
6.0000
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
For Lease
Heating
NONE
Total area
12,480 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C1
APN
06 00708-0000-00022
UPID
US59-0704155
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C1 · Martinsville, NJ
Zoning C1 · permitted uses
C1 · Martinsville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martinsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
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
Heating
NONE
Lot
1.49 ac
Current owner
From public records · entity-resolved
Dc Real Estate Holding LLC
Entity
Mailing address
70 FLORAL AVE, NEW PROVIDENCE, NJ 07974-1511
Ownership since
2010
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
Feb 12, 2020
—
Cd Real Estate Holding LLC
—
Deed
related
$1,800,000 · Valley Nat'l Bk
Mar 10, 2010
$2,510,000
Dc Real Estate Holding LLC
Martinsville Plaza LLC
Grant Deed
$2,600,000 · Peapack Gladstone Bank
—
—
Martinsville Plaza LLC
—
Deed Of Trust
related
$231,337 · Peapack Gladstone Bank
—
—
Cd Real Estate Holding LLC
—
Deed Of Trust
related
$1,800,000 · Valley Nat'l Bk
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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