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Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Commercial real estate
2 Chamonix Dr Vernon, NJ 07462-4600
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0040514
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
17,936 SF
Lot
15.21 ac (662,548 SF)
APN
22 00527-0000-00001
UPID
US59-0040514
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$3.15M
Owner & transaction history
Jeffrey A Thorne · 2 yrs held
Jeffrey A Thorne
since 2024
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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%
$2,960,000
6.5%
$2,730,000
7%
$2,535,000
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±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
$175 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$103,720
Tax year 2023
Assessed value
$4,250,000
Assessed 2024
Previous assessed
$4,250,000
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$1,882,200
Assessed improvement
$2,367,800
Land market value
$1,882,200
Improvement market value
$2,367,800
Total market value
$4,250,000
Applied tax rate
22.0000
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
Off-Market
Year built
2004
Heating
NONE
Units
1
Total area
17,936 SF
Lot
15.21 ac (662,548 SF)
APN
22 00527-0000-00001
UPID
US59-0040514
Jurisdiction
SUSSEX
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
2004
Heating
NONE
Units
1
Lot
15.21 ac
Current owner
From public records · entity-resolved
Jeffrey A Thorne
Individual
Free & Clear · 2 yrs held
Mailing address
7580 RED BUD RD, GRANITE BAY, CA 95746-9595
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
38 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
—
Jeffrey A Thorne
Ronald A Weitz
Warranty Deed
—
Mar 10, 2020
—
Minerals Resort & Spa Spe LLC
Minerals Resort & Spa INC
Quit Claim Deed
—
Sep 6, 2018
$40,100
Anton Parisi
Hutama,sandi & Lili
Grant Deed
—
Jan 6, 2015
$39,000
Gregory Pych
Deluca,vincent
Grant Deed
—
Dec 18, 2014
$40,000
Ming Zhang
Mcardie,patrick
Grant Deed
—
Apr 14, 2011
—
Lema-medina,rose D
Merten,william & Barbara
Warranty Deed
related
—
Apr 12, 2005
$137,500
Guarnera,rosa & Innocenzo
Malleo,nancy
Grant Deed
—
Dec 23, 2004
$132,000
Diskin,cindy
Zacharias,andrew
Grant Deed
—
Jul 7, 2004
$102,500
Tara Trigg
Detwiller,kevin A & Rachael
Grant Deed
—
Jan 16, 2004
$80,000
Andrew Saland
Crystal Spring Development LLC
Grant Deed
—
Dec 19, 2003
$70,000
Kevin J Hanlon
Crystal Springs Development
Grant Deed
—
Dec 15, 2003
$101,000
Mahesh Patel
Crystal Springs Development Ll
Grant Deed
$117,394 · First Interstate Financial
Dec 15, 2003
$74,000
Mahesh Patel
Crystal Springs Development Ll
Grant Deed
—
Dec 12, 2003
$75,000
Brillette Realty LLC
Crystal Springs Development Ll
Grant Deed
—
Dec 12, 2003
$98,000
Brillette Realty LLC
Crystal Springs Development Ll
Grant Deed
—
Dec 12, 2003
$77,000
Brillette Realty LLC
Crystal Springs Development Ll
Grant Deed
—
Dec 8, 2003
$109,000
Sergio Tisi
Crystal Springs Development Ll
Grant Deed
—
Oct 1, 2003
—
Spa At Crystal Springs INC
—
Deed Of Trust
related
$1,000,000 · Boiling Springs Savings Bank
May 13, 2002
—
Crystal Springs Dev LLC
Spa At Crystal Springs INC
Quit Claim Deed
related
—
Jul 18, 2001
—
Spa At Crystal Springs INC
—
Deed Of Trust
related
$1,300,000 · Boiling Springs Savings Bank
—
—
Gigante,alfred D & Jean
—
Deed Of Trust
related
$93,510 · Wells Fargo Bk
—
—
Lally,david P
—
Deed Of Trust
related
$83,900 · Gateway Fndg
—
—
Vincent J Rosarbo
—
Deed Of Trust
related
$101,124 · Wells Fargo Home Mortgage INC
—
—
Robert W Koeck
—
Deed Of Trust
related
$60,800 · Wells Fargo Home Mortgage INC
—
—
Pena,veronica
—
Deed Of Trust
related
$83,888 · Wells Fargo Bk
—
—
Perlstein,ira & Cory
—
Deed Of Trust
related
$67,424 · Wells Fargo Bk
—
—
Cardella,daniel M & Andrea M
—
Deed Of Trust
related
$66,640 · Wells Fargo Bk
—
—
Spa At Crystal Springs INC
—
Deed Of Trust
related
$800,000 · Boiling Springs Savings Bank
—
—
Christie,chris L & Liberata C
—
Deed Of Trust
related
$63,700 · Wells Fargo Bk
—
—
Bower,mark R
—
Deed Of Trust
related
$66,640 · Wells Fargo Bk
—
—
Kenneth M Dalton
—
Deed Of Trust
related
$89,600 · Wells Fargo Home Mortgage INC
—
—
Sunil K Aggarwal
—
Deed Of Trust
related
$62,400 · Wells Fargo Home Mortgage INC
—
—
Sunil K Aggarwal
—
Deed Of Trust
related
$60,000 · Wells Fargo Home Mortgage INC
—
—
Robert Spillane
—
Deed Of Trust
related
$69,305 · Wells Fargo Home Mortgage INC
—
—
Spa At Crystal Springs INC
—
Deed Of Trust
related
$1,700,000 · Boiling Springs Savings Bank
—
—
Crystal Springs Builders LLC
—
Deed Of Trust
related
$1,300,000 · Boiling Springs Savings Bank
—
—
Wbss Group INC
—
Deed Of Trust
related
$90,000 · Bank Of Nj
—
—
Hyer,frederick E & Patricia C
—
Deed Of Trust
related
$60,000 · Wells Fargo Hm Mtg
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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