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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Commercial real estate
20 Cotluss Rd Riverdale, NJ 07457-1400
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-0280603
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
8,384 SF
Lot
1.65 ac (72,000 SF)
Zoning code
I
APN
33 00028-0000-00001
UPID
US59-0280603
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
$945k
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.17M
Owner & transaction history
Kdk Flex Space LLC · 8 yrs held
Kdk Flex Space LLC
since 2017
7 recorded transactions
Zoning & alternative use
I · Riverdale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I Industrial: to provide within the Borough a district for industrial development to serve the Borough's and the region's needs. The district will provide employment for the needs of the Borough and the region and industrial use compatible with and enhancing the surrounding uses. O. IQ Industrial Quarry: is intended where single ownership of a minimum of 10…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
99.19 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 Riverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverdale 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%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,755,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$139 / 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
$25,634
Tax year 2022
Assessed value
$1,498,600
Assessed 2023
Previous assessed
$1,370,800
+9.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$406,800
Assessed improvement
$1,091,800
Land market value
$406,800
Improvement market value
$1,091,800
Total market value
$1,498,600
Applied tax rate
33.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
8,384 SF
Lot
1.65 ac (72,000 SF)
Zoning code
I
APN
33 00028-0000-00001
UPID
US59-0280603
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Riverdale, NJZoning I · permitted uses
I · Riverdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I Industrial: to provide within the Borough a district for industrial development to serve the Borough's and the region's needs. The district will provide employment for the needs of the Borough and the region and industrial use compatible with and enhancing the surrounding uses. O. IQ Industrial Quarry: is intended where single ownership of a minimum of 10 acres will provide for a planned industrial area. The area is planned to provide industrial properties requiring larger tracts with the accompanying increased traffic patterns and parking areas. P. AHO Affordable Housing Overlay District: to provide development that contributes to the Borough of Riverdale's municipal affordable housing obligation, while allowing developers increased flexibility to provide more residential units when a required on-site affordable housing set-aside is provided. Q.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
99.19 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.8M
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
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
1.65 ac
Current owner
From public records · entity-resolved
Kdk Flex Space LLC
Entity
Mailing address
PO BOX 211, SPARTA, NJ 07871-0211
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2017
—
Kdk Flex Space LLC
Kecmer,karen D
Grant Deed
related
$800,000 · First Hope Bk
Jul 12, 2017
—
Karen D Kecmer
Akf Properties LLC
Quit Claim Deed
related
—
Mar 5, 2007
$1
Dave N Desal
Desak,david
Grant Deed
related
—
—
—
Akf Properties LLC
—
Deed Of Trust
related
$300,000 · Regal Bank
—
—
A K F Properties LLC
—
Deed Of Trust
related
$900,000 · Regal Bank
—
—
Afk Properties LLC
—
Deed Of Trust
related
$220,000 · Franklin Bank
—
—
Akf Properties LLC
—
Deed Of Trust
related
$300,000 · Franklin Bank
—
—
Akf Properties LLC
—
Deed Of Trust
related
$100,000 · Franklin 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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