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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Commercial real estate
20 Jefferson Rd Whippany, NJ 07981-1030
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0545466
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Construction
CONCRETE BLOCKS
Total area
6,539 SF
Lot
1 ac (43,560 SF)
Zoning code
IP
APN
12 09102-0000-00009
UPID
US59-0545466
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
-
Schleifer Construction Inc Construction Company General Contractor
-
Leap Brands Employment Agency
-
Playground Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.05M
Owner & transaction history
20sjw LLC · 2 yrs held
20sjw LLC
since 2024
Last sale
$999,000
4 recorded transactions
Zoning & alternative use
IP · Whippany, 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 Whippany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whippany 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
$1,150,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,590,000
Current use
OFFICE BUILDING
$1,370,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $999k (Jan 25 2023)
Last sale anchor
$999k
Jan 25 2023
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
$160 / 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
$21,559
Tax year 2023
Assessed value
$1,027,100
Assessed 2024
Previous assessed
$1,027,100
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$325,000
Assessed improvement
$702,100
Land market value
$325,000
Improvement market value
$702,100
Total market value
$1,027,100
Applied tax rate
12.0000
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
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
6,539 SF
Lot
1 ac (43,560 SF)
Zoning code
IP
APN
12 09102-0000-00009
UPID
US59-0545466
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
IP · Whippany, NJ
Zoning IP · permitted uses
IP · Whippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whippany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
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
Year built
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
20sjw LLC
Entity
Free & Clear · 2 yrs held
Mailing address
20 N JEFFERSON RD, WHIPPANY, NJ 07981-1030
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
—
20sjw LLC
16sjw LLC
Quitclaim Deed
related
—
Jan 25, 2023
$999,000
Loconte Enterprises LLC
Schleifer Realty
Deed
—
Oct 6, 2021
—
16sjw LLC
—
Deed
related
$968,000 · Trenton Business Assistance Corporation
Apr 8, 2021
$1,925,000
16sjw LLC
P&g Investment Group LLC
Bargain & Sale Deed
$1,175,000 · Provident 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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