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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Commercial real estate
200 Highland Ave Glen Ridge, NJ 07028-1528
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1838066
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
12,606 SF
Lot
0.99 ac (42,930 SF)
Zoning code
B
APN
08 00090-0000-00004
UPID
US59-1838066
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
-
Paul Dionne Dental Office
-
Kennedy Daftani Pediatrician Physician
-
Barry Weber, MD Physician
-
elaine douglas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$3.57M
Owner & transaction history
Jmf 200 Highland LLC · 3 yrs held
Jmf 200 Highland LLC
since 2022
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
B · Glen Ridge, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to promote professional and office, nursing homes, public and private schools, municipal buildings and libraries.
Zone name
Office Professional Buildings Nursing Homes Libraries Public And Private Schools And Municipal Buildings
General category
CIVIC_INSTITUTIONAL
Zone area
16.04 ac
Source
Realmo
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 Glen Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Ridge 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
$3,570,000
ML approach
$3,695,000
CAP Approach
CAP Return
Estimation
6%
$2,900,000
6.5%
$2,675,000
7%
$2,485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,715,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,445,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10% · vs last sale $2.90M (Nov 18 2022)
Last sale anchor
$2.90M
Nov 18 2022
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
$283 / 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
$74,629
Tax year 2022
Assessed value
$2,266,300
Assessed 2023
Previous assessed
$2,266,300
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$1,179,500
Assessed improvement
$1,086,800
Land market value
$1,179,500
Improvement market value
$1,086,800
Total market value
$2,266,300
Applied tax rate
8.0000
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
1970
Heating
NONE
Units
1
Total area
12,606 SF
Lot
0.99 ac (42,930 SF)
Zoning code
B
APN
08 00090-0000-00004
UPID
US59-1838066
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B · Glen Ridge, NJZoning B · permitted uses
B · Glen Ridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to promote professional and office, nursing homes, public and private schools, municipal buildings and libraries.
Zone name
Office Professional Buildings Nursing Homes Libraries Public And Private Schools And Municipal Buildings
General category
CIVIC_INSTITUTIONAL
Zone area
16.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1970
Heating
NONE
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Jmf 200 Highland LLC
Entity
Free & Clear · 3 yrs held
Mailing address
80 S JEFFERSON RD #202, WHIPPANY, NJ 07981-1049
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$2,900,000
Jmf 200 Highland LLC
Bay Street Realty Company
Re-recorded Document
related
—
Nov 18, 2022
$2,900,000
Jmf 200 Highland LLC
Bay Street Realty Company
Deed
—
—
—
Ada I Lee
—
Deed Of Trust
related
$90,900 · Wachovia Bank NA
—
—
Ada I Lee
—
Deed Of Trust
related
$46,900 · Wachovia Bank NA
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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