205 18th St 221 East Orange, NJ 07018-3902
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$5.20M
Range $4.68M – $5.71M (±10%)
Property ID
US59-1955415
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1930
Total area
86,926 SF
Lot
2.02 ac (88,200 SF)
Zoning code
RO
APN
05 00011-0000-00001
UPID
US59-1955415
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$5.20M
Owner & transaction history
since 2026
Last sale
$5.7M
2 recorded transactions
Zoning & alternative use
RO · East Orange, NJ
Zoning description
ct TR-2 District Transit Area Medium Density Residential TR-3 District Transit Area Multifamily Structures, Townhouses, Garden Apartments TR-4 District Transit Area Multifamily Structures, High-Rise Apartments, Hotels T-…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.20M
Value range
$4.68M – $5.71M
±10% around blend
Estimated value / SF
$60 / SF
Confidence
Low
4 county-verified comps
Property data
88
Comparable evidence
40
$4.68M
blend $5.20M
$5.71M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
86,926 SF
Lot area
2.02 ac
Year built
1930
Stories
1
APN
05 00011-0000-00001
Assessed value
$2,924,700
Annual tax
$92,655
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$27.48M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.9 mi away · 63,814 SF
15.9 mi away · 88,000 SF
22.3 mi away · 72,248 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.70M
Move the market yield to see immediate price impact.
Value / SF
$66
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$359k
$7.18M
$5.13M
$3.99M
$399k
$7.98M
$5.70M
$4.43M
$439k
$8.78M
$6.27M
$4.88M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$33.33M
13.9 mi · Feb 2026 · $509/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$92,655
Tax year 2023
Assessed value
$2,924,700
Assessed 2024
Previous assessed
$2,924,700
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$1,411,200
Assessed improvement
$1,513,500
Land market value
$1,411,200
Improvement market value
$1,513,500
Total market value
$2,924,700
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Heating
NONE
Stories
1
Units
1
Total area
86,926 SF
Lot
2.02 ac (88,200 SF)
Zoning code
RO
APN
05 00011-0000-00001
UPID
US59-1955415
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RO · East Orange, NJZoning RO · permitted uses
RO · East Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ct TR-2 District Transit Area Medium Density Residential TR-3 District Transit Area Multifamily Structures, Townhouses, Garden Apartments TR-4 District Transit Area Multifamily Structures, High-Rise Apartments, Hotels T-…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Units
1
Lot
2.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
RO
RESIDENTIAL
Jurisdiction
East Orange, NJ
Recorded code
RO
Official district
RO
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RO in East Orange, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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