Entity Owned 
For Lease
1 / 13
$2,600/Mo
209 Cooper Ave,Unit 7, Montclair, NJ 07043
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Property summary
AI-generated overview
The Livery Building is located in the Upper Montclair Business District and is positioned near the Upper Montclair train station and local business amenities. The property includes an office suite identified as Suite 7, configured with three offices, a generous hallway, and a large meeting space. The space is intended for office use.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1903
Construction
BRICK
Total area
13,278 SF
Lot
0.32 ac (13,861 SF)
Zoning code
NC
APN
13 02604-0000-00014
UPID
US59-1776530
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Physician Medical Clinic
-
Physician Medical Clinic
-
Insurance Agency
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.85M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$4.83M
Owner & transaction history
since 2022
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
NC · Montclair, NJ
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 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.83M
Value range
$4.35M – $5.31M
±10% around blend
Estimated value / SF
$364 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$4.35M
blend $4.83M
$5.31M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,278 SF
Lot area
0.32 ac
Year built
1903
Stories
2
APN
13 02604-0000-00014
Zoning
NC
Assessed value
$2,383,000
Annual tax
$78,353
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.82M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.06M
@ 6.5% CAP return
$2.82M
@ 7% CAP return
$2.62M
4
Sales comparison
Partial preview
Sales approach indication
$2.44M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.6 mi away · 10,326 SF
5.5 mi away · 12,000 SF
5.6 mi away · 12,503 SF
8.4 mi away · 10,180 SF
8.9 mi away · 12,589 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.83M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$436
-17%
Submarket 94 sales
$400
-9%
County 734 sales
$295
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $364/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.80%
Implied, in-place cap rate for this other commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.80%
9.0%
NOI (est.)
$275k *
Last sale · Aug 2022
$3.93M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.23M
Move the market yield to see immediate price impact.
Value / SF
$545
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
3.30%3.80%4.30%
$247k
$7.49M
$6.51M
$5.75M
$275k
$8.33M
$7.23M
$6.39M
$302k
$9.16M
$7.95M
$7.03M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$2.20M
1.7 mi · Jan 2026 · $202/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$78,353
Tax year 2022
Assessed value
$2,383,000
Assessed 2023
Previous assessed
$2,383,000
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$727,800
Assessed improvement
$1,655,200
Land market value
$727,800
Improvement market value
$1,655,200
Total market value
$2,383,000
Applied tax rate
13.0000
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
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1903
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
13,278 SF
Lot
0.32 ac (13,861 SF)
Zoning code
NC
APN
13 02604-0000-00014
UPID
US59-1776530
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
NC · Montclair, NJZoning NC · permitted uses
NC · Montclair, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1903
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
NC
Jurisdiction
Montclair, NJ
Recorded code
NC
Ownership Intelligence
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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
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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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