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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Office buildings
21 Bowling Grn Pkwy Lake Hopatcong, NJ 07849-3200
Entity Owned
15-yr Hold
Free & Clear
Property ID
US59-1263988
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
22,680 SF
Lot
3.59 ac (156,511 SF)
Zoning code
C-2
APN
14 00273- 01-00002- 051
UPID
US59-1263988
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
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.36M
Owner & transaction history
Bowling Green Parkway LLC · 15 yrs held
Bowling Green Parkway LLC
since 2010
7 recorded transactions
Zoning & alternative use
C-2 · Lake Hopatcong, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+16.2%
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 Lake Hopatcong submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Hopatcong 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,750,000
Current use
COMMERCIAL (GENERAL)
$5,515,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,055,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±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
$148 / 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
$70,121
Tax year 2022
Assessed value
$2,460,400
Assessed 2023
Previous assessed
$2,460,400
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$560,400
Assessed improvement
$1,900,000
Land market value
$560,400
Improvement market value
$1,900,000
Total market value
$2,460,400
Applied tax rate
14.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Stories
2
Total area
22,680 SF
Lot
3.59 ac (156,511 SF)
Zoning code
C-2
APN
14 00273- 01-00002- 051
UPID
US59-1263988
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Lake Hopatcong, NJ
Zoning C-2 · permitted uses
C-2 · Lake Hopatcong, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Hopatcong. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2003
Heating
NONE
Stories
2
Lot
3.59 ac
Current owner
From public records · entity-resolved
Bowling Green Parkway LLC
Entity
Free & Clear · 15 yrs held
Mailing address
21 BOWLING GRN PKWY STE #200, LAKE HOPATCONG, NJ 07849-3200
Ownership since
2010
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
Jul 19, 2010
—
Bowling Green Parkway LLC
Bowling Green Parkway LLC
Quit Claim Deed
related
—
Jun 28, 2010
—
Bowling Green Parkway LLC
Bowling Green Parkway LLC
Quit Claim Deed
related
—
May 9, 2008
$80,000
Bowling Green Parkway LLC
Green & Fifteen Real Estate Ll
Grant Deed
related
—
May 9, 2008
—
Beh Enterprises LLC
Bowling Green Parkway LLC
Grant Deed
related
—
Apr 16, 2004
—
Bowling Green Parkway LLC
—
Trustees Deed
related
$250,000 · Skylands Community Bank
—
—
Bowling Green Parkway LLC
—
Deed Of Trust
related
$500,000 · Fulton Bank
—
—
Bowling Green Parkway LLC
—
Deed Of Trust
related
$1,200,000 · Fulton Bank
—
—
Bowling Green Parkway LLC
—
Deed Of Trust
related
$1,000,000 · Skylands Community 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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