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Property profile & analytics
OFF-MARKET
Estimated value
$5,460,000
Banks
23 Main St Orange, NJ 07050-4025
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-2812911
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2021
Construction
BRICK
Lot
0.56 ac (24,263 SF)
APN
17 01701-0000-00014- 01
UPID
US59-2812911
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
-
PNC Mortgage Loan Service Bank
-
PNC ATM Atm
-
PNC Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.46M
Owner & transaction history
Julian And Sharon Smith Family LP · 4 yrs held
Julian And Sharon Smith Family LP
since 2022
Last sale
$4.7M
4 recorded transactions
Zoning & alternative use
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$6,600,000
ML approach
$5,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.46M
Range $4.91M – $6.01M · ±10% · vs last sale $4.67M (Jul 21 2022)
Last sale anchor
$4.67M
Jul 21 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
—
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
$49,217
Tax year 2022
Assessed value
$1,420,000
Assessed 2023
Previous assessed
$1,420,000
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$800,000
Assessed improvement
$620,000
Land market value
$800,000
Improvement market value
$620,000
Total market value
$1,420,000
Applied tax rate
17.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2021
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.56 ac (24,263 SF)
APN
17 01701-0000-00014- 01
UPID
US59-2812911
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Julian And Sharon Smith Family LP
Entity
Free & Clear · 4 yrs held
Mailing address
954 COUNTRY CLB DR, TEANECK, NJ 07666-5600
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
Jul 21, 2022
$4,667,000
Julian And Sharon Smith Family LP
30aip Orange LLC
Deed
—
Dec 23, 2020
$1,570,000
30aip Orange LLC
Tatica Realty LLC
Grant Deed
—
May 28, 2020
—
Tatica Realty LLC
Tatica Realty LLC
Quit Claim Deed
related
—
Aug 5, 2008
$550,000
Tatica Realty LLC
Esther Machado
Grant Deed
$550,000 · Esther Machado
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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