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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Commercial real estate
23 Orch Rd Skillman, NJ 08558-2644
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3052358
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE
Lot
44.04 ac (1,918,252 SF)
Zoning code
REO1
APN
13 28001-0000-00005- 02
UPID
US59-3052358
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
-
Morgan Atelier Architecture Architect
-
Ss & C Technologies Financial Advisor
-
The Orchard Coworking & Hybrid Office
-
Tilt And Turn Windows NJ Montgomery Hardware & Home Improvement Interior Design
-
ATM Financial Resources Atm Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
Orchard Road LLC · 2 yrs held
Orchard Road LLC
since 2024
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
REO1 · Skillman, NJ
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 Skillman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skillman 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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Mar 20 2024)
Last sale anchor
$6.00M
Mar 20 2024
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
$323,402
Tax year 2022
Assessed value
$10,034,200
Assessed 2023
Previous assessed
$10,034,200
+0.0% YoY
Effective rate
3.22%
On assessed value
Assessed land
$3,450,000
Assessed improvement
$6,584,200
Land market value
$3,450,000
Improvement market value
$6,584,200
Total market value
$10,034,200
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Construction
CONCRETE
Heating
NONE
Stories
3
Units
1
Lot
44.04 ac (1,918,252 SF)
Zoning code
REO1
APN
13 28001-0000-00005- 02
UPID
US59-3052358
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
REO1 · Skillman, NJ
Zoning REO1 · permitted uses
REO1 · Skillman, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Skillman. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE
Heating
NONE
Stories
3
Units
1
Lot
44.04 ac
Current owner
From public records · entity-resolved
Orchard Road LLC
Entity
Mailing address
502 WALNUT ST, PHILADELPHIA, PA 19106-3640
Ownership since
2024
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
Mar 20, 2024
$4,350,000
Orchard Road LLC
Lbb 23 Orchard LLC
Deed
related
$3,600,000 · 500 Walnut Eb 5 Lenders LLC
Sep 2, 2021
$6,000,000
Lbb 23 Orchard LLC
Chesapeake Holdings Park LLC
Deed
$3,000,000 · 1st Colonial Community Bank
Sep 27, 2019
—
Chesapeake Holdings Park LLC
Jer/ Herring Orchard LLC
Deed In Lieu Of Foreclosure
related
—
Dec 13, 2013
—
Jer Of Herring Orchard LLC
Township Of Montgomery
Quit Claim Deed
related
—
Sep 21, 2011
—
Jer Of Herring Orchard LLC
Jer Of Herring Orchard LLC
Quit Claim Deed
related
—
Aug 25, 2011
—
Jer Of Herring Orchard LLC
Jer Of Herring Orchard LLC
Quit Claim Deed
related
—
Jan 5, 2006
$12,000,000
Jer Of Herring Orchard LLC
Applied Data Research INC
Grant Deed
$18,700,000 · Manufacturers Traders & Trust
—
—
Hp Montgomery Residential LLC
—
Deed Of Trust
related
$1,500,000 · First 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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