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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Residential income homes
2309 Smt Ave 13 Union City, NJ 07087-2461
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US59-0567622
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2011
Total area
15,249 SF
Lot
0.14 ac (6,100 SF)
APN
10 00131-0000-00017
UPID
US59-0567622
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
-
S Chang Wedding Officiants Wedding Service
-
S Chang Credit Consulting Financial Advisor
-
Y&J tv mounting & handyman services Hardware & Home Improvement General Contractor
-
S Chang Tax Consulting Co Tax Preparation
-
Summit Realty Association Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Manuel D Rodriguez · 16 yrs held
Manuel D Rodriguez
since 2010
7 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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
APARTMENT HOUSE (5+ UNITS)
$3,890,000
Current use
COMMERCIAL (GENERAL)
$3,440,000
Change: -12% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,235,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$155 / 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
$55,335
Tax year 2022
Assessed value
$775,000
Assessed 2023
Previous assessed
$775,000
+0.0% YoY
Effective rate
7.14%
On assessed value
Assessed land
$195,000
Assessed improvement
$580,000
Land market value
$195,000
Improvement market value
$580,000
Total market value
$775,000
Applied tax rate
10.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2011
Heating
NONE
Stories
4
Units
4
Total area
15,249 SF
Lot
0.14 ac (6,100 SF)
APN
10 00131-0000-00017
UPID
US59-0567622
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS) 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
2011
Heating
NONE
Stories
4
Units
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Manuel D Rodriguez
Individual
Mailing address
2309 SMT AVE, UNION CITY, NJ 07087-2461
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
Mar 26, 2010
$300,000
Manuel D Rodriguez
Otoole,marianne T
Grant Deed
—
Mar 26, 2010
—
Summit Realty Assoc LLC
Rodriguez,manuel D
Grant Deed
related
—
Dec 30, 2008
—
Hudson Developers LLC
—
Deed Of Trust
related
$3,175,000 · Banco Popular NA
Nov 21, 2005
$740,000
Hudson Developers LLC
Vista Farms Ltd
Grant Deed
$740,000 · Northern Source LLC
Jun 28, 2005
$530,000
Vista Farms Ltd
Sip St Assoc LLC
Grant Deed
—
May 22, 2001
—
Sip Street Associates LLC
Cruz,francisco & Elsa
Grant Deed
related
—
—
—
Summit Realty Assoc LLC
—
Deed Of Trust
related
$600,000 · Crown Bank
—
—
Vista Farms LLC
—
Deed Of Trust
related
$500,000 · Hudson Developers LLC
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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