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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
232 Old Riv Rd, Edgewater, NJ 07020
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1849360
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2021
Lot
0.06 ac (2,500 SF)
APN
13 00090-0000-00011
UPID
US59-1849360
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
-
Caviar By DNHG Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
232 Old River Edge Nj LLC · 3 yrs held
232 Old River Edge Nj LLC
since 2022
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
—
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
$58,545
Tax year 2022
Assessed value
$3,953,500
Assessed 2023
Previous assessed
$3,953,500
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$300,000
Assessed improvement
$3,653,500
Land market value
$300,000
Improvement market value
$3,653,500
Total market value
$3,953,500
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Year built
2021
Heating
NONE
Lot
0.06 ac (2,500 SF)
APN
13 00090-0000-00011
UPID
US59-1849360
Jurisdiction
BERGEN
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
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
232 Old River Edge Nj LLC
Entity
Mailing address
11 WATERVIEW BLVD, PARSIPPANY, NJ 07054-1219
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
—
232 Old River Edge Nj LLC
Circa Mirai Development LLC
Bargain And Sale Deed
$6,000,000 · Sof Old River LLC
Mar 23, 2021
—
Circa Mirai Development LLC
—
Deed
related
$3,500,000 · Mcu Financial Center Cu
Mar 29, 2019
—
Circa Mirai Development
—
Deed
related
$2,400,000 · New Millennium Bank
Oct 2, 2018
—
Circa Mirai Dev LLC
—
Trustees Deed
related
$2,625,000 · Mariners Bk
Dec 20, 2016
—
Circa Mirai Development LLC
—
Deed
related
$1,500,000 · Mariners Bank
Jul 14, 2016
$625,000
Circa Mirai Dev LLC
232 Old River LLC
Grant Deed
—
Oct 17, 2006
$250,000
232 Old River LLC
Daibes,fred A
Grant Deed
$150,000 · Mariners 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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