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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Commercial real estate
24 Walnut St Sussex, NJ 07461
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1265625
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Lot
0.24 ac (10,498 SF)
Zoning code
INST
APN
21 00406-0000-00008
UPID
US59-1265625
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
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Prime Healthcare Svcs Saint Clares · 2 yrs held
Prime Healthcare Svcs Saint Clares
since 2024
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
INST · Sussex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
f zone districts: R-1 Low Density Residential R-2 Medium Density Residential R-3 High Density Residential (Garden apartments) C-1 Central Business District C-2 Redevelopment Area District C-3 General Commercial District Inst. Institutional District A & I Agriculture & Light Industry District L & I Light Industrial & Light Industry District P Public and Semi-…
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
4.59 ac
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 Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex 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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (May 23 2024)
Last sale anchor
$4.00M
May 23 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
$2,619
Tax year 2022
Assessed value
$76,700
Assessed 2023
Previous assessed
$76,700
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$61,100
Assessed improvement
$15,600
Land market value
$61,100
Improvement market value
$15,600
Total market value
$76,700
Applied tax rate
21.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.24 ac (10,498 SF)
Zoning code
INST
APN
21 00406-0000-00008
UPID
US59-1265625
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
INST · Sussex, NJZoning INST · permitted uses
INST · Sussex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
f zone districts: R-1 Low Density Residential R-2 Medium Density Residential R-3 High Density Residential (Garden apartments) C-1 Central Business District C-2 Redevelopment Area District C-3 General Commercial District Inst. Institutional District A & I Agriculture & Light Industry District L & I Light Industrial & Light Industry District P Public and Semi-Public Use District MU Mixed Use District § 19-2.2 Statement of Interest. [ Ord. 9/5
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
4.59 ac
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Prime Healthcare Svcs Saint Clares
Individual
Mailing address
3300 E GUASTI RD, ONTARIO, CA 91761-8655
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$4,000,000
Prime Healthcare Svcs Saint Clares
Mpt Of Morris LLC
Deed
$100,000,000 · Mpt Of Morris LLC
Nov 10, 2016
$2,875,000
Mpt Of Morris LLC
Prime Healthcare Services-sain
Grant Deed
—
Oct 8, 2015
$3,100,907
Prime Healthcare Services-sain
Saint Clares Hospital INC
Trustees Deed
related
$100,000,000 · Private Individual
Jul 8, 1991
$159,900
Wallkill Valley Gen Hospital
Unknown
Grant Deed
—
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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