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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Office buildings
244 State Rt 94 Vernon, NJ 07462-3349
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US59-2016330
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
3,024 SF
Lot
0.32 ac (13,939 SF)
APN
22 00382-0000-00013
UPID
US59-2016330
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
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$295k
Owner & transaction history
244 Associates Of New Jersey L · 14 yrs held
244 Associates Of New Jersey L
since 2012
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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%
$825,000
6.5%
$760,000
7%
$705,000
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
$98 / 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
$8,387
Tax year 2022
Assessed value
$449,700
Assessed 2023
Previous assessed
$449,700
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$151,600
Assessed improvement
$298,100
Land market value
$151,600
Improvement market value
$298,100
Total market value
$449,700
Applied tax rate
22.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Units
1
Total area
3,024 SF
Lot
0.32 ac (13,939 SF)
APN
22 00382-0000-00013
UPID
US59-2016330
Jurisdiction
SUSSEX
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
1970
Heating
NONE
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
244 Associates Of New Jersey L
Entity
Mailing address
PO BOX 472, VERNON, NJ 07462-0472
Ownership since
2012
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
Jan 9, 2012
$300,000
244 Associates Of New Jersey L
Classiclake Ents LLC
Grant Deed
—
Apr 26, 2011
—
Classiclake Ents LLC
Rinker,sally
Grant Deed
related
—
Oct 27, 2004
$250,000
Rinker,sally
Mania,glenn W
Grant Deed
$200,000 · Countrywide Hm Lns
—
—
Glenn W Mania
—
Deed Of Trust
related
$97,900 · North American Mortgage
—
—
Rinker,sally
—
Deed Of Trust
related
$575,000 · Sussex Bk
—
—
244 Associates Of New Jersey INC
—
Deed Of Trust
related
$225,000 · Sussex Bk
—
—
Sally,rinker
—
Deed Of Trust
related
$42,217 · Sussex Bk
—
—
Glenn W Mania
—
Deed Of Trust
related
$85,800 · Suntrust Mortgage INC
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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