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Property profile & analytics
FOR SALE
Commercial real estate
248 Brighton Rd Andover, NJ 07821
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2854676
For Sale
1 / 6
$4,720,000
248 Brighton Rd, Andover, NJ 07821
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
42,448 SF
Lot
11.84 ac (515,729 SF)
Zoning code
6
APN
08 00026-0000-00004- 01
UPID
US59-2854676
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
-
Tab Microfilm Services Inc Business Related
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.58M
CAP Approach
CAP
$6.47M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$4.72M
Owner & transaction history
248 Andover LLC · 3 yrs held
248 Andover LLC
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
6 · Andover, 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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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
$4,300,000
ML approach
$4,580,000
CAP Approach
CAP Return
Estimation
6%
$7,005,000
6.5%
$6,465,000
7%
$6,005,000
Blend value · Realmo final
$4.72M
Range $4.25M – $5.19M · ±10% · vs last sale $5.00M (Apr 18 2023)
Last sale anchor
$5.00M
Apr 18 2023
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
$111 / 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
$62,635
Tax year 2022
Assessed value
$1,703,900
Assessed 2023
Previous assessed
$1,703,900
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$227,600
Assessed improvement
$1,476,300
Land market value
$227,600
Improvement market value
$1,476,300
Total market value
$1,703,900
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Heating
NONE
Total area
42,448 SF
Lot
11.84 ac (515,729 SF)
Zoning code
6
APN
08 00026-0000-00004- 01
UPID
US59-2854676
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
6 · Andover, NJ
Zoning 6 · permitted uses
6 · Andover, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Andover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
11.84 ac
Current owner
From public records · entity-resolved
248 Andover LLC
Entity
Mailing address
248 BRIGHTON RD, GREEN, NJ
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$5,000,000
248 Andover LLC
Tab Microfilm Services INC
Deed
$3,250,000 · Provident Bank
Apr 3, 2012
—
Tab Microfilm Services INC
—
Trustees Deed
related
$580,000 · Lakeland Bank
Jul 24, 2007
—
Tab Microfilm Services INC
Tab Microfilm Services INC
Quit Claim Deed
related
—
—
—
Tab Microfilm Services INC
—
Deed Of Trust
related
$1,850,000 · Lakeland Bank
—
—
Sonick Realty LLC
—
Deed Of Trust
related
$1,600,000 · Skylands Community Bank
—
—
Tab Microfilm Services INC
—
Deed Of Trust
related
$75,000 · Lakeland Bank
—
—
Tab Microfilm Services INC
—
Deed Of Trust
related
$405,000 · Newton Trust Co
—
—
Tab Microfilm Services INC
—
Deed Of Trust
related
$50,000 · Lakeland Bk
—
—
Tab Microfilm Services INC
—
Deed Of Trust
related
$100,000 · Lakeland Bank
—
—
Tab Microfilm Services INC
—
Deed Of Trust
related
$50,000 · Lakeland 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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