Individually Owned Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
1,760 SF
Lot
189.03 ac (8,234,147 SF)
Zoning code
R-2
APN
22 00151-0000-00001
UPID
US59-1435699
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Golf Course
-
Golf Course
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$515k
Owner & transaction history
since 2020
1 recorded transaction
Zoning & alternative use
R-2 · West Orange, NJ
Zoning description
25-3.1 Zone Districts. [ Ord. No. 2549-18 ; Ord. No. 2357-12 § 25-3.1] For the purposes of this chapter the Township is divided into 24 districts as follows: R-1 District One-family dwellings on 80,000 square foot lots R…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$515k
Value range
$464k – $567k
±10% around blend
Estimated value / SF
$293 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$464k
blend $515k
$567k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,760 SF
Lot area
189.03 ac
Year built
1900
Stories
3
APN
22 00151-0000-00001
Zoning
R-2
Assessed value
$21,856,800
Annual tax
$969,786
3
Income approach: direct capitalization
Partial preview
Income approach indication
$375k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$405k
@ 6.5% CAP return
$375k
@ 7% CAP return
$345k
4
Sales comparison
Partial preview
Sales approach indication
$1.21M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.4 mi away · 1,890 SF
1.6 mi away · 2,075 SF
1.7 mi away · 1,860 SF
2.4 mi away · 2,211 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$515k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$222
+32%
Submarket 24 sales
$223
+31%
County 734 sales
$295
-1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $293/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
3.40%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.40%
9.0%
NOI (est.)
$1.53M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$45.00M
Move the market yield to see immediate price impact.
Value / SF
$25,568
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.90%3.40%3.90%
$1.38M
$47.48M
$40.50M
$35.31M
$1.53M
$52.76M
$45.00M
$39.23M
$1.68M
$58.03M
$49.50M
$43.15M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$650k
0.9 mi · Feb 2026 · $287/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$969,786
Tax year 2022
Assessed value
$21,856,800
Assessed 2023
Previous assessed
$21,250,000
+2.9% YoY
Effective rate
4.44%
On assessed value
Assessed land
$14,177,300
Assessed improvement
$7,679,500
Land market value
$14,177,300
Improvement market value
$7,679,500
Total market value
$21,856,800
Applied tax rate
22.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
2
Total area
1,760 SF
Lot
189.03 ac (8,234,147 SF)
Zoning code
R-2
APN
22 00151-0000-00001
UPID
US59-1435699
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-2 · West Orange, NJZoning R-2 · permitted uses
R-2 · West Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
25-3.1 Zone Districts. [ Ord. No. 2549-18 ; Ord. No. 2357-12 § 25-3.1] For the purposes of this chapter the Township is divided into 24 districts as follows: R-1 District One-family dwellings on 80,000 square foot lots R…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
2
Lot
189.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R-2
RESIDENTIAL
Jurisdiction
West Orange, NJ
Recorded code
R-2
Official district
R-2
Official district profile
What the municipal code says about R-2
Zoning description
25-3.1 Zone Districts. [ Ord. No. 2549-18 ; Ord. No. 2357-12 § 25-3.1] For the purposes of this chapter the Township is divided into 24 districts as follows: R-1 District One-family dwellings on 80,000 square foot lots R…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-2 in West Orange, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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