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Property profile & analytics
OFF-MARKET
Estimated value
$18,145,000
Hotels
261 State Rt 3rd 3 Clifton, NJ 07014
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2217053
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Lot
4.32 ac (188,092 SF)
Zoning code
P-MU
APN
02 00083- 01-00002
UPID
US59-2217053
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.15M
Owner & transaction history
Shree Laxmi Vishnu LLC · 3 yrs held
Shree Laxmi Vishnu LLC
since 2022
Last sale
$18.0M
2 recorded transactions
Zoning & alternative use
P-MU · Clifton, 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 Clifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton 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
$18,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.15M
Range $16.33M – $19.96M · ±10% · vs last sale $18.00M (Aug 30 2022)
Last sale anchor
$18.00M
Aug 30 2022
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
$365,086
Tax year 2022
Assessed value
$6,393,800
Assessed 2023
Previous assessed
$6,393,800
+0.0% YoY
Effective rate
5.71%
On assessed value
Assessed land
$3,238,500
Assessed improvement
$3,155,300
Land market value
$3,238,500
Improvement market value
$3,155,300
Total market value
$6,393,800
Applied tax rate
2.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Stories
4
Units
81
Lot
4.32 ac (188,092 SF)
Zoning code
P-MU
APN
02 00083- 01-00002
UPID
US59-2217053
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
P-MU · Clifton, NJ
Zoning P-MU · permitted uses
P-MU · Clifton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
4
Units
81
Lot
4.32 ac
Current owner
From public records · entity-resolved
Shree Laxmi Vishnu LLC
Entity
Mailing address
4756 HOUSTON RD, FLORENCE, KY 41042-4822
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Shree Laxmi Vishnu LLC
Jpmorgan Chase Bank NA
Assignment Of Lease (leasehold Sale)
$16,200,000 · Tidemark FCU
Aug 30, 2022
$18,000,000
Westgate Road LLC
Jpmorgan Chase Bank NA
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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