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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Commercial real estate
262 Main St Madison, NJ 07940-2210
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0932316
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1926
Construction
BRICK
Total area
7,697 SF
Lot
0.39 ac (17,119 SF)
Zoning code
GBA
APN
17 02206-0000-00007
UPID
US59-0932316
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
-
Madison Animal Hospital Veterinary Clinic
-
Madison Animal Hospital: Shaw Nancy DVM Veterinary Clinic
-
Day Barbara C DVM Veterinary Clinic
-
Michelle Annese, DVM Veterinary Clinic
-
Marcy Messina Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$5.00M
Owner & transaction history
262 Realty Management LLC · 3 yrs held
262 Realty Management LLC
since 2022
Last sale
$4.7M
2 recorded transactions
Zoning & alternative use
GBA · Madison, 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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$5,325,000
ML approach
$5,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±10% · vs last sale $4.73M (Aug 19 2022)
Last sale anchor
$4.73M
Aug 19 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
$649 / 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
$25,408
Tax year 2022
Assessed value
$1,237,000
Assessed 2023
Previous assessed
$1,237,000
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$600,000
Assessed improvement
$637,000
Land market value
$600,000
Improvement market value
$637,000
Total market value
$1,237,000
Applied tax rate
17.0000
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
Year built
1926
Construction
BRICK
Heating
NONE
Stories
2
Total area
7,697 SF
Lot
0.39 ac (17,119 SF)
Zoning code
GBA
APN
17 02206-0000-00007
UPID
US59-0932316
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
GBA · Madison, NJ
Zoning GBA · permitted uses
GBA · Madison, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1926
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
262 Realty Management LLC
Entity
Free & Clear · 3 yrs held
Mailing address
262 MAIN ST, MADISON, NJ 07940-2210
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
Oct 11, 2022
—
262 Realty Management LLC
—
Deed
related
$3,311,900 · Oceanfirst Bank
Aug 19, 2022
$4,731,000
262 Realty Management LLC
Yorkshire Realty Company I LLC
Bargain And Sale 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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