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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Commercial real estate
263 Main St West Orange, NJ 07052-5615
Individually Owned
~
Est. High Equity
Property ID
US59-2840023
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1929
Construction
TYPE NOT SPECIFIED
Total area
2,211 SF
Lot
0.09 ac (3,851 SF)
Zoning code
B-1
APN
22 00116- 01-00087
UPID
US59-2840023
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
$395k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$555k
Owner & transaction history
Khan Sumera
Khan Sumera
since 2025
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
B-1 · West Orange, 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 West Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Orange 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
$395,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Current use
OFFICE BUILDING
$465,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $650k (Jun 3 2025)
Last sale anchor
$650k
Jun 3 2025
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
$251 / 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
$17,862
Tax year 2022
Assessed value
$395,000
Assessed 2023
Previous assessed
$395,000
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$98,200
Assessed improvement
$296,800
Land market value
$98,200
Improvement market value
$296,800
Total market value
$395,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1929
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
1
Total area
2,211 SF
Lot
0.09 ac (3,851 SF)
Zoning code
B-1
APN
22 00116- 01-00087
UPID
US59-2840023
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · West Orange, NJ
Zoning B-1 · permitted uses
B-1 · West Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$490,000
OFFICE BUILDING
Est. value
$465,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Khan Sumera
Individual
Mailing address
28 GINA CT, EAST HANOVER, NJ 07936-3582
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$650,000
Khan Sumera
Cenci INC
Deed
—
Mar 3, 2010
$700,000
Cenci INC
855 Springfield Ave Prop LLC
Grant Deed
—
Jun 30, 2008
$740,000
855 Springfield Avenue Propert
Huang,joseph M G & Julia Y
Grant Deed
$500,000 · Allegiance Community Bank
Nov 1, 2004
$400,000
Joseph M G Huang
263 Realty Holdings Co LLC
Grant Deed
—
—
—
Cenci INC
—
Deed Of Trust
related
$390,000 · Sun National 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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