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Property profile & analytics
OFF-MARKET
Estimated value
$18,490,000
Commercial real estate
27 Vreeland Rd Florham Park, NJ 07932
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0934798
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Lot
16.93 ac (737,601 SF)
Zoning code
C-1
APN
11 00301-0000-00014
UPID
US59-0934798
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
$18.49M
Owner & transaction history
Haven Propco 1 Vreeland LLC · 4 yrs held
Haven Propco 1 Vreeland LLC
since 2022
Last sale
$17.8M
7 recorded transactions
Zoning & alternative use
C-1 · Florham Park, 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 Florham Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florham Park 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
$19,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.49M
Range $16.64M – $20.34M · ±10% · vs last sale $17.75M (Mar 7 2022)
Last sale anchor
$17.75M
Mar 7 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
$346,580
Tax year 2022
Assessed value
$21,500,000
Assessed 2023
Previous assessed
$21,500,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$2,943,300
Assessed improvement
$18,556,700
Land market value
$2,943,300
Improvement market value
$18,556,700
Total market value
$21,500,000
Applied tax rate
11.0000
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
1983
Heating
NONE
Lot
16.93 ac (737,601 SF)
Zoning code
C-1
APN
11 00301-0000-00014
UPID
US59-0934798
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Florham Park, NJ
Zoning C-1 · permitted uses
C-1 · Florham Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florham Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Lot
16.93 ac
Current owner
From public records · entity-resolved
Haven Propco 1 Vreeland LLC
Entity
Mailing address
27 VREELAND RD, FLORHAM PARK, NJ 07932
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Haven Propco I Verrland LLC
—
Deed
related
—
Jun 21, 2023
—
Chacham LLC
—
Deed
related
$2,600,000 · Argnt Holdings LLC
Apr 13, 2022
—
Chacham LLC
—
Deed
related
$25,500,000 · Valley Bank
Mar 7, 2022
$17,750,000
Haven Propco 1 Vreeland LLC
Florham Owner LLC
Bargain And Sale Deed
$500,000,000 · Goldman Sachs Bank USA
Feb 8, 2022
—
Florham Owner LLC
Florham Owner LLC
Intrafamily Transfer
related
—
Dec 7, 2021
—
Florham Pollak II LLC
—
Deed
related
$394,702 · Rc5 Nj Solar LLC
Oct 23, 2019
$31,100,000
Florham Owner LLC
25 Vreeland Venture LLC
Deed
$25,000,000 · Citi Real Estate Funding INC
Feb 20, 2015
—
25 Vreeland Venture LLC
Vreeland Spvef Venture LLC
Quit Claim Deed
$17,500,000 · Rcc R/e
Jun 29, 2007
$33,650,000
Vreeland Spvef Venture LLC
Tr Koll Florham Park Corp
Grant Deed
$24,500,000 · Strategic Partners Value Enhan
—
—
Vreeland Spvef Venture LLC
—
Deed Of Trust
related
$4,092,608 · J P Morgan Chase Bank
—
—
Vreeland Spvef Venture LLC
—
Deed Of Trust
related
$23,119,752 · J P Morgan Chase Bank
—
—
Vreeland Spvef Venture LLC
—
Deed Of Trust
related
$30,650,000 · J P Morgan Chase 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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