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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Commercial real estate
280 Ter Ave Hasbrouck Heights, NJ 07604-2041
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-3074050
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1927
Total area
1,639 SF
Lot
0.07 ac (3,001 SF)
Zoning code
R-3
APN
25 00106-0000-00001
UPID
US59-3074050
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
-
Gouda Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$975k
Owner & transaction history
260 Terrace Avenue LLC · 2 yrs held
260 Terrace Avenue LLC
since 2024
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
R-3 · Hasbrouck Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e, under the same conditions as prescribed therein Any R-1 Zone permitted accessory use, under the same conditions as prescribed therein Any R-1 Zone conditional use, subject to the same conditions as prescribed therein R-3 Any R-2 Zone permitted principal use, under the same conditions as prescribed therein Any R-2 Zone permitted accessory use, under the sa…
Zone name
One And Two Family Residential
General category
RESIDENTIAL
Zone area
64.01 ac
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 Hasbrouck Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hasbrouck Heights 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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (May 7 2024)
Last sale anchor
$975k
May 7 2024
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
$595 / 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
$21,245
Tax year 2022
Assessed value
$744,300
Assessed 2023
Previous assessed
$744,300
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$167,000
Assessed improvement
$577,300
Land market value
$167,000
Improvement market value
$577,300
Total market value
$744,300
Applied tax rate
25.0000
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
1927
Heating
NONE
Total area
1,639 SF
Lot
0.07 ac (3,001 SF)
Zoning code
R-3
APN
25 00106-0000-00001
UPID
US59-3074050
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Hasbrouck Heights, NJZoning R-3 · permitted uses
R-3 · Hasbrouck Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e, under the same conditions as prescribed therein Any R-1 Zone permitted accessory use, under the same conditions as prescribed therein Any R-1 Zone conditional use, subject to the same conditions as prescribed therein R-3 Any R-2 Zone permitted principal use, under the same conditions as prescribed therein Any R-2 Zone permitted accessory use, under the same conditions as prescribed therein Any R-2 Zone conditional use, subject to the sa
Zone name
One And Two Family Residential
General category
RESIDENTIAL
Zone area
64.01 ac
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
260 Terrace Avenue LLC
Entity
Free & Clear · 2 yrs held
Mailing address
701 PARAMUS RD, PARAMUS, NJ 07652-1740
Ownership since
2024
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
May 7, 2024
$975,000
260 Terrace Avenue LLC
Aviv Development Corp
Deed
—
Jan 17, 2019
—
Aviv Dev Corp
Sheriff / Bergen County|timas Properties LLC
Trustees Deed
related
—
Jul 6, 2006
—
Timas Properties LLC
—
Trustees Deed
related
$375,000 · Greenpoint Mortgage Funding
Aug 5, 2004
$360,000
Timas Properties LLC
Collins,michael
Grant Deed
$324,000 · Carnegie Capital Corp
Sep 20, 1999
$244,800
Michael Collins
Benvent,louis J & Joseph
Grant Deed
$192,000 · Irwin Mortgage Corp
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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