Entity Owned Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
BRICK
Total area
5,740 SF
Lot
0.98 ac (42,689 SF)
Zoning code
B-1
APN
29 00015-0000-00009
UPID
US59-1137278
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$408k
Blend (final)
Blend
$410k
Owner & transaction history
since 2021
5 recorded transactions
Zoning & alternative use
B-1 · Morris Plains, NJ
Zoning description
Wall signs in the B-1, B-2, B-4 and B-5 Zones. A business establishment shall be permitted wall signs on each building wall of the establishment that faces on a street subject to the following conditions: (a) A business…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 50 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$410k
Value range
$369k – $451k
±10% around blend
Estimated value / SF
$71 / SF
Confidence
High
50 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$369k
blend $410k
$451k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,740 SF
Lot area
0.98 ac
Year built
1975
Stories
2
APN
29 00015-0000-00009
Zoning
B-1
Assessed value
$584,500
Annual tax
$19,920
3
Income approach: direct capitalization
Partial preview
Income approach indication
$650k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$700k
@ 6.5% CAP return
$650k
@ 7% CAP return
$600k
4
Sales comparison
Partial preview
Sales approach indication
$1.31M
Weighted, 20 comps · high confidence
Evidence
50 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.0 mi away · 5,648 SF
8.0 mi away · 4,825 SF
12.1 mi away · 5,300 SF
12.2 mi away · 5,760 SF
12.4 mi away · 5,919 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$410k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 762 sales
$243
-71%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $71/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 50 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$585k
Move the market yield to see immediate price impact.
Value / SF
$102
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$37k
$736k
$526k
$409k
$41k
$818k
$585k
$455k
$45k
$900k
$643k
$500k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
50 found
High confidence · county-verified
Closest comparable
$90k
8.0 mi · Oct 2025 · $16/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,920
Tax year 2023
Assessed value
$584,500
Assessed 2024
Previous assessed
$584,500
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$286,600
Assessed improvement
$297,900
Land market value
$286,600
Improvement market value
$297,900
Total market value
$584,500
Applied tax rate
29.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
NONE
Stories
2
Total area
5,740 SF
Lot
0.98 ac (42,689 SF)
Zoning code
B-1
APN
29 00015-0000-00009
UPID
US59-1137278
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Morris Plains, NJZoning B-1 · permitted uses
B-1 · Morris Plains, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Wall signs in the B-1, B-2, B-4 and B-5 Zones. A business establishment shall be permitted wall signs on each building wall of the establishment that faces on a street subject to the following conditions: (a) A business…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1975
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-1
COMMERCIAL
Jurisdiction
Morris Plains, NJ
Recorded code
B-1
Official district
B-1
Official district profile
What the municipal code says about B-1
Zoning description
Wall signs in the B-1, B-2, B-4 and B-5 Zones. A business establishment shall be permitted wall signs on each building wall of the establishment that faces on a street subject to the following conditions: (a) A business…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Morris Plains, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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