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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
289 Pequest Rd Andover, NJ 07821-2117
Entity Owned
7-yr Hold
Free & Clear
Property ID
US59-0282036
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
3,731 SF
Lot
8.74 ac (380,714 SF)
Zoning code
2
APN
08 00022-0000-00002
UPID
US59-0282036
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
-
Crossed Keys Estate Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$570k
Owner & transaction history
Pequest 202 LLC · 7 yrs held
Pequest 202 LLC
since 2019
6 recorded transactions
Zoning & alternative use
2 · Andover, 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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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
$360,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$153 / 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
$22,574
Tax year 2022
Assessed value
$614,100
Assessed 2023
Previous assessed
$614,100
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$134,500
Assessed improvement
$479,600
Land market value
$134,500
Improvement market value
$479,600
Total market value
$614,100
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
3,731 SF
Lot
8.74 ac (380,714 SF)
Zoning code
2
APN
08 00022-0000-00002
UPID
US59-0282036
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
2 · Andover, NJ
Zoning 2 · permitted uses
2 · Andover, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Andover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
8.74 ac
Current owner
From public records · entity-resolved
Pequest 202 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
289 PEQUEST RD, ANDOVER, NJ 07821-2117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2019
—
Pequest 202 LLC
Kcr LLC
Grant Deed
related
—
Jan 4, 2019
—
Pequest 202 LLC
Pequest 202 LLC
Quitclaim Deed
related
—
Jan 11, 2018
—
Pequest 202 LLC
—
Trust Deed
related
$4,685,000 · First Hope Bk
Nov 17, 2016
—
Kcr LLC
—
Deed
related
$249,593 · First Hope Bk
—
—
Kcr LLC
—
Deed Of Trust
related
$249,593 · First Hope Bk
—
—
Kcr LLC
—
Deed Of Trust
related
$4,685,000 · First Hope Bk
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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