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Property profile & analytics
OFF-MARKET
Estimated value
$16,235,000
Commercial real estate
29 Allendale Ave 63 Allendale, NJ 07401-1735
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1926483
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
BRICK
Total area
74,278 SF
Lot
6.91 ac (300,825 SF)
APN
01 01807-0000-00001
UPID
US59-1926483
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
-
Smoke-Stock SDE Furniture & Home Goods Home Decor Store
-
Nirvana Indian Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.94M
Comparable Approach
Comparable
$22.38M
Blend (final)
Blend
$16.24M
Owner & transaction history
Allendale Shopping Plaza · 2 yrs held
Allendale Shopping Plaza
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$24.4M
+12.2%
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 Allendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allendale 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
by Request
CAP Approach
CAP Return
Estimation
6%
$17,270,000
6.5%
$15,940,000
7%
$14,805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,745,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,400,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$17,940,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$16.24M
Range $14.61M – $17.86M · ±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
$219 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$465,100
Tax year 2023
Assessed value
$21,494,600
Assessed 2024
Previous assessed
$21,494,600
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$5,179,500
Assessed improvement
$16,315,100
Land market value
$5,179,500
Improvement market value
$16,315,100
Total market value
$21,494,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1968
Construction
BRICK
Heating
NONE
Stories
1
Total area
74,278 SF
Lot
6.91 ac (300,825 SF)
APN
01 01807-0000-00001
UPID
US59-1926483
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.4M
OFFICE BUILDING
Est. value
$17.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
BRICK
Heating
NONE
Stories
1
Lot
6.91 ac
Current owner
From public records · entity-resolved
Allendale Shopping Plaza
Individual
Mailing address
6 PROSPECT ST STE 1B, MIDLAND PARK, NJ 07432-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
—
Allendale Shopping Plaza
—
Deed
related
$355,000 · Lakeland Bank
Jan 14, 2019
—
Allendale Shopping Plaza
—
Deed
related
$7,500,000 · Lakeland Bank
Oct 10, 2014
—
A & P Real Property LLC
—
Loan Modification
related
$300,000,000 · Wells Fargo Bk
Apr 25, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$445,000,000 · Us Bank NA
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$1,500,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$4,800,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$200,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$31,000 · Lakeland Bank
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$270,000,000 · Jp Morgan Chase Bk
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$375,000,000 · Jp Morgan Chase Bk
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$100,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$1,120,100 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$500,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$200,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$330,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$250,000 · Lakeland Bank
—
—
Allendale Shopping Plaza
—
Deed Of Trust
related
$7,100,000 · Lakeland 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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