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Property profile & analytics
OFF-MARKET
Estimated value
$18,695,000
Commercial real estate
293 Us Hwy 206 Flanders, NJ 07836-9548
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-2248054
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
154,902 SF
Lot
18.96 ac (825,810 SF)
Zoning code
C-2
APN
27 06100-0000-00002
UPID
US59-2248054
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.50M
Comparable Approach
Comparable
$25.16M
Blend (final)
Blend
$18.70M
Owner & transaction history
Wasa Properties Sutton Plaza L · 9 yrs held
Wasa Properties Sutton Plaza L
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Flanders, 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 Flanders submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flanders 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%
$18,955,000
6.5%
$17,495,000
7%
$16,245,000
Blend value · Realmo final
$18.70M
Range $16.83M – $20.56M · ±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
$121 / 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
$587,341
Tax year 2022
Assessed value
$17,967,000
Assessed 2023
Previous assessed
$17,967,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$7,574,800
Assessed improvement
$10,392,200
Land market value
$7,574,800
Improvement market value
$10,392,200
Total market value
$17,967,000
Applied tax rate
27.0000
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
1973
Heating
NONE
Total area
154,902 SF
Lot
18.96 ac (825,810 SF)
Zoning code
C-2
APN
27 06100-0000-00002
UPID
US59-2248054
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Flanders, NJ
Zoning C-2 · permitted uses
C-2 · Flanders, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flanders. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Lot
18.96 ac
Current owner
From public records · entity-resolved
Wasa Properties Sutton Plaza L
Entity
Free & Clear · 9 yrs held
Mailing address
3512 QUENTIN RD #204, BROOKLYN, NY 11234-4244
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2017
—
Wasa Properties Sutton Plaza L
Wasa Properties Sutton Plaza L
Quit Claim Deed
related
—
Aug 4, 2015
$22,300,000
Wasa Properties Sutton Plaza L
Route 206 Holdings LLC
Grant Deed
—
Jul 8, 2014
—
Route 206 Holdings LLC
Sheriff Of Morris County
Trustees Deed
related
—
—
—
Armstrong Sutton Plaza LLC
—
Loan Modification
related
$27,000,000 · Us Bank NA Series 2008-c1 (te)
—
—
Armstrong Sutton Plaza LLC
—
Deed Of Trust
related
$27,000 · Us Bank NA
—
—
Armstrong Sutton Plaza LLC
—
Loan Modification
related
$27,000,000 · Us Bank NA Series 2008-c1 (te)
—
—
Wasa Prop Sutton Plaza LLC
—
Deed Of Trust
related
$14,916,000 · Union Svgs
—
—
Wasa Prop Sutton Plaza LLC
—
Deed Of Trust
related
$14,916,000 · Union Svgs
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.
Try Rey
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