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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Commercial real estate
3 Bank St, Rockaway, NJ 07866-3458
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2133256
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Construction
CONCRETE BLOCKS
Total area
6,444 SF
Lot
0.12 ac (5,101 SF)
Zoning code
BC
APN
34 00041-0000-00003
UPID
US59-2133256
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
-
Maya Nails Hair Salon Nail Salon
-
Lemon Launderette/ Lemon Drop Delivery (Bike/Boat/Book/etc) Store
-
CoinFlip Bitcoin ATM Business To Business Service Commercial Agent
-
High Supply Smoke Shop (Bike/Boat/Book/etc) Store
-
Main Street Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$540k
Owner & transaction history
Jrg Jsg LLC · 3 yrs held
Jrg Jsg LLC
since 2022
7 recorded transactions
Zoning & alternative use
BC · Rockaway, 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 Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$84 / 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
$15,451
Tax year 2022
Assessed value
$478,500
Assessed 2023
Previous assessed
$468,500
+2.1% YoY
Effective rate
3.23%
On assessed value
Assessed land
$84,000
Assessed improvement
$394,500
Land market value
$84,000
Improvement market value
$394,500
Total market value
$478,500
Applied tax rate
34.0000
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
1955
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
6,444 SF
Lot
0.12 ac (5,101 SF)
Zoning code
BC
APN
34 00041-0000-00003
UPID
US59-2133256
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
BC · Rockaway, NJ
Zoning BC · permitted uses
BC · Rockaway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Jrg Jsg LLC
Entity
Mailing address
3 BANK ST, ROCKAWAY, NJ 07866-3458
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Jrg Jsg LLC
Jeffrey R Grow
Bargain And Sale Deed
$650,000 · Provident Bank
Mar 15, 2022
—
Jeffrey R Grow
—
Deed
related
$600,000 · Bcc Loan Funder LLC
Feb 8, 2008
—
Jeffrey R Grow
Grow Joseph
Quit Claim Deed
related
$150,000 · Interbay Funding LLC
Feb 23, 2007
$100,000
Jeffrey R Grow
Greskovich,melissa J
Grant Deed
—
Oct 30, 2006
$244,444
Jeffrey R Grow
Vrabel,joseph & Mildred J
Grant Deed
—
—
—
Jeffrey R Grow
—
Deed Of Trust
related
$350,000 · Heritage Community Bank
—
—
Margaret M Walsh
—
Deed Of Trust
related
$200,000 · Bank Of America
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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