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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Commercial real estate
31 Loomis Ave 39 Sussex, NJ 07461-2213
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1752263
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
6,000 SF
Lot
1.19 ac (51,623 SF)
Zoning code
C-3
APN
21 00101-0000-00015
UPID
US59-1752263
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$575k
Owner & transaction history
31 39 Loomis Ave LLC · 5 yrs held
31 39 Loomis Ave LLC
since 2021
2 recorded transactions
Zoning & alternative use
C-3 · Sussex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
OPMENT AREA DISTRICT. § 19-10.1 Principal Buildings and Uses Permitted. § 19-10.2 Permitted Accessory Uses. § 19-10.3 Conditional Uses. § 19-10.4 Bulk Requirements. § 19-10.5 Off-Street Parking. § 19-10.6 Signs. § 19-11 C-3 GENERAL COMMERCIAL DISTRICT. § 19-11.1 Principal Permitted Uses. § 19-11.2 Permitted Accessory Uses. § 19-11.3 Conditional Uses. § 19-11…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
10.49 ac
Top alternative use upside
Industrial (general)
$570,000
+3.2%
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 Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$550,000
Current use
INDUSTRIAL (GENERAL)
$570,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$96 / 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
$20,691
Tax year 2022
Assessed value
$605,900
Assessed 2023
Previous assessed
$605,900
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$402,000
Assessed improvement
$203,900
Land market value
$402,000
Improvement market value
$203,900
Total market value
$605,900
Applied tax rate
21.0000
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
Construction
BRICK
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
1.19 ac (51,623 SF)
Zoning code
C-3
APN
21 00101-0000-00015
UPID
US59-1752263
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Sussex, NJZoning C-3 · permitted uses
C-3 · Sussex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
OPMENT AREA DISTRICT. § 19-10.1 Principal Buildings and Uses Permitted. § 19-10.2 Permitted Accessory Uses. § 19-10.3 Conditional Uses. § 19-10.4 Bulk Requirements. § 19-10.5 Off-Street Parking. § 19-10.6 Signs. § 19-11 C-3 GENERAL COMMERCIAL DISTRICT. § 19-11.1 Principal Permitted Uses. § 19-11.2 Permitted Accessory Uses. § 19-11.3 Conditional Uses. § 19-11.4 Bulk Requirements. § 19-11.5 Off-Street Parking and Loading. § 19-11.6 Signs. §
Zone name
General Commercial
General category
COMMERCIAL
Zone area
10.49 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$550,000
INDUSTRIAL (GENERAL)
Est. value
$570,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
Construction
BRICK
Heating
NONE
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
31 39 Loomis Ave LLC
Entity
Free & Clear · 5 yrs held
Mailing address
355 US HWY 46, MOUNTAIN LAKES, NJ 07046-1744
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
—
31 39 Loomis Ave LLC
John A Parmigiani
Quit Claim Deed
related
—
Jan 12, 2004
$100,000
Rhinhart Straway
Rhinehart,h Straway Est
Grant Deed
related
—
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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