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Property profile & analytics
OFF-MARKET
Office buildings
329 Central Ave Orange, NJ 07050-2407
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2931597
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1881
Construction
FRAME
Total area
1,719 SF
Lot
0.14 ac (6,072 SF)
APN
17 03701-0000-00020
UPID
US59-2931597
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
-
Central 2000 Management Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ernest Charles · 3 yrs held
Ernest Charles
since 2023
Last sale
$197,400
7 recorded transactions
Zoning & alternative use
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,438
Tax year 2023
Assessed value
$226,400
Assessed 2024
Previous assessed
$226,400
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$100,000
Assessed improvement
$126,400
Land market value
$100,000
Improvement market value
$126,400
Total market value
$226,400
Applied tax rate
17.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1881
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
1,719 SF
Lot
0.14 ac (6,072 SF)
APN
17 03701-0000-00020
UPID
US59-2931597
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
Building & site characteristics
From public records
Year built
1881
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ernest Charles
Individual
Mailing address
329 CENTRAL AVE, ORANGE, NJ 07050-2407
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
—
Ernest Charles
—
Deed
related
$324,995 · Meadowbrook Fincl Mtg Bankers Corp
Mar 1, 2023
—
Ernest Charles
Ernest Charles
Intrafamily Transfer
related
—
Sep 27, 2022
—
Ernest Charles
Ernest Charles
Intrafamily Transfer
related
$273,750 · Velocity Commercial Capital LLC
Sep 23, 2020
$197,400
Phm Properties LLC
F9 Master Partcipation Trust
Grant Deed
—
Jun 11, 2018
—
Ernest Charles
—
Deed
related
$142,500 · Velocity Com'l Cap
Aug 17, 2007
$60,000
Ernest Charles
Charles,ernest
Grant Deed
related
—
—
—
Ernest Charles
—
Deed Of Trust
related
$135,000 · Wachovia Mortgage Fsb
—
—
Everett Hothouse
—
Deed Of Trust
related
$70,000 · Barry Levites
—
—
Ernest Charles
—
Deed Of Trust
related
$142,500 · Velocity Com'l Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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