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Property profile & analytics
OFF-MARKET
Estimated value
$9,965,000
Commercial real estate
345 State Rt 17 Mahwah, NJ 07430-2100
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0651111
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Lot
2.43 ac (105,851 SF)
Zoning code
B40
APN
33 00063-0000-00007
UPID
US59-0651111
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
$10.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.97M
Owner & transaction history
345 Route 17 LLC · 4 yrs held
345 Route 17 LLC
since 2022
Last sale
$9.4M
2 recorded transactions
Zoning & alternative use
B40 · Mahwah, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Conditional Uses. 1. See Attachment 4 - Schedule of District Use Regulations. e. Off-street parking requirements. 1. Parking shall comply with § 24-3.7 . f. Signs. 1. Signage shall comply with § 24-6 , signs. § 24-4.16 B40. Highway Business. [Amended 10-15-2020 by Ord. No. 1916 ; 3-10-2022 by Ord. No. 1958 ] Editor's Note: The schedules are included as attac…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
137.12 ac
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 Mahwah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mahwah 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
$10,505,000
ML approach
$10,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.97M
Range $8.97M – $10.96M · ±10% · vs last sale $9.35M (Apr 28 2022)
Last sale anchor
$9.35M
Apr 28 2022
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
—
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
$125,181
Tax year 2022
Assessed value
$6,347,900
Assessed 2023
Previous assessed
$6,347,900
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,400,000
Assessed improvement
$3,947,900
Land market value
$2,400,000
Improvement market value
$3,947,900
Total market value
$6,347,900
Applied tax rate
33.0000
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
1974
Heating
NONE
Stories
1
Lot
2.43 ac (105,851 SF)
Zoning code
B40
APN
33 00063-0000-00007
UPID
US59-0651111
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B40 · Mahwah, NJZoning B40 · permitted uses
B40 · Mahwah, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Conditional Uses. 1. See Attachment 4 - Schedule of District Use Regulations. e. Off-street parking requirements. 1. Parking shall comply with § 24-3.7 . f. Signs. 1. Signage shall comply with § 24-6 , signs. § 24-4.16 B40. Highway Business. [Amended 10-15-2020 by Ord. No. 1916 ; 3-10-2022 by Ord. No. 1958 ] Editor's Note: The schedules are included as attachments to this chapter . a. Permitted Uses. 1. See Attachment 4 - Schedule of Dist
Zone name
Highway Business
General category
COMMERCIAL
Zone area
137.12 ac
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
345 Route 17 LLC
Entity
Mailing address
1124 US HWY 202ND STE B9, RARITAN, NJ 08869-1463
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$9,350,000
345 Route 17 LLC
Anderson Properties Of Mahwah LLC
Deed
$7,480,000 · Wells Fargo Bank NA
Nov 24, 2009
$6,550,000
Anderson Properties Of Mahwah LLC
Krisujen Realty
Dual Purpose Document
$5,200,000 · Pnc 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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