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Property profile & analytics
OFF-MARKET
Estimated value
$25,845,000
Commercial real estate
348 Cedar St Livingston, NJ 07039-4221
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2443161
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.28 ac (99,282 SF)
Zoning code
H-H
APN
10 07300-0000-00005- 01
UPID
US59-2443161
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
-
ZINASHBEZU GIZAW Physician
-
CHRISTINA B DAVITT Physician
-
JOHN PAUL TUTELA Physician Medical Clinic
-
SHAPARAK MOJTABAI Physician
-
Washeema Jones Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.85M
Owner & transaction history
348 E Cedar LLC · 4 yrs held
348 E Cedar LLC
since 2022
Last sale
$24.0M
7 recorded transactions
Zoning & alternative use
H-H · Livingston, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Research Laboratory District. § 170-116 R-L2 Research Laboratory District. § 170-117 I Limited Industrial District. § 170-118 CI Commercial Industrial District. § 170-118.1 Alternative small energy systems. § 170-118.2 HH Hospital Health Care District. § 170-118.3 OS-GC Open Space Golf Course District. Article XIII Stormwater Management Plans § 170-119 Gener…
Zone name
Hospital Health Care District
General category
CIVIC_INSTITUTIONAL
Zone area
68.59 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 Livingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livingston 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
$29,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.85M
Range $23.26M – $28.43M · ±10% · vs last sale $24.00M (Jul 21 2022)
Last sale anchor
$24.00M
Jul 21 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
$913,995
Tax year 2022
Assessed value
$39,176,800
Assessed 2023
Previous assessed
$39,176,800
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$4,965,900
Assessed improvement
$34,210,900
Land market value
$4,965,900
Improvement market value
$34,210,900
Total market value
$39,176,800
Applied tax rate
10.0000
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
Heating
NONE
Units
1
Lot
2.28 ac (99,282 SF)
Zoning code
H-H
APN
10 07300-0000-00005- 01
UPID
US59-2443161
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
H-H · Livingston, NJZoning H-H · permitted uses
H-H · Livingston, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Research Laboratory District. § 170-116 R-L2 Research Laboratory District. § 170-117 I Limited Industrial District. § 170-118 CI Commercial Industrial District. § 170-118.1 Alternative small energy systems. § 170-118.2 HH Hospital Health Care District. § 170-118.3 OS-GC Open Space Golf Course District. Article XIII Stormwater Management Plans § 170-119 General intent. § 170-120 Purpose. § 170-121 Plan required. § 170-122 Review and appro
Zone name
Hospital Health Care District
General category
CIVIC_INSTITUTIONAL
Zone area
68.59 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
348 E Cedar LLC
Entity
Mailing address
1815 RTE 9TH 9, TOMS RIVER, NJ 08755-1209
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$24,000,000
348 E Cedar LLC
Burris Post Acute Network Livingsto
Deed
$32,000,000 · Metropolitan Commercial Bank
Jul 25, 2016
—
Burris Post Acute Ntwk Livings
—
Deed
related
$24,259,301 · Investors Bk
—
—
Burris Post Acute Ntwk Livings
—
Deed Of Trust
related
$2,000,000 · Investors Bk
—
—
Burris Post Acute Ntwk Livings
—
Deed Of Trust
related
$2,000,000 · Investors Bk
—
—
Burris Post Acute Ntwk Livings
—
Deed Of Trust
related
$24,259,301 · Investors Bk
—
—
Burris Post Acute Ntwk Livings
—
Deed Of Trust
related
$24,259,301 · Investors Bk
—
—
Burris Post Acute Ntwk Livings
—
Deed Of Trust
related
$2,218,856 · Investors Bk
—
—
Burris Post Acute Ntwk Livings
—
Deed Of Trust
related
$2,218,856 · Investors Bk
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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