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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Commercial real estate
37 Shepard Ave East Orange, NJ 07018
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0712291
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.1 ac (4,552 SF)
APN
05 00510-0000-00005
UPID
US59-0712291
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
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
37 Shepard Holdings LLC · 1 yrs held
37 Shepard Holdings LLC
since 2024
Last sale
$2.2M
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
Method
Estimation
Statistic approach
$1,795,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.20M (Dec 2 2024)
Last sale anchor
$2.20M
Dec 2 2024
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
$3,502
Tax year 2022
Assessed value
$120,500
Assessed 2023
Previous assessed
$120,500
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$114,800
Assessed improvement
$5,700
Land market value
$114,800
Improvement market value
$5,700
Total market value
$120,500
Applied tax rate
5.0000
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
0.1 ac (4,552 SF)
APN
05 00510-0000-00005
UPID
US59-0712291
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
Heating
NONE
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
37 Shepard Holdings LLC
Entity
Mailing address
80 W CENTURY RD STE #101, PARAMUS, NJ 07652-1467
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$2,200,000
37 Shepard Holdings LLC
35 Shepard Ave LLC
Deed
$1,287,000 · Rflf 7 LLC
Oct 31, 2024
—
35 Shepard Ave LLC
7jpl 21 Eo 32 LLC
Deed
—
Sep 16, 2024
—
Tjpl 21 Eo 32 LLC
—
Deed
related
$16,300,000 · Fs Rialto 2019 Fl1 Issuer Ltd
Sep 23, 2021
$1,425,000
Tjpl 21 Eo 32 LLC
Besadar LLC
Deed
—
Oct 21, 2019
—
Besadar LLC
—
Deed
related
$1,100,000 · Atlantic Stewardship Bk
Aug 10, 2018
$737,000
Besadar LLC
35 Shepard Ave LLC
Grant Deed
—
Jun 11, 2018
$737,000
Besadar LLC
35 Shepard Ave LLC
Grant Deed
$635,225 · Arch Fndg LLC
Jul 20, 2017
$576,000
Wfb 35 LLC
Ayo 35 Realty LLC
Grant Deed
—
Feb 27, 2006
$720,000
Ayo 35 Realty LLC
Wilson,kenneth
Grant Deed
$576,000 · Citibank Fsb
—
—
Besadar LLC
—
Deed Of Trust
related
$1,100,000 · Atlantic Stewardship 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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