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Property profile & analytics
OFF-MARKET
Commercial real estate
373 State Rt 17 Mahwah, NJ 07430
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1438094
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Construction
CONCRETE BLOCKS
Lot
0.79 ac (34,238 SF)
Zoning code
B40
APN
33 00063-0000-00004
UPID
US59-1438094
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nissirios Brothers · 8 yrs held
Nissirios Brothers
since 2018
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
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
$33,462
Tax year 2023
Assessed value
$1,642,700
Assessed 2024
Previous assessed
$1,642,700
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$750,500
Assessed improvement
$892,200
Land market value
$750,500
Improvement market value
$892,200
Total market value
$1,642,700
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
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.79 ac (34,238 SF)
Zoning code
B40
APN
33 00063-0000-00004
UPID
US59-1438094
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
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Nissirios Brothers
Individual
Mailing address
373 STATE RT 17, MAHWAH, NJ 07430
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 26, 2018
—
Nissirios Brothers
—
Deed
related
$1,000,000 · Td Bk NA
—
—
Nissirios Brothers
—
Deed Of Trust
related
$1,000,000 · Td Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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