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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Industrial properties
38 Riv Rd, Chatham, NJ 07928-1916
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1706444
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1912
Construction
FRAME
Lot
1.45 ac (63,195 SF)
Zoning code
M-3
APN
04 00135-0000-00003
UPID
US59-1706444
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
$3.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.05M
Owner & transaction history
Chatham River Road Realty LLC · 4 yrs held
Chatham River Road Realty LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
M-3 · Chatham, NJ
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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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
$3,560,000
ML approach
$3,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $2.50M (Dec 20 2021)
Last sale anchor
$2.50M
Dec 20 2021
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
$31,654
Tax year 2022
Assessed value
$2,613,600
Assessed 2023
Previous assessed
$1,450,000
+80.2% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,288,300
Assessed improvement
$1,325,300
Land market value
$1,288,300
Improvement market value
$1,325,300
Total market value
$2,613,600
Applied tax rate
4.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1912
Construction
FRAME
Heating
NONE
Stories
3
Lot
1.45 ac (63,195 SF)
Zoning code
M-3
APN
04 00135-0000-00003
UPID
US59-1706444
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-3 · Chatham, NJ
Zoning M-3 · permitted uses
M-3 · Chatham, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Construction
FRAME
Heating
NONE
Stories
3
Lot
1.45 ac
Current owner
From public records · entity-resolved
Chatham River Road Realty LLC
Entity
Mailing address
38 RIV RD, CHATHAM, NJ 07928-1916
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$2,500,000
Chatham River Road Realty LLC
Valley River Rd LLC
Deed
$1,875,000 · Investors Bank
—
—
Valley River Rd LLC
—
Deed Of Trust
related
$108,000 · Jesse Ballew Ents
—
—
Valley River Rd LLC
—
Loan Modification
related
$58,000 · Jesse James Investments INC
—
—
Valley River Rd LLC
—
Deed Of Trust
related
$138,000 · Jesse James Investments INC
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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