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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Commercial real estate
383 Ss Ave, Fanwood, NJ 07023
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1326171
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2013
Construction
FRAME
Total area
734 SF
Lot
0.43 ac (18,617 SF)
APN
05 00069-0000-00005
UPID
US59-1326171
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
-
Bayberry Culinary Consultants Vocational School Training Center
-
Sheelen's Fish Market, Fanwood, NJ Restaurant
-
Nostimo Mediterranean Greek Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
383 South Ave LLC · 2 yrs held
383 South Ave LLC
since 2024
Last sale
$1.3M
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 Fanwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fanwood 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
$1,290,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.29M (Feb 9 2024)
Last sale anchor
$1.29M
Feb 9 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
$1,757 / SF
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
$15,208
Tax year 2022
Assessed value
$541,800
Assessed 2023
Previous assessed
$541,800
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$453,400
Assessed improvement
$88,400
Land market value
$453,400
Improvement market value
$88,400
Total market value
$541,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2013
Construction
FRAME
Heating
NONE
Stories
1
Total area
734 SF
Lot
0.43 ac (18,617 SF)
APN
05 00069-0000-00005
UPID
US59-1326171
Jurisdiction
UNION
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
Year built
2013
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
383 South Ave LLC
Entity
Mailing address
1227 MORRIS AVE, UNION, NJ 07083-3307
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
$1,292,000
383 South Ave LLC
Sheelens Real Estate LLC
Bargain And Sale Deed
$1,152,000 · David Feinsilver
Jul 18, 2022
$475,000
Sheelens Real Estate LLC
The Cianciulli Family LLC
Deed
—
Aug 7, 2017
$1,000
Cianciulli Family LLC
Sheriff Of Union County|383 South Ave LLC
Trustees Deed
related
—
Jan 8, 2013
$430,081
383 South Ave LLC
Bayberry Culinary Consultants LLC
Deed
$2,484 · The Cianculli Family LLC
Jul 26, 2011
$500,000
Bayberry Culinary Consultants
Cianciulli Family LLC
Grant Deed
$437,500 · Cianciulli Family LLC
—
—
383 South Ave LLC
—
Loan Modification
related
$418,803 · Cianculli Family LLC
—
—
383 South Ave LLC
—
Loan Modification
related
$418,803 · Cianculli Family LLC
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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