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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial real estate
388 Ramapo Vly Rd Oakland, NJ 07436-2749
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-3174661
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1906
Construction
TYPE NOT SPECIFIED
Total area
2,880 SF
Lot
0.26 ac (11,326 SF)
APN
42 03907-0000-00004
UPID
US59-3174661
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
-
THE MENS STUDIO Barber Shop
-
Salon Salon The Studio Hair Salon
-
Singas Famous Pizza Restaurant
-
Heavenly Touch Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
-
A Touch of Tweed Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$860k
Owner & transaction history
Saddlelake Real Estate LLC · 2 yrs held
Saddlelake Real Estate LLC
since 2023
Last sale
$850,000
3 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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
$910,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
OFFICE BUILDING
$695,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $850k (Oct 17 2023)
Last sale anchor
$850k
Oct 17 2023
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
$299 / 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
$13,444
Tax year 2022
Assessed value
$582,200
Assessed 2023
Previous assessed
$582,200
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$377,000
Assessed improvement
$205,200
Land market value
$377,000
Improvement market value
$205,200
Total market value
$582,200
Applied tax rate
42.0000
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
1906
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
2,880 SF
Lot
0.26 ac (11,326 SF)
APN
42 03907-0000-00004
UPID
US59-3174661
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$845,000
OFFICE BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1906
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Saddlelake Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
388 RAMAPO VLY RD, OAKLAND, NJ 07436-2749
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$850,000
Saddlelake Real Estate LLC
388 Rvr Associates LLC
Deed
—
Jun 24, 2010
$520,000
388 Rvr Asociates LLC
388 Ramapo Valley Road LLC
Grant Deed
$390,000 · Atlantic Stewardship Bank
Nov 9, 2004
$500,000
388 Ramapo Valley Road LLC
Tweedley,joanne H
Grant Deed
related
$375,000 · Union Center National Bank
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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