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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Grocery and convenience stores
390 Main St East Orange, NJ 07018-3208
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-1003367
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Total area
12,047 SF
Lot
0.23 ac (10,097 SF)
APN
05 00372-0000-00003
UPID
US59-1003367
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
-
Main St Sewer & Drains Co Plumbing Service General Contractor
-
Tropical Sun Specialty Food Shop Supermarket
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Coinme at Coinstar - Bitcoin Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Grace Realty Of Nj LLC · 21 yrs held
Grace Realty Of Nj LLC
since 2005
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,485,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,145,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,430,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$1,175,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,140,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10%
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
$140 / 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
$35,442
Tax year 2022
Assessed value
$1,219,600
Assessed 2023
Previous assessed
$1,219,600
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$201,900
Assessed improvement
$1,017,700
Land market value
$201,900
Improvement market value
$1,017,700
Total market value
$1,219,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
NONE
Units
1
Total area
12,047 SF
Lot
0.23 ac (10,097 SF)
APN
05 00372-0000-00003
UPID
US59-1003367
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
Heating
NONE
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Grace Realty Of Nj LLC
Entity
Mailing address
390 MAIN ST, EAST ORANGE, NJ 07018-3208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2005
$1,000,000
Grace Realty Of Nj LLC
Sins Realty LLC
Deed Of Trust
related
$1,050,000 · Chb America Bank
Apr 22, 2004
$10
Sins Realty LLC
Sin,hong K
Grant Deed
related
—
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
$250,000 · Nara Bank
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
$1,650,000 · Saehan Bank
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
$100,000 · Chb America Bank
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
—
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
$1,500,000 · Woori America Bk
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
$300,000 · Sin's Realty Of LLC
—
—
Grace Realty Of Nj LLC
—
Deed Of Trust
related
$1,400,000 · Nara 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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