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Property profile & analytics
OFF-MARKET
Commercial real estate
4 Apollo Dr Whippany, NJ 07981-1423
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-3068779
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
BRICK
Total area
205 SF
Lot
16.46 ac (716,867 SF)
Zoning code
I
APN
12 03901-0000-00018
UPID
US59-3068779
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
-
CAE New Jersey Morristown Training Center Training Center
-
Aircare International Training Center
-
Signature Travel Services LLC Travel Agency
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
Cae Simuflite INC · 2 yrs held
Cae Simuflite INC
since 2023
Last sale
$22.1M
4 recorded transactions
Zoning & alternative use
I · Whippany, 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 Whippany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whippany 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 2022Property tax & assessments
Tax year 2022
Tax billed
$865,106
Tax year 2022
Assessed value
$42,954,600
Assessed 2023
Previous assessed
$42,954,600
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$4,214,300
Assessed improvement
$38,740,300
Land market value
$4,214,300
Improvement market value
$38,740,300
Total market value
$42,954,600
Applied tax rate
12.0000
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
2007
Construction
BRICK
Heating
NONE
Stories
2
Total area
205 SF
Lot
16.46 ac (716,867 SF)
Zoning code
I
APN
12 03901-0000-00018
UPID
US59-3068779
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Whippany, NJ
Zoning I · permitted uses
I · Whippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whippany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
BRICK
Heating
NONE
Stories
2
Lot
16.46 ac
Current owner
From public records · entity-resolved
Cae Simuflite INC
Entity
Free & Clear · 2 yrs held
Mailing address
99 WALL ST #2618, NEW YORK, NY 10005-4301
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Cae Simuflite INC
Lsac Morris County LP
Lease
—
Sep 19, 2023
$22,070,000
4 Apollo Drive LLC
Lsac Morris County LP
Bargain And Sale Deed
$12,250,000 · Citi Real Estate Funding INC
Nov 15, 2006
—
Lsac Morris County
Hp Whippany LLC
Grant Deed
—
Oct 18, 2005
$2,850,000
Hp Whippany LLC
Wxv Of Whippany Land LLC
Grant Deed
—
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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