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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Residential income homes
405 Grv St 9, North Plainfield, NJ 07060-3609
Entity Owned
4-yr Hold
Property ID
US59-3033913
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1961
Construction
BRICK
Total area
8,028 SF
Lot
0.35 ac (15,075 SF)
APN
14 00120-0000-00003
UPID
US59-3033913
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
$2.18M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
Np Forest 1 LLC · 4 yrs held
Np Forest 1 LLC
since 2022
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+115.7%
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 North Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Plainfield 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
$2,020,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Current use
OFFICE BUILDING
$3,055,000
Change: +116% · Conversion: Moderate
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.75M (Jun 8 2022)
Last sale anchor
$1.75M
Jun 8 2022
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
$235 / 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
$35,097
Tax year 2022
Assessed value
$860,000
Assessed 2023
Previous assessed
$860,000
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$222,000
Assessed improvement
$638,000
Land market value
$222,000
Improvement market value
$638,000
Total market value
$860,000
Applied tax rate
14.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1961
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
8,028 SF
Lot
0.35 ac (15,075 SF)
APN
14 00120-0000-00003
UPID
US59-3033913
Jurisdiction
SOMERSET
Metro division
EDISON, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) 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
1961
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Np Forest 1 LLC
Entity
Mailing address
930 E COUNTY LINE RDS103, LAKEWOOD, NJ 08701-2166
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$1,750,000
Np Forest 1 LLC
405 Grove Realty LLC
Deed
$1,312,500 · Connectone Bank
Apr 20, 2021
$561,443
405 Grove Realty LLC
405 Grove St LLC
Deed
$952,500 · Connectone Bank
Jan 8, 2015
$860,000
405 Grove St LLC
405 Grove Street Asso
Bargain And Sale Deed
$645,000 · Connectone Bank
Nov 4, 2009
—
405 Grove Street Associates
Chang,edward S & Jenny C
Grant Deed
—
Dec 31, 1990
$64,400
Edward S Chang
Unknown
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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