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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Commercial real estate
42 Franklin Tpke, Ramsey, NJ 07446-2034
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-3180230
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
BRICK
Total area
6,570 SF
Lot
0.71 ac (30,753 SF)
APN
48 04703-0000-00018
UPID
US59-3180230
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
$1.54M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.48M
Owner & transaction history
Van Orden Realty LLC · 3 yrs held
Van Orden Realty LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+12.9%
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 Ramsey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramsey 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
$1,555,000
ML approach
$1,535,000
CAP Approach
CAP Return
Estimation
6%
$1,530,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,910,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,160,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$1,585,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10% · vs last sale $1.45M (May 12 2023)
Last sale anchor
$1.45M
May 12 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
$225 / 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
$42,839
Tax year 2022
Assessed value
$1,633,200
Assessed 2023
Previous assessed
$1,633,200
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$476,600
Assessed improvement
$1,156,600
Land market value
$476,600
Improvement market value
$1,156,600
Total market value
$1,633,200
Applied tax rate
48.0000
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
1968
Construction
BRICK
Heating
NONE
Stories
2
Total area
6,570 SF
Lot
0.71 ac (30,753 SF)
APN
48 04703-0000-00018
UPID
US59-3180230
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
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Van Orden Realty LLC
Entity
Mailing address
702 SABER CT, FRANKLIN LAKES, NJ 07417-2931
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Van Orden Realty LLC
Tls Oreo Holdings LLC
Quit Claim Deed
related
—
Nov 15, 2019
$729,000
Tls Oreo Holdings LLC
Sheriff Of Bergen County|sage Realty Co LLC
Trustees Deed
related
—
Aug 30, 2017
—
Sage Realty Co LLC
—
Trustees Deed
related
$650,000 · Andrew Leicht
Jan 6, 2009
—
Sage Realty Co LLC
—
Trustees Deed
related
$130,000 · Nouri Property Management INC
Jul 17, 2007
$1,450,000
Sage Realty Co LLC
42 North Franklin Turnpike Cor
Grant Deed
$1,350,000 · New Jersey Community Bk
—
—
Alliance Hand & Physical Thera|sage Realty Co LLC
—
Deed Of Trust
related
$1,200,000 · Loan Source
—
—
Sage Realty Co LLC
—
Deed Of Trust
related
$200,000 · Atlantic Stewardship Bank
—
—
Sage Realty Co LLC
—
Deed Of Trust
related
$1,650,000 · Atlantic Stewardship 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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