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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Commercial real estate
425 Main St Chester, NJ 07930-2526
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US59-0711790
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
15,440 SF
Lot
0.31 ac (13,500 SF)
Zoning code
B-2
APN
06 00110-0000-00029
UPID
US59-0711790
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
-
Fulton Mortgage Company Loan Service Bank
-
Rolling Hills Recovery Center New Jersey Drug & Alcohol Rehab Medical Clinic
-
Frazier Industrial - ASRS Division Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$1.74M
Owner & transaction history
Desapio Real Estate Dev LLC · 16 yrs held
Desapio Real Estate Dev LLC
since 2010
7 recorded transactions
Zoning & alternative use
B-2 · Chester, 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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$112 / 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
$47,416
Tax year 2022
Assessed value
$1,884,000
Assessed 2023
Previous assessed
$1,818,800
+3.6% YoY
Effective rate
2.52%
On assessed value
Assessed land
$623,200
Assessed improvement
$1,260,800
Land market value
$623,200
Improvement market value
$1,260,800
Total market value
$1,884,000
Applied tax rate
6.0000
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Total area
15,440 SF
Lot
0.31 ac (13,500 SF)
Zoning code
B-2
APN
06 00110-0000-00029
UPID
US59-0711790
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Chester, NJ
Zoning B-2 · permitted uses
B-2 · Chester, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Desapio Real Estate Dev LLC
Entity
Mailing address
92 E MAIN STSUITE403, SOMERVILLE, NJ 08876-2319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Mar 20, 2025
—
Desapio Real Estate Development LLC
—
Deed
related
$3,075,000 · Oceanfirst Bank
Sep 23, 2022
—
Desapio Real Estate Developments Ll
—
Deed
related
$300,000 · Oceanfirst Bank
Jul 2, 2021
—
Desapio Real Estate Development LLC
—
Deed
related
$2,700,000 · Oceanfirst Bank
Feb 17, 2021
—
Desapio Real Estate Development LLC
—
Deed
related
—
Jun 28, 2010
$3,000,000
Desapio Real Estate Dev LLC
Skylands Cmnty Bk
Grant Deed
$2,400,000 · Skylands Community Bank
Mar 12, 2010
—
Skylands Cmnty Bk
Adams Colonial Court LLC
Grant Deed
—
Jul 30, 2007
—
Adams Colonial Court LLC
Adams,william J JR
Quit Claim Deed
$4,800,000 · Skylands Community Bank
—
—
Adams Colonial Court LLC
—
Deed Of Trust
related
$200,000 · Skylands Community Bank
—
—
Adams Colonial Court LLC
—
Deed Of Trust
related
$3,540,000 · Key Bank & Trust
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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