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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
44 Glenwood Ave East Orange, NJ 07017-1557
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-2513744
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.92 ac (40,095 SF)
APN
05 00671-0000-00022
UPID
US59-2513744
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
-
Divine Beauty & Barber Academy High School
-
Flourish Home Care Home Health Care Service
-
East Orange Community Charter High School
-
Com-Tec Institute Vocational School Training Center
-
I Doo Hair Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Peniel Community Serices INC · 9 yrs held
Peniel Community Serices INC
since 2016
6 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
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
—
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
$68,573
Tax year 2022
Assessed value
$2,359,700
Assessed 2023
Previous assessed
$2,359,700
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$602,100
Assessed improvement
$1,757,600
Land market value
$602,100
Improvement market value
$1,757,600
Total market value
$2,359,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Stories
3
Units
1
Lot
0.92 ac (40,095 SF)
APN
05 00671-0000-00022
UPID
US59-2513744
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
Building & site characteristics
From public records
Heating
NONE
Stories
3
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Peniel Community Serices INC
Entity
Mailing address
44 GLENWOOD AVE, EAST ORANGE, NJ 07017-1557
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2016
—
Peniel Community Serices INC
Peniel Community Services INC
Quit Claim Deed
related
—
Oct 18, 2016
—
Paniel Community Svcs INC
Paniel Community Services INC
Quit Claim Deed
related
—
Oct 30, 2014
—
Peniel Community Services INC
44 Glenwood Manageme INC
Grant Deed
related
—
Mar 5, 2013
—
44 Glenwod Management INC
Peniel Community Services INC
Grant Deed
—
Nov 5, 2008
—
Peniel Community Services INC
Adesumola Olagbegi
Deed
$750,000 · Vantage Point Bank
May 14, 2008
$535
Olagbegi,adesumola
Adesumola Oluokun
Grant Deed
related
—
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.
Try Rey
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