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Property profile & analytics
OFF-MARKET
Estimated value
$80,095,000
Commercial real estate
44 Queen Anne Rd Bogota, NJ 07603-1818
Individually Owned
6-yr Hold
Free & Clear
Property ID
US59-2845129
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
BRICK
Total area
900,102 SF
Lot
0.39 ac (17,071 SF)
Zoning code
R1
APN
04 00094-0000-00011
UPID
US59-2845129
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$62.03M
Blend (final)
Blend
$80.10M
Owner & transaction history
Leon Toutounjian · 6 yrs held
Leon Toutounjian
since 2019
5 recorded transactions
Zoning & alternative use
R1 · Bogota, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
[Ord. #1007, A7; Ord. #1091, SII; Ord. #1256, S1; Ord. #1268, S1; Ord. #1282, S6] For the purpose of this chapter, the Borough of Bogota is hereby divided into use districts as follows: Zone Designation Zone Description R-1 One-Family Residential R-1A One-Family Residential/Multi-Family, Senior Citizen R-2 One- and Two-Family Residential R-3 Multi-Family Res…
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
306.65 ac
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 Bogota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bogota 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$80.10M
Range $72.09M – $88.10M · ±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
$89 / 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
$32,735
Tax year 2022
Assessed value
$774,800
Assessed 2023
Previous assessed
$774,800
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$174,500
Assessed improvement
$600,300
Land market value
$174,500
Improvement market value
$600,300
Total market value
$774,800
Applied tax rate
4.0000
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
1940
Construction
BRICK
Heating
NONE
Stories
2
Total area
900,102 SF
Lot
0.39 ac (17,071 SF)
Zoning code
R1
APN
04 00094-0000-00011
UPID
US59-2845129
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · Bogota, NJZoning R1 · permitted uses
R1 · Bogota, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
[Ord. #1007, A7; Ord. #1091, SII; Ord. #1256, S1; Ord. #1268, S1; Ord. #1282, S6] For the purpose of this chapter, the Borough of Bogota is hereby divided into use districts as follows: Zone Designation Zone Description R-1 One-Family Residential R-1A One-Family Residential/Multi-Family, Senior Citizen R-2 One- and Two-Family Residential R-3 Multi-Family Residential R-4 Residential/Multi-Family Senior Citizen PD Planned Development AR Age
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
306.65 ac
Building & site characteristics
From public records
Year built
1940
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Leon Toutounjian
Individual
Free & Clear · 6 yrs held
Mailing address
87 TEANECK RD, TEANECK, NJ 07666-3833
Ownership since
2019
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
Nov 1, 2019
—
Leon Toutounjian
Leon Toutounjian
Quit Claim Deed
—
Oct 15, 2013
$2,000
Rolando Flores
State Of New Jersey Dept/transpor
Grant Deed
related
—
Jun 27, 2008
$30,000
Leon Toutounjian
Toutounjian,ara
Grant Deed
related
—
Mar 31, 2000
$30,000
Leon Toutounjian
Toutounjian,ara
Grant Deed
related
—
May 30, 1997
$125,000
Anais Toutounjian
Queen,anne Theat
Grant Deed
$90,000 · Seller
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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