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Property profile & analytics
FOR LEASE
Commercial real estate
440 Old Hook Rd Emerson, NJ 07630
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2153602
For Lease
1 / 11
Contact for pricing
440 Old Hook Rd, Emerson, NJ 07630
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
13,161 SF
Lot
0.58 ac (25,199 SF)
APN
14 01101-0000-00005- 03
UPID
US59-2153602
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
-
Katherine L. Amato, PA-C Physician
-
Oscar Vazquez Medical Clinic Hospital
-
Dayna Phillips Medical Clinic Hospital
-
James C. Natalicchio, MD, FAAPMR Physician Medical Clinic
-
ANGIE AGRAWAL Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.24M
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$4.10M
Owner & transaction history
Nc 440 Old Hook Owner LLC · 3 yrs held
Nc 440 Old Hook Owner LLC
since 2022
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.3M
+12.2%
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 Emerson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emerson 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
$4,435,000
ML approach
$4,240,000
CAP Approach
CAP Return
Estimation
6%
$3,060,000
6.5%
$2,825,000
7%
$2,625,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,855,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,325,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$3,180,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±10% · vs last sale $3.95M (Aug 8 2022)
Last sale anchor
$3.95M
Aug 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
$311 / 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
$60,560
Tax year 2022
Assessed value
$2,360,100
Assessed 2023
Previous assessed
$2,360,100
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$618,900
Assessed improvement
$1,741,200
Land market value
$618,900
Improvement market value
$1,741,200
Total market value
$2,360,100
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 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
For Lease
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
13,161 SF
Lot
0.58 ac (25,199 SF)
APN
14 01101-0000-00005- 03
UPID
US59-2153602
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
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.2M
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
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Nc 440 Old Hook Owner LLC
Entity
Mailing address
463 LIVINGSTON STAVE102-1, NORWOOD, NJ 07648-1344
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
Aug 8, 2022
$3,950,000
Nc 440 Old Hook Owner LLC
440 Old Hook LLC
Deed
$2,962,500 · Customers Bank
Nov 26, 2019
—
440 Old Hook LLC
—
Deed
related
$200,000 · Connectone Bank
Mar 8, 2016
—
T14 Unison Site Management LLC
440 Old Hook LLC
Grant Deed
related
—
Sep 24, 2014
$2,405,000
440 Old Hook LLC
440 Old Hook Realty Co LLC
Grant Deed
related
—
—
—
Meltel LLC
—
Deed Of Trust
related
$277,515 · Deutsche Bk Tr Co Americas
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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