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Property profile & analytics
OFF-MARKET
Commercial real estate
447 State Rt 284 Sussex, NJ 07461-3920
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-3099198
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
1,584 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R-5
APN
24 00027-0000-00003
UPID
US59-3099198
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shivaay Skylands Property LLC · 3 yrs held
Shivaay Skylands Property LLC
since 2023
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
R-5 · Sussex, 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 Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$10,308
Tax year 2022
Assessed value
$358,300
Assessed 2023
Previous assessed
$358,300
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$61,300
Assessed improvement
$297,000
Land market value
$61,300
Improvement market value
$297,000
Total market value
$358,300
Applied tax rate
24.0000
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
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
1,584 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R-5
APN
24 00027-0000-00003
UPID
US59-3099198
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Sussex, NJZoning R-5 · permitted uses
R-5 · Sussex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Shivaay Skylands Property LLC
Entity
Mailing address
31 BONNIEVIEW LN, TOWACO, NJ 07082-1266
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$425,000
Shivaay Skylands Property LLC
Susan E Thomson LLC
Deed
$340,000 · Columbia Bank
Apr 6, 2018
—
Susan E Thomson LLC
—
Deed
related
$150,000 · Sussex Bk
Sep 18, 2014
$125,000
Susan E Thomson LLC
Bob & Joanis Log Cabin LLC
Grant Deed
—
Nov 13, 2003
$325,000
Bob & Joanis Log Cabin LLC
Schmidt,hans G & Helga
Grant Deed
—
—
—
Hans G Schmidt
—
Deed Of Trust
related
$18,000 · National Bank Sussex County
—
—
Hans G Schmidt
—
Deed Of Trust
related
$10,700 · Sussex Bank
—
—
Susan E Thomson LLC
—
Deed Of Trust
related
$150,000 · Sussex Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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