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Property profile & analytics
FOR SALE
Commercial real estate
45 Freeman St West Orange, NJ 07052
Individually Owned
Absentee Owner
Free & Clear
Property ID
US59-1512808
For Sale
1 / 33
$899,999
45 Freeman St, West Orange, NJ 07052
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Construction
BRICK
Lot
0.06 ac (2,701 SF)
Zoning code
B-1
APN
22 00028-0000-00005
UPID
US59-1512808
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
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
B-1 · West Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In B-1 and B-2 Districts, mixed-use developments shall be permitted as a conditional use in accordance with the requirements of § 25-24.2b2(m) . All proposed mixed-uses must comply with all health and building code regulations, including certificate of continued occupancy requirements. Off-street parking shall be provided as required for each individual use,…
Zone name
Retail Business
General category
COMMERCIAL
Zone area
99.79 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 West Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,610
Tax year 2023
Assessed value
$252,500
Assessed 2024
Previous assessed
$252,500
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$67,500
Assessed improvement
$185,000
Land market value
$67,500
Improvement market value
$185,000
Total market value
$252,500
Applied tax rate
22.0000
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
For Sale
Year built
1951
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.06 ac (2,701 SF)
Zoning code
B-1
APN
22 00028-0000-00005
UPID
US59-1512808
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · West Orange, NJZoning B-1 · permitted uses
B-1 · West Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In B-1 and B-2 Districts, mixed-use developments shall be permitted as a conditional use in accordance with the requirements of § 25-24.2b2(m) . All proposed mixed-uses must comply with all health and building code regulations, including certificate of continued occupancy requirements. Off-street parking shall be provided as required for each individual use, except that shared parking shall be permitted for a mixed-use development containing a residential use, per § 25-12.2a3 . All commercial/retail uses currently on the street level cannot be converted to residential use. Mixed uses and multiple principal uses on one lot shall be permitted in the B-1, B-2, P-C, O-R and I Districts.
Zone name
Retail Business
General category
COMMERCIAL
Zone area
99.79 ac
Building & site characteristics
From public records
Year built
1951
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
NOT AVAILABLE FROM DATA SOURCE
Individual
Free & Clear · 0 yrs held
Mailing address
17 YALE TER, WEST ORANGE, NJ 07052-4419
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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