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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
45 Riv Rd, Edgewater, NJ 07020-1017
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2205903
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.67 ac (72,745 SF)
APN
13 00099-0000-00001- 02
UPID
US59-2205903
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
-
Lever Brothers Metro FCU Credit Union
-
Sleeping Mermaid Resort
-
Peak Wellness Family Chiropractic Alternative Medicine Practice
-
Bergen Engineering Co Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Edgewater Glass House LLC · 10 yrs held
Edgewater Glass House LLC
since 2015
7 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$116,128
Tax year 2022
Assessed value
$7,536,500
Assessed 2023
Previous assessed
$7,536,500
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$4,182,800
Assessed improvement
$3,353,700
Land market value
$4,182,800
Improvement market value
$3,353,700
Total market value
$7,536,500
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Heating
NONE
Lot
1.67 ac (72,745 SF)
APN
13 00099-0000-00001- 02
UPID
US59-2205903
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
Building & site characteristics
From public records
Heating
NONE
Lot
1.67 ac
Current owner
From public records · entity-resolved
Edgewater Glass House LLC
Entity
Mailing address
485 W PUTNAM AVE, GREENWICH, CT 06830-6060
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2015
—
Edgewater Glass House LLC
Park Edgewater LLC
Quit Claim Deed
related
$54,000,000 · Cit Bk
Mar 4, 2015
—
Sxc Edgewater Hotel LLC
—
Trustees Deed
related
$21,000,000 · People's United Bk
Feb 19, 2015
$400,000
45 River Road Associates LLC
I Park Edgewater LLC
Grant Deed
—
Feb 19, 2015
$900,000
Ddd & Associates LLC
Ipark Edgewater LLC
Grant Deed
related
—
Sep 16, 2014
$7,800,000
Sxc Edgewater Hotel LLC
I Park Edgewater LLC
Grant Deed
—
Aug 29, 2014
—
One Main Street Edgewater LLC
Two Main Street Edgewater LLC
Grant Deed
—
Jan 13, 2014
—
North Building Edgewater LLC
I Park Edgewater LLC
Grant Deed
related
$30,000,000 · First Niagara Bk
Jul 12, 2012
$550,000
Eagle Rock Group LLC
I Park Edgewater LLC
Grant Deed
—
Jul 12, 2012
—
115 River Road LLC
Ipark Edgewater LLC
Grant Deed
related
—
Jan 27, 2012
—
Town Main Street Edgewater LLC
I Park Edgewater LLC
Grant Deed
related
—
Jan 12, 2012
—
Edgewater Lofts LLC
I Park Edgewater LLC
Quit Claim Deed
related
—
Jun 17, 2010
—
75 River Road Edgewater LLC
I Park Edgewater LLC
Grant Deed
related
—
Jul 13, 2009
$7,562,500
Edgewater Hudson LLC
I Park Edgewater LLC
Grant Deed
related
$6,900,000 · State Bk/long Island
Mar 17, 2009
—
45 River Road LLC
—
Trustees Deed
related
$3,750,000 · Hudson Vly Bk
Oct 20, 2004
$23,000,000
Unilever Research & Dev
I Park Edgewater LLC
Grant Deed
related
—
—
—
I Park Edgewater LLC
—
Deed Of Trust
related
$29,800,000 · Ubs R/e Invs
—
—
Michael J Paolucci
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bk
—
—
One Main Street Edgewater LLC
—
Deed Of Trust
related
$200,000,000 · Berkadia Com'l Mtg
—
—
Edgewater Lofts LLC
—
Loan Modification
related
$25,000,000 · Cit Bk
—
—
Edgewater Lofts LLC
—
Deed Of Trust
related
$20,000,000 · Cit Fin
—
—
I Park Edgewater LLC
—
Loan Modification
related
$200,491 · Ubs R/e Secs
—
—
Edgewater Lofts LLC
—
Deed Of Trust
related
$10,000,000 · Cit Lndg Svcs
—
—
I Park Edgewater LLC
—
Loan Modification
related
$38,006,250 · Sp Edgewater LLC
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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