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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Industrial properties
451 Vly St South Orange, NJ 07079-2807
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2997395
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
CONCRETE BLOCKS
Total area
11,220 SF
Lot
0.27 ac (11,718 SF)
Zoning code
B-B2
APN
19 02302-0000-00002
UPID
US59-2997395
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
-
Blink Fitness South Orange Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.01M
Owner & transaction history
Sig Cre 2023 Venture LLC · 2 yrs held
Sig Cre 2023 Venture LLC
since 2024
7 recorded transactions
Zoning & alternative use
B-B2 · South Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.1M
+21.1%
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 South Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,145,000
6.5%
$1,980,000
7%
$1,835,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,535,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,070,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$2,355,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±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
$179 / 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
$49,343
Tax year 2022
Assessed value
$1,407,000
Assessed 2023
Previous assessed
$1,407,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$410,100
Assessed improvement
$996,900
Land market value
$410,100
Improvement market value
$996,900
Total market value
$1,407,000
Applied tax rate
19.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1951
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
11,220 SF
Lot
0.27 ac (11,718 SF)
Zoning code
B-B2
APN
19 02302-0000-00002
UPID
US59-2997395
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-B2 · South Orange, NJ
Zoning B-B2 · permitted uses
B-B2 · South Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (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
Year built
1951
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Sig Cre 2023 Venture LLC
Entity
Mailing address
97 MAIN ST STE #201, CHATHAM, NJ 07928-2429
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
—
Sig Cre 2023 Venture LLC
Federal Deposit Insurance Corporati
Assignment Of Lease (leasehold Sale)
—
Jan 12, 2017
—
451 Realty Management LLC
—
Deed
related
$2,000,000 · Signature Bank
Dec 14, 2016
—
451 Realty Management LLC
—
Deed
related
$400,000 · Agatha Uberoi
Aug 16, 2016
—
Blink South Orange INC
—
Deed
related
—
Aug 5, 2016
—
Blink South Orange INC
15 Realty Management LLC
Grant Deed
related
—
Oct 8, 2014
$420,000
451 Realty Management LLC
Glicksman,ted
Grant Deed
—
—
—
Blink South Orange INC
—
Deed Of Trust
related
—
—
—
451 Realty Management LLC
—
Deed Of Trust
related
$400,000 · Agatha Uberoi
—
—
451 Realty Management LLC
—
Deed Of Trust
related
$2,000,000 · Signature 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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