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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Commercial real estate
47 Main St Chatham, NJ 07928-2401
Entity Owned
13-yr Hold
Absentee Owner
Property ID
US59-0727846
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2014
Construction
FRAME
Total area
5,408 SF
Lot
0.62 ac (27,007 SF)
Zoning code
B-3
APN
04 00129-0000-00005
UPID
US59-0727846
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
$1.42M
Blend (final)
Blend
$1.17M
Owner & transaction history
Chatham Gateway LLC · 13 yrs held
Chatham Gateway LLC
since 2013
3 recorded transactions
Zoning & alternative use
B-3 · Chatham, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 165-14 R-1, R-2, R-3 and R-4 Residential Districts. § 165-15 G-1 Residential District. Article V Business District Regulations § 165-16 B-1 Business Service District. § 165-17 B-2 Regional Business District. § 165-18 B-3 General Business District. § 165-19 B-4 Community Business District. § 165-20 B-5 Office District. § 165-21 B-6 Business Office District.…
Zone name
Business District
General category
COMMERCIAL
Zone area
23.65 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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,315,000
Current use
OFFICE BUILDING
$1,135,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$215 / 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
$48,026
Tax year 2022
Assessed value
$2,923,900
Assessed 2023
Previous assessed
$2,200,000
+32.9% YoY
Effective rate
1.64%
On assessed value
Assessed land
$304,500
Assessed improvement
$2,619,400
Land market value
$304,500
Improvement market value
$2,619,400
Total market value
$2,923,900
Applied tax rate
4.0000
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
Year built
2014
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
5,408 SF
Lot
0.62 ac (27,007 SF)
Zoning code
B-3
APN
04 00129-0000-00005
UPID
US59-0727846
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Chatham, NJZoning B-3 · permitted uses
B-3 · Chatham, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 165-14 R-1, R-2, R-3 and R-4 Residential Districts. § 165-15 G-1 Residential District. Article V Business District Regulations § 165-16 B-1 Business Service District. § 165-17 B-2 Regional Business District. § 165-18 B-3 General Business District. § 165-19 B-4 Community Business District. § 165-20 B-5 Office District. § 165-21 B-6 Business Office District. § 165-22 Area, yard and building requirements for business districts. § 165-23 Ge
Zone name
Business District
General category
COMMERCIAL
Zone area
23.65 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
2014
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Chatham Gateway LLC
Entity
Mailing address
1481 OAK TREE RD SITAR, ISELIN, NJ 08830-1625
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2013
$950,000
Chatham Gateway LLC
B & B Associates LLC
Grant Deed
—
Jan 31, 2013
$1,000
Chatham Gateway LLC
Borough Of Chatham
Quit Claim Deed
related
$3,000,000 · Columbia Bank
—
—
Erik A Bresnahan
—
Deed Of Trust
related
$150,000 · J P Morgan Chase Bank
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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