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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Commercial real estate
470 Eagle Rock Ave West Orange, NJ 07052
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0034487
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Construction
CONCRETE BLOCKS
Total area
6,662 SF
Lot
0.95 ac (41,256 SF)
Zoning code
R-6
APN
22 00153-0000-00038
UPID
US59-0034487
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
$1.42M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.75M
Owner & transaction history
Orange Dev LLC · 3 yrs held
Orange Dev LLC
since 2023
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
R-6 · West Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+22.9%
Industrial (general)
$1.5M
+1.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,530,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,480,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,820,000
Change: +23% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,505,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$1,400,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.80M (Apr 3 2023)
Last sale anchor
$1.80M
Apr 3 2023
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
$263 / 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
$44,370
Tax year 2022
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$329,000
Assessed improvement
$671,000
Land market value
$329,000
Improvement market value
$671,000
Total market value
$1,000,000
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
Off-Market
Year built
1965
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
6,662 SF
Lot
0.95 ac (41,256 SF)
Zoning code
R-6
APN
22 00153-0000-00038
UPID
US59-0034487
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-6 · West Orange, NJ
Zoning R-6 · permitted uses
R-6 · West Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1965
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Orange Dev LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 MENLO PARK STE #500, EDISON, NJ 08837-2428
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$1,800,000
Orange Dev LLC
Zg Real Estate LLC
Deed
—
Jan 15, 2020
$1,175,000
Zg Real Estate LLC
Forsons Partners LLC
Grant Deed
—
Jul 17, 2019
—
Forsons Ptrs LLC
Lewis,michael
Quit Claim Deed
related
—
Sep 21, 2016
—
Ruth Kram Fj Associates LLC
Kram,ruth
Quit Claim Deed
related
—
Jul 15, 2004
$100
468 Eagle Rock Ave Assocs LLC
Kram,daniel
Grant Deed
related
—
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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