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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Commercial real estate
5 Emery Ave Randolph, NJ 07869-1300
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1151687
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Total area
16,800 SF
Lot
1.55 ac (67,518 SF)
Zoning code
I-1
APN
32 00073-0000-00064
UPID
US59-1151687
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
-
RAME-HART Industrial Manufacturer Production Facility
-
Beckett Furnace Repair Randolph HVAC Service General Contractor
-
SANOVO VAX Inc Poultry Farm
-
Nisivoccia Raymond CPA IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.02M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$3.14M
Owner & transaction history
5 Emery Ave LLC · 1 yrs held
5 Emery Ave LLC
since 2024
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
I-1 · Randolph, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+16.8%
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 Randolph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randolph 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
$3,055,000
ML approach
$3,015,000
CAP Approach
CAP Return
Estimation
6%
$2,055,000
6.5%
$1,900,000
7%
$1,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,015,000
Current use
OFFICE BUILDING
$3,520,000
Change: +17% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,005,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $3.50M (Sep 5 2024)
Last sale anchor
$3.50M
Sep 5 2024
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
$187 / 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
$31,737
Tax year 2022
Assessed value
$1,187,300
Assessed 2023
Previous assessed
$1,187,300
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$310,000
Assessed improvement
$877,300
Land market value
$310,000
Improvement market value
$877,300
Total market value
$1,187,300
Applied tax rate
32.0000
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
1966
Heating
NONE
Total area
16,800 SF
Lot
1.55 ac (67,518 SF)
Zoning code
I-1
APN
32 00073-0000-00064
UPID
US59-1151687
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Randolph, NJ
Zoning I-1 · permitted uses
I-1 · Randolph, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randolph. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1966
Heating
NONE
Lot
1.55 ac
Current owner
From public records · entity-resolved
5 Emery Ave LLC
Entity
Mailing address
93 PARK AVE, RANDOLPH, NJ 07869-2503
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$3,500,000
5 Emery Ave LLC
Linares Romero LLC
Deed
$1,900,000 · Habib American Bank
Mar 11, 2021
$2,225,000
Linares Romero LLC
Emery LLC
Deed
$2,035,500 · Magyar Bank
Jul 7, 2011
$850,000
Emery LLC
Nisivoccia,raymond
Grant Deed
—
Jul 7, 2011
—
Raymond Nisivoccia
5 Emery Realty Associates LLC
Grant Deed
—
—
—
5 Emery Realty Associates LLC
—
Deed Of Trust
related
$500,000 · Skylands Community Bank
—
—
Emery Ave Associates LLC
—
Deed Of Trust
related
$490,000 · Commerce Bank NA
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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