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Property profile & analytics
OFF-MARKET
Estimated value
$7,170,000
Residential income homes
5 Grv St 21, North Plainfield, NJ 07060-4707
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0746897
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1910
Construction
BRICK
Lot
0.85 ac (36,815 SF)
APN
14 00141-0000-00014
UPID
US59-0746897
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
$6.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.17M
Owner & transaction history
Pf Grove LLC · 3 yrs held
Pf Grove LLC
since 2023
Last sale
$7.5M
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 North Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Plainfield 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
$6,740,000
ML approach
$6,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±10% · vs last sale $7.50M (May 25 2023)
Last sale anchor
$7.50M
May 25 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
—
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
$143,855
Tax year 2022
Assessed value
$3,525,000
Assessed 2023
Previous assessed
$3,525,000
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$1,645,000
Assessed improvement
$1,880,000
Land market value
$1,645,000
Improvement market value
$1,880,000
Total market value
$3,525,000
Applied tax rate
14.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.85 ac (36,815 SF)
APN
14 00141-0000-00014
UPID
US59-0746897
Jurisdiction
SOMERSET
Metro division
EDISON, 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
Year built
1910
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Pf Grove LLC
Entity
Free & Clear · 3 yrs held
Mailing address
170 OBERLIN AVE N STE #2, LAKEWOOD, NJ 08701-4548
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
$7,500,000
Pf Grove LLC
Grove Street Apartments LLC
Deed
—
Dec 15, 2020
$4,200,000
Grove Street Apartments LLC
Ava Management LLC
Deed
$3,360,000 · Greystone Servicing Company LLC
Feb 17, 2011
$1,400,000
Ava Management LLC
5-21 Grove Street LLC
Deed
$1,050,000 · Investors Savings Bank
Jun 2, 2010
—
5-21 Grove Street LLC
Hansas Grove LLC
Deed In Lieu Of Foreclosure
related
—
Apr 9, 2010
—
Hansas Grove LLC
—
Trustees Deed
related
$116,105 · Hansas LLC
Jul 13, 1990
$1,300,000
Thomas Callahan
Unknown
Grant Deed
—
—
—
Hansas Grove LLC
—
Deed Of Trust
related
$1,800,000 · Washington Mutual Fsb
—
—
Hansas Grove LLC
—
Deed Of Trust
related
$1,387,500 · Washington Mutual Fsb
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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