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Property profile & analytics
OFF-MARKET
Estimated value
$20,265,000
Commercial real estate
51 State Rt 17 East Rutherford, NJ 07073-2133
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1767238
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
96,170 SF
Lot
12.85 ac (559,833 SF)
APN
12 00091-0000-00001
UPID
US59-1767238
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
$20.64M
Comparable Approach
Comparable
$26.03M
Blend (final)
Blend
$20.27M
Owner & transaction history
Borough Of East Rutherford · 10 yrs held
Borough Of East Rutherford
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$31.6M
+60.4%
Office building
$23.2M
+17.9%
Industrial (general)
$21.5M
+9.3%
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 East Rutherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Rutherford 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%
$22,360,000
6.5%
$20,640,000
7%
$19,165,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$19,700,000
Current use
APARTMENT HOUSE (5+ UNITS)
$31,595,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$23,230,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$21,540,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$20.27M
Range $18.24M – $22.29M · ±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
$211 / 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
$464,621
Tax year 2022
Assessed value
$27,742,100
Assessed 2023
Previous assessed
$27,742,100
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$20,820,200
Assessed improvement
$6,921,900
Land market value
$20,820,200
Improvement market value
$6,921,900
Total market value
$27,742,100
Applied tax rate
12.0000
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
2004
Heating
NONE
Units
1
Total area
96,170 SF
Lot
12.85 ac (559,833 SF)
APN
12 00091-0000-00001
UPID
US59-1767238
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$19.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.6M
OFFICE BUILDING
Est. value
$23.2M
INDUSTRIAL (GENERAL)
Est. value
$21.5M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
NONE
Units
1
Lot
12.85 ac
Current owner
From public records · entity-resolved
Borough Of East Rutherford
Individual
Free & Clear · 10 yrs held
Mailing address
2035 STATE RTE 27TH STE #2150, EDISON, NJ 08817-3351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jun 22, 2022
—
Liberty Commons LLC
—
Deed
related
$75,000,000 · Ctbc Bank Corp USA
Nov 10, 2015
—
Borough Of East Rutherford
Liberty Commons LLC
Grant Deed
related
—
Jan 15, 2009
—
Liberty Commons LLC
Liberty Commons LLC
Quit Claim Deed
related
$4,499,990 · Sovereign Bank
Aug 26, 2005
—
Liberty Commons LLC
—
Trustees Deed
related
$4,500,000 · Independence Community Bank
Jul 21, 2004
$3,100,000
E Rutherford Hote LLC
Liberty Commons LLC
Grant Deed
related
—
Jun 10, 2004
—
Liberty Commons LLC
—
Deed Of Trust
related
$13,500,000 · Independence Community Bank
—
—
Liberty Commons LLC
—
Deed Of Trust
related
$15,800,000 · Sovereign Bank
—
—
Liberty Commons II LLC
—
Deed Of Trust
related
$2,625,000 · Mariners 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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