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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial real estate
511 Orange Ave South Orange, NJ 07079-2636
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-3106260
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Construction
CONCRETE BLOCKS
Total area
1,807 SF
Lot
0.34 ac (14,985 SF)
Zoning code
R60
APN
19 00904-0000-00018
UPID
US59-3106260
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
-
Dr. Pooja Malhotra, MD Physician Medical Clinic
-
Labruna Vincent F DPM Physician
-
Dr. Sofia Shapiro, MD Physician
-
Stepanyuk Olena MD Physician
-
NJ Immigration Exam Doctor Immigration & Naturalization Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$419k
Blend (final)
Blend
$550k
Owner & transaction history
South Orange Village Holdings LLC · 5 yrs held
South Orange Village Holdings LLC
since 2021
Last sale
$548,000
2 recorded transactions
Zoning & alternative use
R60 · South Orange, NJ
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 South Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$690,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$385,000
7%
$355,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $548k (Jun 1 2021)
Last sale anchor
$548k
Jun 1 2021
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
$304 / 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
$18,920
Tax year 2022
Assessed value
$539,500
Assessed 2023
Previous assessed
$539,500
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$278,000
Assessed improvement
$261,500
Land market value
$278,000
Improvement market value
$261,500
Total market value
$539,500
Applied tax rate
19.0000
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
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
1,807 SF
Lot
0.34 ac (14,985 SF)
Zoning code
R60
APN
19 00904-0000-00018
UPID
US59-3106260
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R60 · South Orange, NJZoning R60 · permitted uses
R60 · South Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Print Preview
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
South Orange Village Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
28 SANDALWOOD DR, LIVINGSTON, NJ 07039-1409
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$548,000
South Orange Village Holdings LLC
511 South Orange Ave LLC
Deed
—
Mar 10, 2004
$400,000
511 South Orange Ave LLC
Amr,mahmoud A
Grant Deed
$264,000 · Wachovia 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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