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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Commercial real estate
544 Mt Hope Rd Wharton, NJ 07885-2816
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US59-3197917
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
FRAME
Total area
4,790 SF
Lot
0.38 ac (16,553 SF)
Zoning code
R-20
APN
35 11402-0000-00021
UPID
US59-3197917
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
$540k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$580k
Owner & transaction history
Arvind Grover · 15 yrs held
Arvind Grover
since 2010
6 recorded transactions
Zoning & alternative use
R-20 · Wharton, NJ
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 Wharton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wharton 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%
$585,000
6.5%
$540,000
7%
$500,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$121 / 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
$15,603
Tax year 2022
Assessed value
$613,600
Assessed 2023
Previous assessed
$573,200
+7.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$151,500
Assessed improvement
$462,100
Land market value
$151,500
Improvement market value
$462,100
Total market value
$613,600
Applied tax rate
35.0000
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
2006
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
4,790 SF
Lot
0.38 ac (16,553 SF)
Zoning code
R-20
APN
35 11402-0000-00021
UPID
US59-3197917
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-20 · Wharton, NJ
Zoning R-20 · permitted uses
R-20 · Wharton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wharton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Arvind Grover
Individual
Mailing address
8 FRDS RD, RANDOLPH, NJ 07869-2123
Ownership since
2010
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
Sep 15, 2010
$395,000
Arvind Grover
Community Bk Of Bergen Cnty Nj
Grant Deed
$200,000 · Community Bank Bergen County
Feb 26, 2010
—
Community Bank Of Bergen Cnty Nj
Turzi,patrick
Grant Deed
—
Dec 1, 2006
$180,000
Patrick Turzi
Rocco Turzi
Deed
related
$750,000 · Community Bank Of Bergen
May 1, 2006
$1
Rocco Turzi
Turzi,rocco
Grant Deed
related
—
Jan 23, 2006
$180,000
Rocco Turzi
Saam,leonard M
Grant Deed
—
—
—
Patrick Turzi
—
Deed Of Trust
related
$25,000 · Community Bank Bergen County
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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