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Property profile & analytics
OFF-MARKET
Commercial real estate
55 57th Rt 15 Lafayette, NJ 07848
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US59-1803471
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
CONCRETE BLOCKS
Total area
2,176 SF
Lot
1.05 ac (45,738 SF)
Zoning code
HC
APN
13 00008-0000-00022
UPID
US59-1803471
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Galvao Brothers LLC · 20 yrs held
Galvao Brothers LLC
since 2006
3 recorded transactions
Zoning & alternative use
HC · Lafayette, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
HC HIGHWAY COMMERCIAL DISTRICT. § 13-12.1 Principal Uses and Buildings Permitted. [ Ord. No. 2012-06 § 13-12.1] Principal uses permitted in the VC Zone. Retail sales establishments, retail sales establishments neighborhood, retail sales convenience or retail service establishments provided that: Any goods or products fabricated or processed incidental to suc…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
245.91 ac
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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$11,948
Tax year 2022
Assessed value
$421,300
Assessed 2023
Previous assessed
$421,300
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$177,000
Assessed improvement
$244,300
Land market value
$177,000
Improvement market value
$244,300
Total market value
$421,300
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
2,176 SF
Lot
1.05 ac (45,738 SF)
Zoning code
HC
APN
13 00008-0000-00022
UPID
US59-1803471
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Lafayette, NJZoning HC · permitted uses
HC · Lafayette, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
HC HIGHWAY COMMERCIAL DISTRICT. § 13-12.1 Principal Uses and Buildings Permitted. [ Ord. No. 2012-06 § 13-12.1] Principal uses permitted in the VC Zone. Retail sales establishments, retail sales establishments neighborhood, retail sales convenience or retail service establishments provided that: Any goods or products fabricated or processed incidental to such use shall be sold at retail on the premises. Such fabricating or processing shall be confined within the building and no supplies, materials or goods used in such fabrication shall be stored outdoors. Restaurants. Restaurants, fast food. Mortuary or funeral homes. Theaters, auditoriums and other places of public assemblage. Sports and health centers. Public open space. Motor vehicle service station
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
245.91 ac
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Galvao Brothers LLC
Entity
Mailing address
220 SPG ST, NEWTON, NJ 07860-2012
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2006
$800,000
Galvao Brothers LLC
Grns LLC
Grant Deed
$500,000 · Sussex Bank
Apr 29, 2005
$600,000
Grns LLC
Donofrio,anthony & Evelyn
Grant Deed
$545,000 · Sussex Bank
Jan 4, 2005
$23,500
Anthony Donofrio JR.
Donofrio,jacqueline
Grant Deed
related
—
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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