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Property profile & analytics
OFF-MARKET
Estimated value
$6,295,000
Office buildings
55 Washington St East Orange, NJ 07017-1401
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3137369
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
56,494 SF
Lot
2.24 ac (97,443 SF)
APN
05 00673-0000-00003
UPID
US59-3137369
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
-
Hudson Invalid Coach LLC Travel Agency Tour Operator
-
United Business Links Tax Preparation
-
Azza Care Invalid Coach Trucking Company
-
Fageyinbo Michael CPA Accounting Firm Tax Preparation
-
Black Belt Security & Investigations, LLC Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$6.30M
Owner & transaction history
55 Washington Eo LLC · 5 yrs held
55 Washington Eo LLC
since 2021
Last sale
$4.0M
4 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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$6,640,000
ML approach
$6,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,790,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.30M
Range $5.67M – $6.92M · ±10% · vs last sale $4.00M (Apr 16 2025)
Last sale anchor
$4.00M
Apr 16 2025
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
$111 / 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
$110,445
Tax year 2022
Assessed value
$3,800,600
Assessed 2023
Previous assessed
$3,800,600
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$910,600
Assessed improvement
$2,890,000
Land market value
$910,600
Improvement market value
$2,890,000
Total market value
$3,800,600
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Heating
NONE
Stories
6
Units
1
Total area
56,494 SF
Lot
2.24 ac (97,443 SF)
APN
05 00673-0000-00003
UPID
US59-3137369
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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)
Est. value
$9.8M
COMMERCIAL (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
1971
Heating
NONE
Stories
6
Units
1
Lot
2.24 ac
Current owner
From public records · entity-resolved
55 Washington Eo LLC
Entity
Mailing address
1358 HOOPER AVE #306, TOMS RIVER, NJ 08753-2882
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
$4,000,000
55 Washington Eo LLC
55 Washington Holdings LLC
Deed
$17,075 · Accolend LLC
Mar 30, 2012
—
55 Washington Holdings LLC
Sherriff Of Essex County
Trustees Deed
related
—
May 4, 2004
$10
55 Washington Assocs LLC
55 Washington Assocs LLC
Grant Deed
related
—
—
—
55 Washington Associates LLC
—
Deed Of Trust
related
$1,615,418 · Intervest National 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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