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Property profile & analytics
OFF-MARKET
Commercial real estate
550 Mtn Ave Gillette, NJ 07933-2026
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-1709746
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.48 ac (20,865 SF)
Zoning code
B120
APN
30 10701-0000-00007
UPID
US59-1709746
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
-
Diversified Capital Credit Corporation Bank Credit Union
-
Renew Salon & Spa Hair Salon
-
Murray Hill International Inc Travel Agency
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
Mtr Properties LLC · 11 yrs held
Mtr Properties LLC
since 2014
5 recorded transactions
Zoning & alternative use
B120 · Gillette, 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 Gillette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gillette 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
$16,059
Tax year 2022
Assessed value
$727,600
Assessed 2023
Previous assessed
$708,400
+2.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$239,500
Assessed improvement
$488,100
Land market value
$239,500
Improvement market value
$488,100
Total market value
$727,600
Applied tax rate
30.0000
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
Heating
NONE
Lot
0.48 ac (20,865 SF)
Zoning code
B120
APN
30 10701-0000-00007
UPID
US59-1709746
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B120 · Gillette, NJ
Zoning B120 · permitted uses
B120 · Gillette, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gillette. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mtr Properties LLC
Entity
Mailing address
550 MTN AVE, GILLETTE, NJ 07933-2026
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2016
—
Mtr Props LLC
—
Deed
related
$700,000 · Robert Massulli
Dec 19, 2014
—
Mtr Properties LLC
Massulli,robert
Grant Deed
—
Dec 19, 2005
—
Robert Massulli
—
Trustees Deed
related
$240,000 · Union Center National Bank
May 1, 1991
$615,000
Robert Massulli
Unknown
Grant Deed
—
—
—
Mtr Props LLC
—
Deed Of Trust
related
$700,000 · Robert Massulli
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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