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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Commercial real estate
598 Lafayette Ave Hawthorne, NJ 07506-2447
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1343007
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Construction
METAL FRAME
Total area
2,926 SF
Zoning code
B-1
APN
04 00161-0000-00031
UPID
US59-1343007
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
$375k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$575k
Owner & transaction history
598 Lafayette Avenue LLC · 4 yrs held
598 Lafayette Avenue LLC
since 2022
3 recorded transactions
Zoning & alternative use
B-1 · Hawthorne, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-1 Neighborhood Commercial Zone. [Amended 3-5-2025 by Ord. No. 2361-25 ] The following regulations shall apply in the B-1 Zone: A. Permitted uses. In districts zoned B-1 Neighborhood Commercial, no building shall be used and no building shall be erected or altered which is arranged, intended or designed to be used except for local retail or personal service…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
86.21 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 Hawthorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawthorne 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$640,000
Current use
OFFICE BUILDING
$540,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$197 / 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
$19,278
Tax year 2022
Assessed value
$653,500
Assessed 2023
Previous assessed
$653,500
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$161,500
Assessed improvement
$492,000
Land market value
$161,500
Improvement market value
$492,000
Total market value
$653,500
Applied tax rate
4.0000
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
1995
Construction
METAL FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,926 SF
Zoning code
B-1
APN
04 00161-0000-00031
UPID
US59-1343007
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Hawthorne, NJZoning B-1 · permitted uses
B-1 · Hawthorne, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-1 Neighborhood Commercial Zone. [Amended 3-5-2025 by Ord. No. 2361-25 ] The following regulations shall apply in the B-1 Zone: A. Permitted uses. In districts zoned B-1 Neighborhood Commercial, no building shall be used and no building shall be erected or altered which is arranged, intended or designed to be used except for local retail or personal service business establishments such as or similar to: (1) Barbershops and beauty parlors. (2) Groceries and foodstuffs. (3) Drugs and pharmaceuticals. (4) Confectionery, newspaper, stationery, and tobacco. (5) Hardware and paints. (6) Laundry and dry-cleaning collection, but not processing. (7) Radio, television and small appliance sales. (8) Bakeries. (9) Bank and financial institution branch offices. (10) Professional and business offices. (11) Restaurants including restaurants with outdoor dining subject to § 540-165 . (12)
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
86.21 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$640,000
OFFICE BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1995
Construction
METAL FRAME
Heating
NONE
Stories
2
Units
1
Current owner
From public records · entity-resolved
598 Lafayette Avenue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 WATCHUNG DR, HAWTHORNE, NJ 07506-2820
Ownership since
2022
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
Mar 25, 2022
—
598 Lafayette Avenue LLC
Margo L Lane
Deed
—
—
—
John V Lane
—
Deed Of Trust
related
$390,000 · Wawel Savings Bank
—
—
John V Lane
—
Deed Of Trust
related
$400,000 · Atlantic Stewardship 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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