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Property profile & analytics
OFF-MARKET
Residential income homes
60 Orlando Dr Raritan, NJ 08869
Entity Owned
10-yr Hold
Property ID
US59-1319489
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Lot
10.31 ac (449,104 SF)
Zoning code
PDRD
APN
16 00116-0000-00012
UPID
US59-1319489
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
Cl River Park LP · 10 yrs held
Cl River Park LP
since 2016
4 recorded transactions
Zoning & alternative use
PDRD · Raritan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IRD-1 Inclusionary Residential Overlay District. § 207-111 IRD-2 Inclusionary Residential District. § 207-111.1 IRD-4 Inclusionary Residential District. § 207-112 PACD Planned Adult Community Overlay District. § 207-113 PDRD Planned Downtown Residential Development District. § 207-114 B-1 Central Business District. § 207-115 B-2 Shopping Center District. § 2…
Zone name
Planned Downtown Residential Development
General category
INDUSTRIAL
Zone area
11.20 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 Raritan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raritan 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
$1,402,268
Tax year 2022
Assessed value
$46,500,000
Assessed 2023
Previous assessed
$46,500,000
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$908,300
Assessed improvement
$45,591,700
Land market value
$908,300
Improvement market value
$45,591,700
Total market value
$46,500,000
Applied tax rate
16.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Heating
NONE
Stories
2
Units
1
Lot
10.31 ac (449,104 SF)
Zoning code
PDRD
APN
16 00116-0000-00012
UPID
US59-1319489
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
PDRD · Raritan, NJZoning PDRD · permitted uses
PDRD · Raritan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IRD-1 Inclusionary Residential Overlay District. § 207-111 IRD-2 Inclusionary Residential District. § 207-111.1 IRD-4 Inclusionary Residential District. § 207-112 PACD Planned Adult Community Overlay District. § 207-113 PDRD Planned Downtown Residential Development District. § 207-114 B-1 Central Business District. § 207-115 B-2 Shopping Center District. § 207-116 B-3 Highway Business District. § 207-117 B-4 Neighborhood Business District.
Zone name
Planned Downtown Residential Development
General category
INDUSTRIAL
Zone area
11.20 ac
Building & site characteristics
From public records
Heating
NONE
Stories
2
Units
1
Lot
10.31 ac
Current owner
From public records · entity-resolved
Cl River Park LP
Entity
Mailing address
60 ORLANDO DR, RARITAN, NJ 08869
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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 1, 2016
$56,000,000
Cl River Park LP
Raritan Town Center LLC
Grant Deed
$42,500,000 · Private Individual
Jul 16, 2007
—
Raritan Town Center LLC
—
Deed Of Trust
related
$5,464,853 · Wachovia Bank NA
May 4, 2004
$1,799,999
Raritan Town Center II LLC
Middlesex Plastics INC
Grant Deed
$3,300,000 · Wachovia Bank NA
—
—
Raritan Town Center LLC
—
Deed Of Trust
related
$43,500 · Wachovia Bank NA
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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