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Property profile & analytics
OFF-MARKET
Commercial real estate
600 Park Ave 28 Plainfield, NJ 07060-1646
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1226679
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
CONCRETE BLOCKS
Lot
3.45 ac (150,147 SF)
Zoning code
CBD
APN
12 00712-0000-00001
UPID
US59-1226679
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
-
Family Dollar (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Soapy's Laundromat (Bike/Boat/Book/etc) Store
-
Twin City Supermarket - Plainfield, NJ Grocery & Convenience Store Food Market
-
Ferraro's Pizza Restaurant
-
Family Dollar Pet Supplies (Bike/Boat/Book/etc) Store Pet Store
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
Moorehouse Seventh Street LP · 25 yrs held
Moorehouse Seventh Street LP
since 2000
5 recorded transactions
Zoning & alternative use
CBD · Plainfield, 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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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
$139,280
Tax year 2022
Assessed value
$1,600,000
Assessed 2023
Previous assessed
$1,600,000
+0.0% YoY
Effective rate
8.71%
On assessed value
Assessed land
$1,400,000
Assessed improvement
$200,000
Land market value
$1,400,000
Improvement market value
$200,000
Total market value
$1,600,000
Applied tax rate
12.0000
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
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
3.45 ac (150,147 SF)
Zoning code
CBD
APN
12 00712-0000-00001
UPID
US59-1226679
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Plainfield, NJ
Zoning CBD · permitted uses
CBD · Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Moorehouse Seventh Street LP
Entity
Mailing address
33 DIVISION ST, SOMERVILLE, NJ 08876-2901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
Nov 7, 2019
—
Moorehouse Seventh Street LP
—
Deed
related
$3,000,000 · Unity Bank
Mar 3, 2010
—
Perez Realty LLC
—
Trustees Deed
related
$2,424,112 · Alfonso & Myrna Perez
Nov 29, 2000
—
Moorehouse Seventh Street LP
Moorehouse Seventh Street Part
Quit Claim Deed
related
$1,400,000 · Independence Community Bank
—
—
Moorehouse Seventh Street LP
—
Deed Of Trust
related
$3,150,000 · Fulton Bank
—
—
Seventh Street Moorehouse
—
Deed Of Trust
related
$2,885,000 · Astoria Federal Mortgage Corp
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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