Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial real estate
605 Tremont Ave Orange, NJ 07050-1207
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2902805
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1901
Construction
FRAME
Total area
2,816 SF
Lot
0.07 ac (3,223 SF)
APN
17 06102-0000-00026
UPID
US59-2902805
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
$520k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$520k
Owner & transaction history
605 Tremont LLC · 2 yrs held
605 Tremont LLC
since 2024
Last sale
$520,000
7 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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Jun 28 2024)
Last sale anchor
$520k
Jun 28 2024
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
$185 / 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
$8,138
Tax year 2022
Assessed value
$234,800
Assessed 2023
Previous assessed
$234,800
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$100,000
Assessed improvement
$134,800
Land market value
$100,000
Improvement market value
$134,800
Total market value
$234,800
Applied tax rate
17.0000
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
1901
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,816 SF
Lot
0.07 ac (3,223 SF)
APN
17 06102-0000-00026
UPID
US59-2902805
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
Building & site characteristics
From public records
Year built
1901
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
605 Tremont LLC
Entity
Mailing address
219 NEW RDB, PARSIPPANY, NJ 07054-4267
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$520,000
605 Tremont LLC
Tremont Valley LLC
Deed
$377,000 · Collins Funding LLC
Apr 26, 2023
—
Tremont Valley LLC
Griffin Funding LLC
Deed
$369,687 · Spectra Velocity Fund I LP
Jul 13, 2020
$10,000
Griffin Funding LLC
605 Tremont Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Jun 9, 2016
$200,939
605 Tremont Holdings LLC
Us Bank NA
Bargain And Sale Deed
$318,750 · Griffin Funding LLC
Jul 6, 2015
—
Just Andersons Const LLC
Colavito,christopher
Grant Deed
related
—
May 28, 2015
—
Us Bank NA
Sheriff Of Essex County
Trustees Deed
related
—
Jul 13, 2005
$100
Christopher Colavito
Colavito,gaetano
Grant Deed
related
—
—
—
Christopher Colavito
—
Deed Of Trust
related
$262,500 · Wmc 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 605 Tremont Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
