Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 W Mount Pleasant Ave Livingston, NJ 07039

    • Commercial real estate
    • 0.91 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    $595,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1050186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hank Lane Music - New Jersey / Theater & Performing Art Venue / Music Venue
    • Lustbader & Lustbader / Law Firm / Insurance Agency
    • Spitz & Peck Floral Decorators / (Bike/Boat/Book/etc) Store / Florist
    • Magda Designs Beauty / Cosmetic Store
    • Schneider Myrna PHD / Physician / Medical Clinic

    Property Details for 615 W Mount Pleasant Ave

    Lot size
    0.91 lot acres
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    10 06001-0000-00010
    APU
    1006001000000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Livingston
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3558
    Latitude
    40.798
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,421
    $1,235,000
    $920,100
    $2,155,100
    -
    $1,235,000
    $920,100
    $2,155,100

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      397 Mt Pleasant Ave

      COMMERCIAL (GENERAL) • 0.46 Acres
      397 Mt Pleasant Ave, Livingston, NJ 07039-2730
      View Details
    • Value Estimation by Request
      0.20 Acres

      2 Northfield Rd

      COMMERCIAL (GENERAL) • 0.20 Acres
      2 Northfield Rd, Livingston, NJ 07039-4530
      View Details
    • Value Estimation
      $560,000
      0.58 Acres

      16 Northfield Rd

      COMMERCIAL (GENERAL) • 0.58 Acres
      16 Northfield Rd, Livingston, NJ 07039-4502
      View Details
    • Value Estimation
      $805,000
      9.20 Acres

      70 Orange Ave

      COMMERCIAL (GENERAL) • 9.20 Acres
      70 Orange Ave, Livingston, NJ 07039-4910
      View Details
    • Value Estimation by Request
      0.50 Acres

      Orange Ave

      COMMERCIAL (GENERAL) • 0.50 Acres
      Orange Ave, Livingston, NJ 07039
      View Details
    • Value Estimation
      $750,000
      0.50 Acres

      101 Old Short Hills Rd, Unit 415B

      COMMERCIAL (GENERAL) • 0.50 Acres
      101 Old Short Hills Rd, Livingston, NJ 07039
      View Details

    Similar Nearby for Sale

    • $1,599,000

      Freestanding Office Building For Sale

      Well-maintained office building suitable for medical, dental, legal, or wellness.
      299 Northfield Rd, Livingston, NJ 07039
      View Details
    • $724,999

      Ranch Property for Sale

      Ranch and agricultural property available for purchase.
      6 Arrow Dr, Livingston, NJ 07039
      View Details
    • $825,000

      Main Street Commercial Building For Sale

      B-1 zoned commercial building with high foot traffic.
      495 S Livingston Ave, Livingston, NJ 07039
      View Details
    • $2,540,000
      1.40 Acres

      Livingston Church - Prime Location

      Historic Church Complex, 1.4 Acres
      6 Mount Pleasant Ave, Livingston, NJ 07039
      View Details
    • $1,599,000
      3,150 SF

      Freestanding Office Building For Sale

      Well-maintained 3,150 SF office building in Livingston's commercial corridor.
      299 E Northfield Rd, Livingston, NJ 07039
      View Details
    • $899,000

      Livingston Land For Sale

      Commercial land available in Livingston, New Jersey.
      11 Ambrosia Ct, Livingston, NJ 07039
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Prime Livingston Retail Space

      6,000 SF Free-Standing Retail Building
      455 New Jersey 10, Livingston, NJ 07039
      View Details
    • Contact for pricing
      160,000 SF

      Regent Park Executive Suites

      Prime Essex County Office Space
      5 Regent St, Livingston, NJ 07039
      View Details
    • $21 SF/Yr
      1,150 SF

      Livingston Office Space For Lease

      Office space available for lease in Livingston, New Jersey.
      615 W Mount Pleasant Ave, Livingston, NJ 07039
      View Details
    • Contact for pricing
      2,710 SF

      Modern Flex Space Available

      2710 SF flex space with offices and loading area.
      104 Dorsa Ave, Livingston, NJ 07039
      View Details
    • Contact for pricing
      1,400 SF

      Livingston Retail Space For Lease

      Retail space available for lease in Livingston, New Jersey.
      113 S Livingston Ave, Livingston, NJ 07039
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Short Hills

      Retail space with high traffic and parking near Route 10.
      9 W Northfield Rd, Livingston, NJ 07039
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 W Mount Pleasant Ave
    Livingston, NJ 07039
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.