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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Banks
66 Beverwyck Rd, Lake Hiawatha, NJ 07034-2606
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0151703
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1965
Construction
BRICK
Total area
3,864 SF
Lot
0.28 ac (11,979 SF)
Zoning code
B-5
APN
29 00531-0000-00001
UPID
US59-0151703
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
-
Blue Foundry Bank ATM Atm
-
Unity Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Unity Bancorp INC · 3 yrs held
Unity Bancorp INC
since 2023
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
B-5 · Lake Hiawatha, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$675,000
+9.6%
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 Lake Hiawatha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Hiawatha 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
$1,200,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$675,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $950k (Apr 24 2023)
Last sale anchor
$950k
Apr 24 2023
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
$272 / 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
$14,213
Tax year 2022
Assessed value
$430,700
Assessed 2023
Previous assessed
$430,700
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$330,000
Assessed improvement
$100,700
Land market value
$330,000
Improvement market value
$100,700
Total market value
$430,700
Applied tax rate
29.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
NONE
Stories
2
Total area
3,864 SF
Lot
0.28 ac (11,979 SF)
Zoning code
B-5
APN
29 00531-0000-00001
UPID
US59-0151703
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-5 · Lake Hiawatha, NJ
Zoning B-5 · permitted uses
B-5 · Lake Hiawatha, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Hiawatha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$675,000
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
1965
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Unity Bancorp INC
Entity
Free & Clear · 3 yrs held
Mailing address
64 OLD HWY 22, CLINTON, NJ 08809-1305
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
$950,000
Unity Bancorp INC
Blue Foundry Bank
Deed
—
Jul 2, 2012
$955,000
Boiling Sprgs Svgs Bk
First States Invtrs 3642 LLC
Grant Deed
—
Mar 5, 2012
—
First States Invtrs 3108 Ll
—
Deed Of Trust
related
$250,000,000 · Goldman Sachs Mortgage Co
Jan 5, 2007
$700,000
First State Investors 3642 LLC
Wachovia Bk NA
Grant Deed
—
Jul 26, 1991
$393,750
First Fidelity Bank Nat'l Assoc
Unknown
Grant Deed
related
—
—
—
44 N Beverwyck Rd LLC
—
Deed Of Trust
related
$50,000 · Interchange 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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