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Property profile & analytics
OFF-MARKET
Estimated value
$19,085,000
Office buildings
7 Glenwood Ave East Orange, NJ 07017-1055
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1217525
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
83,616 SF
Lot
3.04 ac (132,480 SF)
APN
05 00804-0000-00002
UPID
US59-1217525
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
-
Property Management Nj Property Management Company
-
Simon Sarver Swetz & Jachts LLC Law Firm
-
Raymond and Raymond Law Firm Financial Advisor
-
Goldman & Beslow, LLC Law Firm Financial Advisor
-
Mark Goldman Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.00M
Comparable Approach
Comparable
$18.10M
Blend (final)
Blend
$19.09M
Owner & transaction history
7 Glenwood Associates LLC · 3 yrs held
7 Glenwood Associates LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.9M
+30.3%
Industrial (general)
$18.9M
+7.6%
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,745,000
6.5%
$20,995,000
7%
$19,495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,865,000
Change: +30% · Conversion: Easy
INDUSTRIAL (GENERAL)
$18,885,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,490,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$19.09M
Range $17.18M – $20.99M · ±10%
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
$228 / 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
$243,421
Tax year 2022
Assessed value
$8,376,500
Assessed 2023
Previous assessed
$8,376,500
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$1,442,700
Assessed improvement
$6,933,800
Land market value
$1,442,700
Improvement market value
$6,933,800
Total market value
$8,376,500
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
4
Units
1
Total area
83,616 SF
Lot
3.04 ac (132,480 SF)
APN
05 00804-0000-00002
UPID
US59-1217525
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.9M
INDUSTRIAL (GENERAL)
Est. value
$18.9M
COMMERCIAL (GENERAL)
Est. value
$14.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Stories
4
Units
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
7 Glenwood Associates LLC
Entity
Mailing address
PO BOX 297257, BROOKLYN, NY 11229-7257
Ownership since
2022
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 30, 2022
—
7 Glenwood Associates LLC
—
Deed
related
$9,700,000 · Oceanfirst Bank
Jan 22, 2010
—
7 Glenwood Associates LLC
—
Deed Of Trust
related
$1,000,000 · Joseph Lazenga
—
—
7 Glenwood Associates LLC
—
Deed Of Trust
related
$5,700,000 · Manufacturers Traders & Trust
—
—
7 Glenwood Associates LLC
—
Deed Of Trust
related
$1,700,000 · Joseph Lazenga
—
—
7 Glenwood Associates LLC
—
Deed Of Trust
related
$3,100,000 · 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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