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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial real estate
71 Maple Ave Ridgewood, NJ 07450-4509
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2944814
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
2,281 SF
Lot
0.23 ac (10,106 SF)
Zoning code
P
APN
51 04007-0000-00034
UPID
US59-2944814
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
-
Center for Asthma & Allergy Medical Clinic
-
Fawzi Suliaman Physician Medical Clinic
-
Dr. Aliona Rudys, MD Physician
-
Farber & Company CPA's PC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$860k
Owner & transaction history
Farcon Enterprises INC · 4 yrs held
Farcon Enterprises INC
since 2022
Last sale
$860,000
6 recorded transactions
Zoning & alternative use
P · Ridgewood, 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 Ridgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgewood 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
$965,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$670,000
Current use
OFFICE BUILDING
$550,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $860k (Jun 27 2022)
Last sale anchor
$860k
Jun 27 2022
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
$377 / 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
$16,387
Tax year 2022
Assessed value
$604,600
Assessed 2023
Previous assessed
$604,600
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$394,300
Assessed improvement
$210,300
Land market value
$394,300
Improvement market value
$210,300
Total market value
$604,600
Applied tax rate
51.0000
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,281 SF
Lot
0.23 ac (10,106 SF)
Zoning code
P
APN
51 04007-0000-00034
UPID
US59-2944814
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
P · Ridgewood, NJ
Zoning P · permitted uses
P · Ridgewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$550,000
COMMERCIAL (GENERAL) Current
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Farcon Enterprises INC
Entity
Mailing address
71 S MAPLE AVE, RIDGEWOOD, NJ 07450-4509
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
—
Farcon Enterprises INC
—
Deed
related
$356,000 · Trenton Business Assistance Corproation
Jun 27, 2022
$860,000
Farcon Enterprises INC
Parikh Real Estate Holdings LLC
Deed
$344,000 · Jpmorgan Chase Bank NA
Mar 3, 2017
—
Parikh Real Estate Holdings LLC
—
Deed
related
$5,000,000 · Wells Fargo Bank NA
Jan 22, 2008
$970,000
Parikh Real Estate Holdings Ll
Bentolila LLC
Grant Deed
related
—
Jan 5, 2006
$926,000
Bentolila LLC
Greenway Builders LLC
Deed
—
—
—
Reawl Estate Holdings L Parikh
—
Deed Of Trust
related
$776,000 · Wachovia Bank NA
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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