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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Commercial real estate
719 Main St Boonton, NJ 07005-1447
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0802954
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Construction
BRICK
Total area
8,126 SF
Lot
0.13 ac (5,850 SF)
Zoning code
B-1
APN
01 00011-0000-00005
UPID
US59-0802954
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
$1.10M
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.10M
Owner & transaction history
Mj Sports Properties LLC · 2 yrs held
Mj Sports Properties LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
B-1 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+7.4%
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 Boonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonton 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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,585,000
Current use
OFFICE BUILDING
$1,700,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,455,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Feb 2 2024)
Last sale anchor
$1.10M
Feb 2 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
$135 / 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
$24,937
Tax year 2022
Assessed value
$783,200
Assessed 2023
Previous assessed
$783,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$368,900
Assessed improvement
$414,300
Land market value
$368,900
Improvement market value
$414,300
Total market value
$783,200
Applied tax rate
1.0000
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
1945
Construction
BRICK
Heating
NONE
Stories
1
Total area
8,126 SF
Lot
0.13 ac (5,850 SF)
Zoning code
B-1
APN
01 00011-0000-00005
UPID
US59-0802954
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Boonton, NJ
Zoning B-1 · permitted uses
B-1 · Boonton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boonton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (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
1945
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mj Sports Properties LLC
Entity
Mailing address
2 BOULDER CT, BOONTON, NJ 07005-1949
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$1,100,000
Mj Sports Properties LLC
U S Bank National Association
Special Warranty Deed
—
Oct 24, 2023
—
U S Bank National Association
Eagle Martial Arts INC
Deed In Lieu Of Foreclosure
related
—
Dec 20, 2021
—
Eagle Martial Arts INC
Jan Barat
Deed
—
Sep 27, 2021
—
Eagle Martial Arts INC
—
Deed
related
$875,000 · Lnb Commercial Capital LLC
Dec 27, 2019
—
Jan Barat
—
Deed
related
$450,000 · Finance Of America Mortgage LLC
May 10, 2017
—
Joan Olivieri
—
Deed
related
$44,000 · Kearny Bk
Mar 10, 2010
$850,000
Barat Jan
719 Main Street LLC
Grant Deed
$20,000 · Educational Fndg Co
Sep 16, 1998
$351,500
Peter W Brown
Main,douglas
Grant Deed
$350,000 · Seller
Feb 6, 1997
$262,500
Douglas Main
Spender,stephen
Grant Deed
$190,000 · Seller
Jan 29, 1993
$150,000
S-spender D Truste Spender
Unknown
Grant Deed
—
—
—
Barat Jan
—
Deed Of Trust
related
$400,000 · Vinh Dang
—
—
Joan Olivieri
—
Deed Of Trust
related
$44,000 · Kearny Bk
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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