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Property profile & analytics
OFF-MARKET
Estimated value
$8,590,000
Parking lots & garages
735 Irvington Ave Maplewood, NJ 07040
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1429488
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Construction
FRAME
Lot
0.1 ac (4,199 SF)
Zoning code
NB
APN
11 00042- 03-00016- 01
UPID
US59-1429488
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
$9.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.59M
Owner & transaction history
Rao Maplewood Avenue LLC · 5 yrs held
Rao Maplewood Avenue LLC
since 2020
Last sale
$6.3M
4 recorded transactions
Zoning & alternative use
NB · Maplewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Neighborhood Business NB; Retail Business RB and Highway Business HB Districts. (1) Permitted principal uses. (a) Retail businesses, not including thrift shops, pawnshops and check-cashing establishments. (b) Convenience store with a fueling station in the HB District. (c) Financial institutions. (d) Restaurants, but not including fast-food restaurants. (e)…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
12.55 ac
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
$9,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.59M
Range $7.73M – $9.45M · ±10% · vs last sale $6.25M (Oct 6 2020)
Last sale anchor
$6.25M
Oct 6 2020
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
—
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
$4,453
Tax year 2022
Assessed value
$126,300
Assessed 2023
Previous assessed
$126,300
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$117,200
Assessed improvement
$9,100
Land market value
$117,200
Improvement market value
$9,100
Total market value
$126,300
Applied tax rate
11.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.1 ac (4,199 SF)
Zoning code
NB
APN
11 00042- 03-00016- 01
UPID
US59-1429488
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
NB · Maplewood, NJZoning NB · permitted uses
NB · Maplewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Neighborhood Business NB; Retail Business RB and Highway Business HB Districts. (1) Permitted principal uses. (a) Retail businesses, not including thrift shops, pawnshops and check-cashing establishments. (b) Convenience store with a fueling station in the HB District. (c) Financial institutions. (d) Restaurants, but not including fast-food restaurants. (e) Dwelling units over stores. (f) Offices, but not on the street level or lower in the RB District. (g) Multiple dwellings in the NB District. (h) Law enforcement facilities in the HB District. (i) Alternative treatment centers in the HB District. (2) Accessory uses. Garages, off-street parking lots (except in the RB District), sheds, fences not over six feet in height in side or rear yards only, radio antennas, receiving dish antennas, solar collectors and other uses customarily associated with the permitted uses, provided that such accessory uses are subordinate to the principal use and serve only the principal use. (3) Conditional uses. (See § 271-10B) . (a)
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
12.55 ac
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Rao Maplewood Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
452 FAYETTE ST, PERTH AMBOY, NJ 08861-3805
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
—
Rao Maplewood Avenue LLC
—
Deed
related
$1,550,000 · Rafael Mendez
Mar 14, 2024
—
Rao Maplewood Avenue LLC
—
Deed
related
$1,550,000 · Rafael Mcndez
Oct 6, 2020
$6,250,000
Rao Maplewood Avenue LLC
719 Irvington Realty Corp
Grant Deed
—
Dec 12, 1995
$1,450,000
719 Irvington Realty Corp
Village Super Market INC
Grant Deed
related
$970,000 · Hudson United 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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