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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Commercial real estate
8 Cold Hl Rd Mendham, NJ 07945-2024
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0082847
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Construction
FRAME
Lot
3.75 ac (163,350 SF)
Zoning code
EB
APN
18 00801-0000-00011
UPID
US59-0082847
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
-
Maplecrest Automotive Service formerly Moro Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Theodore Realty LLC · 3 yrs held
Theodore Realty LLC
since 2023
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
EB · Mendham, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dable housing requirements. § 215-67 Parking standards. § 215-68 Buffer requirements. § 215-69 Landscaping requirements. § 215-70 Other requirements remain in effect. Article XIX East Business Zone - Affordable Housing (EB-AH ZONE) § 215-71 Purpose. § 215-72 Location. § 215-73 Uses permitted. § 215-74 Development standards. Article XX Outdoor Dining and Outd…
Zone name
East Business
General category
COMMERCIAL
Zone area
25.56 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 Mendham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendham 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
$1,665,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.45M (Jul 10 2023)
Last sale anchor
$1.45M
Jul 10 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
—
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
$31,593
Tax year 2022
Assessed value
$1,325,200
Assessed 2023
Previous assessed
$1,325,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,057,500
Assessed improvement
$267,700
Land market value
$1,057,500
Improvement market value
$267,700
Total market value
$1,325,200
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1982
Construction
FRAME
Heating
NONE
Stories
2
Lot
3.75 ac (163,350 SF)
Zoning code
EB
APN
18 00801-0000-00011
UPID
US59-0082847
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
EB · Mendham, NJZoning EB · permitted uses
EB · Mendham, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dable housing requirements. § 215-67 Parking standards. § 215-68 Buffer requirements. § 215-69 Landscaping requirements. § 215-70 Other requirements remain in effect. Article XIX East Business Zone - Affordable Housing (EB-AH ZONE) § 215-71 Purpose. § 215-72 Location. § 215-73 Uses permitted. § 215-74 Development standards. Article XX Outdoor Dining and Outdoor Seating § 215-75 Definitions. § 215-76 Permit required. § 215-77 Application.
Zone name
East Business
General category
COMMERCIAL
Zone area
25.56 ac
Building & site characteristics
From public records
Year built
1982
Construction
FRAME
Heating
NONE
Stories
2
Lot
3.75 ac
Current owner
From public records · entity-resolved
Theodore Realty LLC
Entity
Mailing address
102 E MAIN ST, MENDHAM, NJ 07945-1510
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
$1,450,000
Theodore Realty LLC
Dennis Moro
Deed
$1,000,000 · Dennis Moro Etux
—
—
Dennis Moro
—
Deed Of Trust
related
$405,000 · Peapack Gladstone 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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