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Property profile & analytics
FOR LEASE
Commercial real estate
80 Livingston Ave Roseland, NJ 07068
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-2173548
For Lease
1 / 2
$32,190,000
80 Livingston Ave, Roseland, NJ 07068
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Lot
101.44 ac (4,418,726 SF)
Zoning code
OB-1
APN
18 00034-0000-00001- 01
UPID
US59-2173548
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
-
Prudential Group Insurance Insurance Agency
-
Prudential Insurance: Lamartine Lucy Insurance Agency
-
Prudential Financial: Michael Goldstein Financial Advisor
-
Prudential Insurance: Gelman Adam Insurance Agency
-
Prudential Insurance: Dwyer Terence Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.19M
Owner & transaction history
Prudential Drive Investors LLC · 4 yrs held
Prudential Drive Investors LLC
since 2021
Last sale
$29.6M
1 recorded transaction
Zoning & alternative use
OB-1 · Roseland, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In the OB-1, OB-2, OB-3 and RM zones, rooftop appurtenances, such as HVAC systems or elevator towers, may exceed the allowed height by no more than ten (10) feet if such structures do not cover more than twenty-five (25%) percent of the roof area, are not intended for human habitation and are screened in a manner consistent architecturally with the proposed…
Zone name
Office Business District
General category
COMMERCIAL
Zone area
191.26 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 Roseland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseland 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
$37,295,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$32.19M
Range $28.97M – $35.41M · ±10% · vs last sale $29.64M (Oct 20 2021)
Last sale anchor
$29.64M
Oct 20 2021
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
$1,566,794
Tax year 2022
Assessed value
$67,100,400
Assessed 2023
Previous assessed
$67,100,400
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$28,993,900
Assessed improvement
$38,106,500
Land market value
$28,993,900
Improvement market value
$38,106,500
Total market value
$67,100,400
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
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
For Lease
Year built
1991
Heating
NONE
Units
1
Lot
101.44 ac (4,418,726 SF)
Zoning code
OB-1
APN
18 00034-0000-00001- 01
UPID
US59-2173548
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OB-1 · Roseland, NJZoning OB-1 · permitted uses
OB-1 · Roseland, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In the OB-1, OB-2, OB-3 and RM zones, rooftop appurtenances, such as HVAC systems or elevator towers, may exceed the allowed height by no more than ten (10) feet if such structures do not cover more than twenty-five (25%) percent of the roof area, are not intended for human habitation and are screened in a manner consistent architecturally with the proposed building.
Zone name
Office Business District
General category
COMMERCIAL
Zone area
191.26 ac
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Units
1
Lot
101.44 ac
Current owner
From public records · entity-resolved
Prudential Drive Investors LLC
Entity
Free & Clear · 4 yrs held
Mailing address
90 WOODBRIDGE CTR DR, WOODBRIDGE, NJ 07095-1163
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$29,639,525
Prudential Drive Investors LLC
Prudential Insurance Company Of Ame
Deed
—
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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