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Property profile & analytics
FOR LEASE
Commercial real estate
80 Passaic Ave Florham Park, NJ 07932
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1411639
For Lease
1 / 20
$12,000,000
80 Passaic Ave, Florham Park, NJ 07932
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
CONCRETE BLOCKS
Lot
11.36 ac (494,842 SF)
Zoning code
C-1
APN
11 04202-0000-00003
UPID
US59-1411639
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Pioneer Rentals Inc (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Nueva era Parking Lot & Garage
-
Peterscape Land Clearing & Recycling, Inc Agricultural Supply Garden Center
-
J Hidalgo Landscaping and Construction Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
Nj 80 Passaic Ave LLC · 1 yrs held
Nj 80 Passaic Ave LLC
since 2025
Last sale
$12.0M
2 recorded transactions
Zoning & alternative use
C-1 · Florham Park, 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 Florham Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florham Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$30,406
Tax year 2022
Assessed value
$1,886,200
Assessed 2023
Previous assessed
$1,886,200
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,636,000
Assessed improvement
$250,200
Land market value
$1,636,000
Improvement market value
$250,200
Total market value
$1,886,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
11.36 ac (494,842 SF)
Zoning code
C-1
APN
11 04202-0000-00003
UPID
US59-1411639
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Florham Park, NJ
Zoning C-1 · permitted uses
C-1 · Florham Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florham Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
11.36 ac
Current owner
From public records · entity-resolved
Nj 80 Passaic Ave LLC
Entity
Mailing address
15 LISA DR, WRENTHAM, MA 02093-1157
Ownership since
2025
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
May 6, 2025
$12,000,000
Nj 80 Passaic Ave LLC
Jacobus Family Realty LLC
Deed
$11,000,000 · Genesis Management Partners LLC
Mar 1, 1999
—
Jacobus Family Realty LLC
Jacobus,robert R
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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