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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
81 Evergreen Pl East Orange, NJ 07018-2109
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US59-0841755
Property summary
AI-generated overview
This exceptional commercial property, located at 81 Evergreen Place in East Orange, New Jersey, presents a unique investment opportunity. The property consists of a three-story office building totaling 2,580 square feet, featuring multiple offices on each floor. The building includes some recently installed windows and a renovated room, adding to its appeal. Ten parking spaces are conveniently located behind the building. Adding significant value, this sale also includes the adjacent vacant lot at 73 Evergreen Place, spanning 0.135 acres. This additional land offers versatile potential, whether used for expanded parking or the construction of an additional structure. However, prospective buyers should review the relevant Township ordinances before making any development plans. The property is being sold "as is," with the buyer responsible for obtaining a Certificate of Occupancy, a fire certificate, and the removal of any existing oil tank. The asking price for this combined property is $985,000. Convenient access is provided via Route 280 or Central Avenue to Evergreen Place. This property is zoned for commercial use.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
2,580 SF
Lot
0.14 ac (5,881 SF)
APN
05 00691-0000-00027
UPID
US59-0841755
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
-
Jennings John F Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$510k
Owner & transaction history
81 Evergreen Place LLC
81 Evergreen Place LLC
since 2026
3 recorded transactions
Zoning & alternative use
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Orange 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
$435,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$198 / 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
$8,982
Tax year 2022
Assessed value
$309,100
Assessed 2023
Previous assessed
$309,100
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$152,900
Assessed improvement
$156,200
Land market value
$152,900
Improvement market value
$156,200
Total market value
$309,100
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Heating
NONE
Units
1
Total area
2,580 SF
Lot
0.14 ac (5,881 SF)
APN
05 00691-0000-00027
UPID
US59-0841755
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
81 Evergreen Place LLC
Entity
Mailing address
99 LAFAYETTE MLS RD, MANALAPAN, NJ 07726-2829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
$650,000
81 Evergreen Place LLC
Dafalla Ahmed
Deed
$350,000 · Emigrant Funding Corporation
May 13, 2019
$400,000
Zahir Ahmed
Jennings,eleanor
Grant Deed
—
May 21, 2014
—
Eleanor Jennings
Jennings,eleanor
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.
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