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Property profile & analytics
OFF-MARKET
Estimated value
$375,000
Commercial real estate
841 Franklin Ave Franklin Lakes, NJ 07417-1418
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-2112183
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Lot
2.25 ac (98,010 SF)
Zoning code
LB1
APN
20 01514-0000-00004
UPID
US59-2112183
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
-
Dr. Joshua Weidman Physician
-
TruYou Dental - Franklin Lakes Dental Office
-
Vic Tafro Jr - State Farm Insurance Agent Insurance Agency
-
Stephanie Kintzing Physician
-
Hon Catherine DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$375k
Owner & transaction history
Boro Of Franklin Lakes · 19 yrs held
Boro Of Franklin Lakes
since 2007
7 recorded transactions
Zoning & alternative use
LB1 · Franklin Lakes, 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 Franklin Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Lakes 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
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$375k
Range $338k – $413k · ±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
—
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
$45,522
Tax year 2022
Assessed value
$2,700,000
Assessed 2023
Previous assessed
$2,700,000
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$675,000
Assessed improvement
$2,025,000
Land market value
$675,000
Improvement market value
$2,025,000
Total market value
$2,700,000
Applied tax rate
20.0000
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
Off-Market
Construction
FRAME
Heating
NONE
Stories
2
Lot
2.25 ac (98,010 SF)
Zoning code
LB1
APN
20 01514-0000-00004
UPID
US59-2112183
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LB1 · Franklin Lakes, NJZoning LB1 · permitted uses
LB1 · Franklin Lakes, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Lot
2.25 ac
Current owner
From public records · entity-resolved
Boro Of Franklin Lakes
Individual
Mailing address
339 INDIAN TRL DR, FRANKLIN LAKES, NJ 07417-1016
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2008
—
L & L Properties Group LLC
—
Deed Of Trust
related
$2,750,000 · Columbia Bank
Apr 13, 2007
—
Boro Of Franklin Lakes
L & L Builders & Develop Corp
Grant Deed
—
Mar 15, 2007
$10
L & L Properties Group LLC
L & L Builders & Development C
Quit Claim Deed
related
—
Feb 2, 2007
$1,366,000
L Builders
Abbcas Associates LLC
Grant Deed
—
Nov 30, 2006
$100
Abbcas Associates LLC
County Of Bergen
Grant Deed
related
—
Mar 31, 2006
$100
County Of Bergen
Abbcas Associates LLC
Grant Deed
related
—
Feb 27, 2004
$610,000
Abbcas Associates LLC
Schifftner,john H
Grant Deed
$1,162,500 · Atlantic Stewardship Bank
—
—
L & L Properties Group LLC
—
Deed Of Trust
related
$2,600,000 · Kearny Fsb
—
—
L & L Properties Group LLC
—
Deed Of Trust
related
$1,000,000 · Lakeland 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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