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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Commercial real estate
8707 Riv Rd North Bergen, NJ 07047-6256
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-3053348
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.05 ac (2,375 SF)
Zoning code
R1
APN
08 00440-0000-00004
UPID
US59-3053348
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
-
Meisei Motors Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
North Bergen Capital 8709 Propco Ll · 2 yrs held
North Bergen Capital 8709 Propco Ll
since 2023
Last sale
$999,000
6 recorded transactions
Zoning & alternative use
R1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To preserve the traditional scale and pattern of North Bergen's low-density neighborhoods and to otherwise reinforce the residential character of the district and to regulate those buildings and activities not compatible with district objectives as expressed in the Land Use Plan
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
627.96 ac
Source
Realmo
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 North Bergen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bergen 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
$1,230,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $999k (Oct 26 2023)
Last sale anchor
$999k
Oct 26 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
$1,912
Tax year 2022
Assessed value
$121,100
Assessed 2023
Previous assessed
$121,100
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$54,000
Assessed improvement
$67,100
Land market value
$54,000
Improvement market value
$67,100
Total market value
$121,100
Applied tax rate
8.0000
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
Heating
NONE
Units
1
Lot
0.05 ac (2,375 SF)
Zoning code
R1
APN
08 00440-0000-00004
UPID
US59-3053348
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · North Bergen, NJZoning R1 · permitted uses
R1 · North Bergen, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To preserve the traditional scale and pattern of North Bergen's low-density neighborhoods and to otherwise reinforce the residential character of the district and to regulate those buildings and activities not compatible with district objectives as expressed in the Land Use Plan
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
627.96 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
North Bergen Capital 8709 Propco Ll
Entity
Mailing address
1 HARMON PLZ #101, SECAUCUS, NJ 07094-2803
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
—
North Bergen Capital 8709 Propco Ll
North Bergen Capital 8709 LLC
Intrafamily Transfer
related
—
Sep 1, 2022
—
North Bergen Capital 8709 LLC
—
Deed
related
$893,250 · 8701 River Rd LLC
May 9, 2019
—
North Bergen Capital 8709 LLC
—
Grant Deed
related
$6,000,000 · Gamma Nj River Road LLC
Apr 5, 2019
$999,000
8701 River Rd LLC
West Auto Plaza LLC
Grant Deed
—
Jun 21, 2001
—
8707 River Road Associates LLC
Rasoulinejad,seyd
Grant Deed
related
—
Jun 11, 1997
$170,000
Seyd Rasoulinejad
Ravese,frank
Grant Deed
$85,000 · Seller
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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