9 Lenel Rd Landing, NJ 07850-1844
Entity Owned
18-yr Hold
~
Est. High Equity
Estimated value (blended)
$1.11M
Range $995k – $1.22M (±10%)
Property ID
US59-2719386
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
11,264 SF
Lot
1.54 ac (67,082 SF)
Zoning code
I-1
APN
36 09501-0000-00006
UPID
US59-2719386
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$928k
Blend (final)
Blend
$1.11M
Owner & transaction history
since 2008
3 recorded transactions
Zoning & alternative use
I-1 · Landing, NJ
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 16 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.11M
Value range
$995k – $1.22M
±10% around blend
Estimated value / SF
$98 / SF
Confidence
High
16 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
100
$995k
blend $1.11M
$1.22M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,264 SF
Lot area
1.54 ac
Stories
1
APN
36 09501-0000-00006
Assessed value
$1,176,800
Annual tax
$31,538
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.27M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.38M
@ 6.5% CAP return
$1.27M
@ 7% CAP return
$1.18M
4
Sales comparison
Partial preview
Sales approach indication
$1.66M
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.5 mi away · 14,436 SF
9.5 mi away · 8,733 SF
11.7 mi away · 9,086 SF
13.2 mi away · 11,414 SF
16.6 mi away · 10,547 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 762 sales
$243
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $98/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.18M
Move the market yield to see immediate price impact.
Value / SF
$104
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$74k
$1.48M
$1.06M
$824k
$82k
$1.65M
$1.18M
$915k
$91k
$1.81M
$1.29M
$1.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$2.11M
5.8 mi · Mar 2026 · $177/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$31,538
Tax year 2022
Assessed value
$1,176,800
Assessed 2023
Previous assessed
$1,176,800
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$271,300
Assessed improvement
$905,500
Land market value
$271,300
Improvement market value
$905,500
Total market value
$1,176,800
Applied tax rate
36.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
1
Total area
11,264 SF
Lot
1.54 ac (67,082 SF)
Zoning code
I-1
APN
36 09501-0000-00006
UPID
US59-2719386
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Landing, NJZoning I-1 · permitted uses
I-1 · Landing, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
1.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-1
Jurisdiction
Landing, NJ
Recorded code
I-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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