Entity Owned Property summary
AI-generated overview
A multi-level commercial space within a well-maintained mixed-use building, formerly used as a bike shop, configured to be leased either individually or in combination. The property includes separate entrances, multiple bathrooms, private offices, and professionally installed systems. The lower level contains 2,050 square feet of retail-oriented space with an ADA-accessible restroom, while the upper level provides 4,000 square feet with two offices and two additional bathrooms (one bathroom includes a shower), with space that can support administrative, meeting, or specialty functions. The interior layout is designed to allow areas to be fully closed off for independent use with separate code compliance. The building features security camera infrastructure and hardwired systems, and it has frontage on Ridgedale Avenue with ample parking and convenient access to major highways; the adjacent right-side tenant space has historically operated as a restaurant.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
CONCRETE BLOCKS
Lot
1.95 ac (85,080 SF)
Zoning code
I-3
APN
10 00130-0000-00006
UPID
US59-3139518
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering Catering Service
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
since 2021
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
I-3 · East Hanover, NJ
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
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.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.07M
Value range
$1.86M – $2.27M
±10% around blend
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$1.86M
blend $2.07M
$2.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
1.95 ac
Year built
1985
Stories
2
APN
10 00130-0000-00006
Zoning
I-3
Assessed value
$1,058,600
Annual tax
$26,423
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 85 sales
$179
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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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$1.45M
Move the market yield to see immediate price impact.
Value / SF
N/A
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%
$91k
$1.83M
$1.30M
$1.02M
$102k
$2.03M
$1.45M
$1.13M
$112k
$2.23M
$1.59M
$1.24M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$26,423
Tax year 2022
Assessed value
$1,058,600
Assessed 2023
Previous assessed
$1,058,600
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$683,600
Assessed improvement
$375,000
Land market value
$683,600
Improvement market value
$375,000
Total market value
$1,058,600
Applied tax rate
10.0000
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
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
1.95 ac (85,080 SF)
Zoning code
I-3
APN
10 00130-0000-00006
UPID
US59-3139518
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-3 · East Hanover, NJZoning I-3 · permitted uses
I-3 · East Hanover, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
1.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-3
Jurisdiction
East Hanover, NJ
Recorded code
I-3
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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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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