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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Commercial real estate
91 Jefferson Rd Whippany, NJ 07981-1037
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-1661947
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
CONCRETE BLOCKS
Total area
11,620 SF
Lot
2.39 ac (104,108 SF)
Zoning code
OBRL
APN
12 03601-0000-00013
UPID
US59-1661947
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. Michele Nitti, DO Physician Medical Clinic
-
Marisa Rosania, MD Physician
-
Franklin Pediatrics - Primary Care Partners Affiliate Pediatrician Medical Clinic
-
Hanover Endoscopy Center Medical Clinic Hospital
-
Wallach Carl B MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$2.36M
Owner & transaction history
Bergen Vale Associates LP · 9 yrs held
Bergen Vale Associates LP
since 2016
4 recorded transactions
Zoning & alternative use
OBRL · Whippany, 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 Whippany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whippany 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,825,000
Current use
OFFICE BUILDING
$2,435,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±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
$203 / 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
$96,446
Tax year 2022
Assessed value
$4,788,800
Assessed 2023
Previous assessed
$4,788,800
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$991,000
Assessed improvement
$3,797,800
Land market value
$991,000
Improvement market value
$3,797,800
Total market value
$4,788,800
Applied tax rate
12.0000
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
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
11,620 SF
Lot
2.39 ac (104,108 SF)
Zoning code
OBRL
APN
12 03601-0000-00013
UPID
US59-1661947
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OBRL · Whippany, NJ
Zoning OBRL · permitted uses
OBRL · Whippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whippany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
2.39 ac
Current owner
From public records · entity-resolved
Bergen Vale Associates LP
Entity
Mailing address
514 S LIVINGSTON AVE, LIVINGSTON, NJ 07039-4351
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
$6,000,000
Bergen Vale Associates LP
Gordon South Jefferson Assocs
Grant Deed
$4,200,000 · Underwriters Funding Co
Aug 8, 2016
—
Gordon South Jefferson Assocs
—
Deed
related
$4,150,000 · Provident Bk
Mar 8, 2000
$525,000
91 South Jefferson Assoc LLC
Doner Realty Group LLC
Grant Deed
—
—
—
Gordon South Jefferson Assocs
—
Deed Of Trust
related
$4,150,000 · Provident Bk
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.
Try Rey
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