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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial real estate
913 Frnt St 15 Plainfield, NJ 07063-1107
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US59-2900400
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1925
Construction
FRAME
Total area
5,049 SF
Lot
0.3 ac (13,227 SF)
Zoning code
R-4
APN
12 00227-0000-00055
UPID
US59-2900400
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$600k
Owner & transaction history
913 915 Property LLC · 13 yrs held
913 915 Property LLC
since 2012
7 recorded transactions
Zoning & alternative use
R-4 · Plainfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-4: Moderate Density Residential Zone District. [MC 2002-29 § 17:9-8, December 2, 2002; MC 2007-04 Exh. A, June 20, 2007] A. Purpose. This zone is designed for single-family and two-family development at a density not to exceed 5.8 dwelling units per acre for single-family dwelling units and 8.7 dwelling units per acre for two-family dwelling units. B. Perm…
Zone name
Moderate Density Residential
General category
RESIDENTIAL
Zone area
773.07 ac
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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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
INDUSTRIAL (GENERAL)
$875,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$119 / 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
$13,924
Tax year 2022
Assessed value
$164,600
Assessed 2023
Previous assessed
$164,600
+0.0% YoY
Effective rate
8.46%
On assessed value
Assessed land
$65,200
Assessed improvement
$99,400
Land market value
$65,200
Improvement market value
$99,400
Total market value
$164,600
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
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
1925
Construction
FRAME
Heating
NONE
Stories
3
Total area
5,049 SF
Lot
0.3 ac (13,227 SF)
Zoning code
R-4
APN
12 00227-0000-00055
UPID
US59-2900400
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Plainfield, NJZoning R-4 · permitted uses
R-4 · Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-4: Moderate Density Residential Zone District. [MC 2002-29 § 17:9-8, December 2, 2002; MC 2007-04 Exh. A, June 20, 2007] A. Purpose. This zone is designed for single-family and two-family development at a density not to exceed 5.8 dwelling units per acre for single-family dwelling units and 8.7 dwelling units per acre for two-family dwelling units. B. Permitted Uses. See Schedule A. C. Accessory Uses. See Schedule A. D. Bulk Requirements. See Schedule B.
Zone name
Moderate Density Residential
General category
RESIDENTIAL
Zone area
773.07 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$875,000
INDUSTRIAL (GENERAL)
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
1925
Construction
FRAME
Heating
NONE
Stories
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
913 915 Property LLC
Entity
Mailing address
915 W FRNT STA, PLAINFIELD, NJ 07063-1107
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2012
$325,000
913 915 Property LLC
Jsp Investments Limited Liability C
Deed
—
Dec 14, 2012
—
Jsp Investments LLC
Marshall Of County Of Union
Trustees Deed
related
—
Nov 26, 2008
$375,000
Cristobal Valdez
Solano,jose
Grant Deed
—
Nov 9, 2005
$635,000
Jose Solano
Pena,wellington
Grant Deed
$412,750 · Interbay Funding LLC
Feb 7, 2005
—
Wellington F Pena
—
Trustees Deed
related
$66,600 · George Taveras
Aug 21, 2001
—
Wellington Pena
Pena,francisco
Quit Claim Deed
related
—
—
—
Cristobal Valdez
—
Deed Of Trust
related
$262,000 · Greystone 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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