Individually Owned Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
FRAME
Total area
2,294 SF
Lot
0.43 ac (18,731 SF)
Zoning code
VN
APN
15 00023-0000-00014
UPID
US59-1887006
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
-
Hair Salon Nail Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$820k
Owner & transaction history
since 2022
Last sale
$690,000
2 recorded transactions
Zoning & alternative use
VN · Peapack, 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 54 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$820k
Value range
$738k – $902k
±10% around blend
Estimated value / SF
$357 / SF
Confidence
High
54 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$738k
blend $820k
$902k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,294 SF
Lot area
0.43 ac
Year built
1980
Stories
2
APN
15 00023-0000-00014
Zoning
VN
Assessed value
$583,400
Annual tax
$8,775
3
Income approach: direct capitalization
Partial preview
Income approach indication
$595k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$645k
@ 6.5% CAP return
$595k
@ 7% CAP return
$550k
4
Sales comparison
Partial preview
Sales approach indication
$726k
Weighted, 20 comps · high confidence
Evidence
54 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.6 mi away · 2,151 SF
9.9 mi away · 2,844 SF
10.1 mi away · 2,398 SF
10.3 mi away · 2,212 SF
10.9 mi away · 2,383 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$820k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 255 sales
$256
+40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $357/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
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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
Comparable evidence · 54 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.70%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.70%
9.0%
NOI (est.)
$48k *
Last sale · Mar 2022
$690k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.03M
Move the market yield to see immediate price impact.
Value / SF
$448
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
4.20%4.70%5.20%
$43k
$1.04M
$925k
$836k
$48k
$1.15M
$1.03M
$929k
$53k
$1.27M
$1.13M
$1.02M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
54 found
High confidence · county-verified
Closest comparable
$303k
6.0 mi · Feb 2026 · $120/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,775
Tax year 2022
Assessed value
$583,400
Assessed 2023
Previous assessed
$491,000
+18.8% YoY
Effective rate
1.50%
On assessed value
Assessed land
$262,700
Assessed improvement
$320,700
Land market value
$262,700
Improvement market value
$320,700
Total market value
$583,400
Applied tax rate
15.0000
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
Year built
1980
Construction
FRAME
Heating
NONE
Stories
2
Units
2
Total area
2,294 SF
Lot
0.43 ac (18,731 SF)
Zoning code
VN
APN
15 00023-0000-00014
UPID
US59-1887006
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
VN · Peapack, NJZoning VN · permitted uses
VN · Peapack, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
NONE
Stories
2
Units
2
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VN
Jurisdiction
Peapack, NJ
Recorded code
VN
Ownership Intelligence
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What opens after registration
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
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Owner of record and activity signals are derived from public records and modeled classifications.
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