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Property profile & analytics
FOR LEASE
Commercial real estate
97 Grayrock Rd Clinton, NJ 08809
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0622572
For Lease
1 / 11
$655,000
97 Grayrock Rd, Clinton, NJ 08809
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1886
Construction
FRAME
Total area
3,997 SF
Lot
3.15 ac (137,301 SF)
Zoning code
OB1
APN
06 00070-0000-00017
UPID
US59-0622572
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
-
Bluebird Associates Real Estate Agency
-
Strategic Sales Consulting Business Management Consultant
-
Cambridge Construction Management Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$655k
Owner & transaction history
Dunham House LLC · 2 yrs held
Dunham House LLC
since 2024
Last sale
$650,000
4 recorded transactions
Zoning & alternative use
OB1 · Clinton, 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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
$400,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Jul 22 2022)
Last sale anchor
$650k
Jul 22 2022
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
$164 / 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
$13,933
Tax year 2022
Assessed value
$496,200
Assessed 2023
Previous assessed
$496,200
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$224,900
Assessed improvement
$271,300
Land market value
$224,900
Improvement market value
$271,300
Total market value
$496,200
Applied tax rate
6.0000
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
For Lease
Year built
1886
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
3,997 SF
Lot
3.15 ac (137,301 SF)
Zoning code
OB1
APN
06 00070-0000-00017
UPID
US59-0622572
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OB1 · Clinton, NJ
Zoning OB1 · permitted uses
OB1 · Clinton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1886
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
3.15 ac
Current owner
From public records · entity-resolved
Dunham House LLC
Entity
Free & Clear · 2 yrs held
Mailing address
44 WILLOW AVE, PEAPACK, NJ 07977-5036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 20, 2024
$788,500
Dunham House LLC
Nicholas G Villa
Deed
—
Jul 22, 2022
$650,000
Nicholas G Villa
Northeast Real Estate Holdings LLC
Bargain And Sale Deed
$100,000 · Northeast Real Estate Holdings LLC
Aug 29, 2012
$320,000
Northeast Real Estate Holdings
Peskin,roger M
Grant Deed
related
$200,000 · Pnc Bank
Aug 19, 1991
$320,000
Roger M Peskin
Unknown
Grant Deed
—
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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