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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Commercial real estate
Rte 23 Riverdale, NJ 07457
Entity Owned
13-yr Hold
Free & Clear
Property ID
US59-2204627
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
5,040 SF
Lot
0.9 ac (39,204 SF)
Zoning code
R-40
APN
33 00039-0000-00005- 01
UPID
US59-2204627
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
$365k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$580k
Owner & transaction history
Cotluss Road LLC · 13 yrs held
Cotluss Road LLC
since 2013
2 recorded transactions
Zoning & alternative use
R-40 · Riverdale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-40 Residence District: to provide an area for low-density, single-family detached units which are compatible with the physical development capacities of the land and consistent with development patterns within the same district. F.
Zone name
Residential
General category
RESIDENTIAL
Zone area
52.79 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 Riverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverdale 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$115 / 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
$11,901
Tax year 2022
Assessed value
$643,800
Assessed 2023
Previous assessed
$636,400
+1.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$273,900
Assessed improvement
$369,900
Land market value
$273,900
Improvement market value
$369,900
Total market value
$643,800
Applied tax rate
33.0000
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
Heating
NONE
Total area
5,040 SF
Lot
0.9 ac (39,204 SF)
Zoning code
R-40
APN
33 00039-0000-00005- 01
UPID
US59-2204627
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-40 · Riverdale, NJZoning R-40 · permitted uses
R-40 · Riverdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-40 Residence District: to provide an area for low-density, single-family detached units which are compatible with the physical development capacities of the land and consistent with development patterns within the same district. F.
Zone name
Residential
General category
RESIDENTIAL
Zone area
52.79 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Cotluss Road LLC
Entity
Free & Clear · 13 yrs held
Mailing address
164 BALLENTINE DRDR5, NORTH HALEDON, NJ 07508-2406
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2013
—
Cotluss Road LLC
Springvalley LLC
Grant Deed
—
Mar 26, 2009
—
Springvalley LLC
Drago,anthony & Margaret
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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