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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Office buildings
1 Corporate Dr Wayne, NJ 07470-3112
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0596562
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
18,644 SF
Lot
2.77 ac (120,661 SF)
APN
14 00501-0000-00006
UPID
US59-0596562
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
-
Liam's Finest Electricians Electrical Service General Contractor
-
Retina Center of New Jersey Medical Clinic
-
Patrick M. Higgins, M.D. Ophthalmologist
-
USALLIANCE Financial Credit Union
-
Benjamin D. Freilich, M.D. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.53M
Owner & transaction history
1 Corporate Drive Wayne LLC · 5 yrs held
1 Corporate Drive Wayne LLC
since 2020
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.2M
+1.1%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$2,620,000
ML approach
$2,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,180,000
Current use
INDUSTRIAL (GENERAL)
$3,215,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10% · vs last sale $2.49M (Dec 4 2020)
Last sale anchor
$2.49M
Dec 4 2020
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
$135 / 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
$131,325
Tax year 2022
Assessed value
$1,600,000
Assessed 2023
Previous assessed
$2,322,700
-31.1% YoY
Effective rate
8.21%
On assessed value
Assessed land
$554,000
Assessed improvement
$1,046,000
Land market value
$554,000
Improvement market value
$1,046,000
Total market value
$1,600,000
Applied tax rate
14.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Total area
18,644 SF
Lot
2.77 ac (120,661 SF)
APN
14 00501-0000-00006
UPID
US59-0596562
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING Current
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
2005
Heating
NONE
Lot
2.77 ac
Current owner
From public records · entity-resolved
1 Corporate Drive Wayne LLC
Entity
Mailing address
1 CORPORATE DR, WAYNE, NJ 07470-3112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
$2,494,380
1 Corporate Drive Wayne LLC
Usalliance Federal Credit Union
Deed
$1,856,880 · Usalliance FCU
Oct 16, 2018
—
Us Alliance Financial FCU
Us Alliance Financial FCU
Quit Claim Deed
related
—
Mar 16, 2006
$20,000
Board Of Chosen Freeholders Pa
First Jersey Credit Union
Grant Deed
—
Feb 2, 2004
—
Passaic County (nj)
First Jersey Cu
Grant Deed
related
—
Nov 14, 2003
$925,000
Jersey Cu First
Amh #20 LLC
Grant Deed
related
—
—
—
Amh 20 LLC
—
Deed Of Trust
related
$100,000 · Columbia Savings 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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