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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Industrial properties
1 Market St Elmwood Park, NJ 07407-1401
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2918993
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
6.76 ac (294,466 SF)
Zoning code
IR
APN
11 00610-0000-00001- 02
UPID
US59-2918993
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
-
Soundview Paper Co Industrial Manufacturer Production Facility
-
Marcal Mill
-
Marcal Paper Distribution Center Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
The Mlb Network LLC · 1 yrs held
The Mlb Network LLC
since 2025
6 recorded transactions
Zoning & alternative use
IR · Elmwood Park, 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 Elmwood Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood Park 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$128,219
Tax year 2023
Assessed value
$4,285,400
Assessed 2024
Previous assessed
$4,285,400
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$3,285,400
Assessed improvement
$1,000,000
Land market value
$3,285,400
Improvement market value
$1,000,000
Total market value
$4,285,400
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
6.76 ac (294,466 SF)
Zoning code
IR
APN
11 00610-0000-00001- 02
UPID
US59-2918993
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
IR · Elmwood Park, NJ
Zoning IR · permitted uses
IR · Elmwood Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmwood Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
6.76 ac
Current owner
From public records · entity-resolved
The Mlb Network LLC
Entity
Mailing address
1 MARKET ST, ELMWOOD PARK, NJ 07407-1401
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 10, 2025
—
The Mlb Network LLC
Chipt Newark Elmwood Park LLC
Deed
—
Jun 8, 2022
$67,685,000
Chipt Newark Elmwood Park LLC
Marcal Manufacturing LLC
Deed
$59,200,000 · Comerica Bank
May 29, 2012
—
Marcal Manufacturing LLC
Soundview Secured LLC
Grant Deed
related
$75,722,222 · Private Individual
Jun 3, 2008
$14,400,000
Marcal Manufacturing LLC
Marcal Paper Mills INC
Grant Deed
related
$75,722,222 · Nexbank Ssb
Jan 6, 2006
$100
Marcal Paper Mills INC
Lacram Land LLC
Grant Deed
$75,000,000 · Wachovia Bank Of Delaware NA
—
—
Marcal Manufacturing LLC
—
Deed Of Trust
related
$5,000,000 · Soundview Secured LLC
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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