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Property profile & analytics
OFF-MARKET
Warehouses
1 Mattimore St 21 Passaic, NJ 07055-7009
Entity Owned
~
Est. High Equity
Property ID
US59-1097220
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
CONCRETE BLOCKS
Lot
1.13 ac (49,400 SF)
Zoning code
M-1
APN
07 04055-0000-00014
UPID
US59-1097220
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jean Ribbon Properties LLP
Jean Ribbon Properties LLP
3 recorded transactions
Zoning & alternative use
M-1 · Passaic, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ept R-1, R-2 and R-1A, solid fences up to six feet in height may be erected to enclose a vacant lot, provided that the exterior side of such fence is properly finished and kept free of graffiti or advertising. In the C, M-1 and M-2 Zones, open fences up to eight feet in height shall be permitted. COMMON ZONING TOPICS Minimum Parking Dimensions Signage and Aw…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
100.44 ac
Source
Passaic Zoning Guide
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 Passaic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Passaic 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$49,574
Tax year 2023
Assessed value
$1,238,100
Assessed 2024
Previous assessed
$1,238,100
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$434,100
Assessed improvement
$804,000
Land market value
$434,100
Improvement market value
$804,000
Total market value
$1,238,100
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
1.13 ac (49,400 SF)
Zoning code
M-1
APN
07 04055-0000-00014
UPID
US59-1097220
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Passaic, NJZoning M-1 · permitted uses
M-1 · Passaic, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ept R-1, R-2 and R-1A, solid fences up to six feet in height may be erected to enclose a vacant lot, provided that the exterior side of such fence is properly finished and kept free of graffiti or advertising. In the C, M-1 and M-2 Zones, open fences up to eight feet in height shall be permitted. COMMON ZONING TOPICS Minimum Parking Dimensions Signage and Awnings General Rules for All Zones • Max sign height: 16 feet (including support str
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
100.44 ac
Source
Passaic Zoning Guide
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Jean Ribbon Properties LLP
Entity
Mailing address
1 MATTIMORE ST, PASSAIC, NJ 07055-7009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Jean Ribbon Properties LLP
—
Deed Of Trust
related
$100,000 · Columbia Bank
—
—
Jean Ribbon Properties LLP
—
Deed Of Trust
related
$250,000 · Columbia Bank
—
—
Jean Ribbon Properties LLP
—
Deed Of Trust
related
$450,000 · Columbia 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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