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Property profile & analytics
OFF-MARKET
Estimated value
$10,165,000
Industrial properties
1 Pearl Ct, Allendale, NJ 07401-1658
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2995906
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
46,624 SF
Lot
2.63 ac (114,563 SF)
APN
01 00601-0000-00004
UPID
US59-2995906
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
-
HLA Bone Marrow Registry Medical Clinic Hospital
-
Vitalant Laboratories Blood Bank
-
US Med-Equip (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Oriental Rug Cleaning & Repair Allendale Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.17M
CAP Approach
CAP
$8.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.17M
Owner & transaction history
Fivf L Nj3 LLC · 2 yrs held
Fivf L Nj3 LLC
since 2024
Last sale
$10.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.3M
+46.7%
Commercial (general)
$13.7M
+30.7%
Office building
$11.3M
+7.9%
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 Allendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allendale 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
$10,165,000
ML approach
$10,165,000
CAP Approach
CAP Return
Estimation
6%
$8,720,000
6.5%
$8,050,000
7%
$7,475,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,440,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,315,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,650,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$11,260,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$10.17M
Range $9.15M – $11.18M · ±10% · vs last sale $10.16M (Feb 21 2024)
Last sale anchor
$10.16M
Feb 21 2024
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
$218 / 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
$196,637
Tax year 2022
Assessed value
$9,440,800
Assessed 2023
Previous assessed
$9,440,800
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$999,400
Assessed improvement
$8,441,400
Land market value
$999,400
Improvement market value
$8,441,400
Total market value
$9,440,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Construction
BRICK
Heating
NONE
Stories
1
Total area
46,624 SF
Lot
2.63 ac (114,563 SF)
APN
01 00601-0000-00004
UPID
US59-2995906
Jurisdiction
BERGEN
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
INDUSTRIAL (GENERAL) Current
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$13.7M
OFFICE BUILDING
Est. value
$11.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Construction
BRICK
Heating
NONE
Stories
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
Fivf L Nj3 LLC
Entity
Mailing address
111 RIV ST, HOBOKEN, NJ 07030-5773
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$10,162,694
Fivf L Nj3 LLC
Allendale Property LLC
Deed
$500,000 · New York Life Insurance Company
Aug 23, 2018
$625,000
Alexey Likhovidov
Blinn Mazzucca Realty LLC
Dual Purpose Document
$500,000 · Atlantic Hm Loans
Aug 13, 2018
$50,550,000
Allendale Property LLC
Pearl Court Investors LLC
Dual Purpose Document
$34,500,000 · Citizens Bk/pa
Apr 8, 2008
$16,722,313
Pearl Court Investors LLC
First Industrial Harrisburg
Grant Deed
related
—
—
—
Pearl Court Investors LLC
—
Deed Of Trust
related
$3,728,420 · Aviva Life & Annuity Co
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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