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Property profile & analytics
OFF-MARKET
Estimated value
$18,540,000
Industrial properties
10 Railroad Ave Closter, NJ 07624-1209
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0645755
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
140,514 SF
Lot
6.67 ac (290,545 SF)
APN
07 01205-0000-00008
UPID
US59-0645755
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
-
Chemo Mouthpiece Production Facility
-
El Air Duct Service & Dryer Vent Cleaning Service Of Closter,Nj HVAC Service General Contractor
-
Capital Hardware Supply INC Distribution Center Logistics Company
-
Denta-Cool™ Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.54M
Owner & transaction history
Railroad Avenue Real Estate Holding · 1 yrs held
Railroad Avenue Real Estate Holding
since 2025
7 recorded transactions
Zoning & alternative use
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 Closter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Closter 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
by Request
CAP Approach
CAP Return
Estimation
6%
$26,285,000
6.5%
$24,265,000
7%
$22,530,000
Blend value · Realmo final
$18.54M
Range $16.69M – $20.39M · ±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
$132 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$480,230
Tax year 2023
Assessed value
$24,238,600
Assessed 2024
Previous assessed
$24,238,600
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$3,002,400
Assessed improvement
$21,236,200
Land market value
$3,002,400
Improvement market value
$21,236,200
Total market value
$24,238,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
140,514 SF
Lot
6.67 ac (290,545 SF)
APN
07 01205-0000-00008
UPID
US59-0645755
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
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
6.67 ac
Current owner
From public records · entity-resolved
Railroad Avenue Real Estate Holding
Entity
Mailing address
16 SQUADRON BLVD STE 106TH NEW CITY
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
—
Railroad Avenue Real Estate Holding
Railroad Avenue Real Estate Holding
Deed
related
—
Oct 15, 2024
—
10 Railroad Solar LLC
Railroad Avenue Real Estate Holding
Lease
—
Feb 9, 2021
—
Railroad Avenue Real Estate Holding
Capital Young Properties LLC
Deed
$12,180,000 · Jpmorgan Chase Bank NA
Jul 9, 2018
—
Capital Young Properties LLC
—
Deed
related
$13,500,000 · M&t Bk
Feb 1, 2010
$3,500,000
Capital Young Properties LLC
Weyerhaeuser Nr Co
Grant Deed
$2,600,000 · Valley National Bank
Jan 27, 2009
$5,756,500
Weyerhaeuser Nr Co
Weyerhaeuser
Grant Deed
—
—
—
Capital Young Properties LLC
—
Deed Of Trust
related
$2,100,000 · Valley National Bank
—
—
Capital Young Properties LLC
—
Deed Of Trust
related
$1,500,000 · Valley National Bank
—
—
Capital Young Properties LLC
—
Deed Of Trust
related
$1,800,000 · Valley National Bank
—
—
Capital Young Properties LLC
—
Deed Of Trust
related
$5,010,975 · Valley National Bank
—
—
Capital Young Properties LLC
—
Deed Of Trust
related
$13,500,000 · M&t Bk
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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