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Property profile & analytics
OFF-MARKET
Estimated value
$21,235,000
Industrial properties
100 Demarest Dr Wayne, NJ 07470-6743
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2664718
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
121,064 SF
Lot
10.46 ac (455,638 SF)
Zoning code
I
APN
14 00304-0000-00001
UPID
US59-2664718
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
-
Mediant Bank Credit Union
-
Elevator Products Corporation Production Facility
-
Schindler Elevator Corporation General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.91M
Comparable Approach
Comparable
$13.45M
Blend (final)
Blend
$21.24M
Owner & transaction history
Centerpoint 100 Demarest LLC · 4 yrs held
Centerpoint 100 Demarest LLC
since 2022
Last sale
$27.5M
4 recorded transactions
Zoning & alternative use
I · Wayne, 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 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
$28,155,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,650,000
6.5%
$20,905,000
7%
$19,410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,890,000
Current use
OFFICE BUILDING
$20,655,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$21.24M
Range $19.11M – $23.36M · ±10% · vs last sale $27.50M (Jun 29 2022)
Last sale anchor
$27.50M
Jun 29 2022
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
$175 / 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
$226,160
Tax year 2022
Assessed value
$4,000,000
Assessed 2023
Previous assessed
$4,000,000
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$2,086,800
Assessed improvement
$1,913,200
Land market value
$2,086,800
Improvement market value
$1,913,200
Total market value
$4,000,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
NONE
Total area
121,064 SF
Lot
10.46 ac (455,638 SF)
Zoning code
I
APN
14 00304-0000-00001
UPID
US59-2664718
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Wayne, NJ
Zoning I · permitted uses
I · Wayne, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.9M
OFFICE BUILDING
Est. value
$20.7M
INDUSTRIAL (GENERAL) Current
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
Year built
1988
Heating
NONE
Lot
10.46 ac
Current owner
From public records · entity-resolved
Centerpoint 100 Demarest LLC
Entity
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$27,500,000
Centerpoint 100 Demarest LLC
100 Demarest Drive LLC
Bargain And Sale Deed
—
Nov 12, 2019
—
100 Demarest Drive LLC
—
Deed
related
$5,300,000 · Td Bank NA
Aug 29, 2000
$50,000
100 Demarest Drive LLC
Jos L Muscarelle Dev Co
Grant Deed
related
$5,500,000 · Key Bank NA
Jul 15, 1999
—
Jos L Muscarelle INC
—
Deed Of Trust
related
$8,000,000 · Lr4a-jv Ltd Partnership
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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