Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,955,000
Industrial properties
105 Sand Park Rd Cedar Grove, NJ 07009
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2739818
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1949
Construction
CONCRETE BLOCKS
Total area
30,796 SF
Lot
1.74 ac (75,598 SF)
Zoning code
M-1
APN
04 00293-0000-00021
UPID
US59-2739818
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
$10.11M
CAP Approach
CAP
$5.43M
Comparable Approach
Comparable
$7.12M
Blend (final)
Blend
$7.96M
Owner & transaction history
Won Property Management INC · 3 yrs held
Won Property Management INC
since 2023
Last sale
$7.4M
4 recorded transactions
Zoning & alternative use
M-1 · Cedar Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-1 and M-2 Office/Warehouse Zones. It is the intent of these zones to provide for light manufacturing and warehouse uses while at the same time permitting development of professional and/or business offices, whether as accessory or principal uses. District standards for the height and size of buildings and the area and dimensions of yards and open spaces ar…
Zone name
Office And Warehouse District
General category
INDUSTRIAL
Zone area
67.43 ac
Top alternative use upside
Commercial (general)
$9.1M
+30.5%
Apartment house (5+ units)
$8.4M
+21.1%
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 Cedar Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Grove 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
$10,265,000
ML approach
$10,105,000
CAP Approach
CAP Return
Estimation
6%
$5,880,000
6.5%
$5,430,000
7%
$5,040,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,955,000
Current use
COMMERCIAL (GENERAL)
$9,080,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,420,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$6,465,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$7.96M
Range $7.16M – $8.75M · ±10% · vs last sale $7.40M (Jul 5 2023)
Last sale anchor
$7.40M
Jul 5 2023
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
$258 / 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
$69,228
Tax year 2022
Assessed value
$2,700,000
Assessed 2023
Previous assessed
$2,700,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$1,409,400
Assessed improvement
$1,290,600
Land market value
$1,409,400
Improvement market value
$1,290,600
Total market value
$2,700,000
Applied tax rate
4.0000
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
Year built
1949
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
30,796 SF
Lot
1.74 ac (75,598 SF)
Zoning code
M-1
APN
04 00293-0000-00021
UPID
US59-2739818
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Cedar Grove, NJZoning M-1 · permitted uses
M-1 · Cedar Grove, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-1 and M-2 Office/Warehouse Zones. It is the intent of these zones to provide for light manufacturing and warehouse uses while at the same time permitting development of professional and/or business offices, whether as accessory or principal uses. District standards for the height and size of buildings and the area and dimensions of yards and open spaces are intended to minimize the effect of such sites being adjacent to residential areas and to minimize noise, glare, air pollution, water pollution and fire and safety hazards. The basic distinction between the M-1 and the M-2 Zones is that the M-2 Zones are composed of large areas of land where campus-style development is encouraged on lots larger than that required for the M-1 Zones. N. GF Government Facilities Zone (no minimum lot size). The GF Zone provides for uses pertinent to the various agencies of federal, state, county, and/or municipal government including facilities such as offices, libraries, United States Postal Service, utility installations, public works garages, and storage buildings. O. Multifamily Affordable Housing (MF-AH) Zone. [Added 9-17-2018 by Ord. No. 18-829 ] P. Multifamily Affordable Housing Inclusionary Overlay (MF-AH-IO) Zone. [Added 9-17-2018 by Ord. No. 18-830 ]
Zone name
Office And Warehouse District
General category
INDUSTRIAL
Zone area
67.43 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
OFFICE BUILDING
Est. value
$6.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1949
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Won Property Management INC
Entity
Mailing address
610 COMMERCIAL AVE, CARLSTADT, NJ 07072-2602
Ownership since
2023
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
Sep 19, 2023
—
Won Property Management INC
—
Deed
related
$2,847,000 · Trenton Savings Fund Society
Jul 5, 2023
$7,400,000
Won Property Management INC
Cedar Grove Leasing LLC
Deed
$3,761,980 · Lendingclub Bank NA
Oct 27, 2016
$2,700,000
Cedar Grove Leasing LLC
Mtk Holdings LLC
Grant Deed
$2,160,000 · Pnc Bk
Jun 13, 2008
$2,970,000
Mtk Holdings LLC
Tkz Sand Park LLC
Deed
$1,485,000 · Northfield 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 105 Sand Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
