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Property profile & analytics
OFF-MARKET
Estimated value
$16,570,000
Commercial real estate
1120 Alps Rd Wayne, NJ 07470-3704
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1630070
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
98,258 SF
Lot
13.07 ac (569,329 SF)
APN
14 02205-0000-00070
UPID
US59-1630070
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
-
Atlas at Wayne Nursing Home
-
Spring Hills Post Acute Care Wayne Community Center
-
Atrium Rehab Hardware & Home Improvement Production Facility
-
Jay Purvin Physician
-
Spring Hills Atrium Nursing Home Wayne (Alps) Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.57M
Owner & transaction history
1120 Alps Road Realty LLC · 1 yrs held
1120 Alps Road Realty LLC
since 2025
Last sale
$16.6M
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 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
$14,295,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,340,000
6.5%
$18,775,000
7%
$17,435,000
Blend value · Realmo final
$16.57M
Range $14.91M – $18.23M · ±10% · vs last sale $16.60M (Jan 7 2025)
Last sale anchor
$16.60M
Jan 7 2025
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
$169 / 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
$562,172
Tax year 2022
Assessed value
$9,942,900
Assessed 2023
Previous assessed
$9,942,900
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$830,700
Assessed improvement
$9,112,200
Land market value
$830,700
Improvement market value
$9,112,200
Total market value
$9,942,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
98,258 SF
Lot
13.07 ac (569,329 SF)
APN
14 02205-0000-00070
UPID
US59-1630070
Jurisdiction
PASSAIC
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
Heating
NONE
Lot
13.07 ac
Current owner
From public records · entity-resolved
1120 Alps Road Realty LLC
Entity
Mailing address
451 7TH ST SW, WASHINGTON, DC 20410-0001
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
$16,600,000
1120 Alps Road Realty LLC
Atrium At Wayne LLC
Deed
$29,796,250 · Valley National Bank
May 16, 2023
—
Midland States Bank
Love Funding Corporation
Assignment Of Lease (leasehold Sale)
—
Jan 17, 2006
—
Atrium At Wayne LLC
—
Deed Of Trust
related
$77,300,000 · Merrill Lynch Capital
—
—
Atrium At Wayne LLC
—
Deed Of Trust
related
$7,500,000 · Merrill Lynch Capital
—
—
Atrium Wayne LLC
—
Deed Of Trust
related
$25,000 · Fleet National Bank
—
—
Arrium At Wayne LLC
—
Deed Of Trust
related
$39,976 · Love Funding Corp
—
—
Atrium At Wayne LLC
—
Deed Of Trust
related
$39,976,000 · Love Funding Corp
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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