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Property profile & analytics
OFF-MARKET
Estimated value
$20,790,000
Industrial properties
116 Lehigh Dr, Fairfield, NJ 07004-3013
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-3047813
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
CONCRETE BLOCKS
Total area
106,800 SF
Lot
4.59 ac (199,940 SF)
Zoning code
L-1
APN
07 00702-0000-00019- 02
UPID
US59-3047813
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
by Request
CAP Approach
CAP
$18.83M
Comparable Approach
Comparable
$25.50M
Blend (final)
Blend
$20.79M
Owner & transaction history
G&i X Ul & 1sf Nj Pool 11 LLC · 3 yrs held
G&i X Ul & 1sf Nj Pool 11 LLC
since 2023
Last sale
$20.5M
7 recorded transactions
Zoning & alternative use
L-1 · Fairfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$29.2M
+3.2%
Commercial (general)
$28.3M
+0.1%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$28,360,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,395,000
6.5%
$18,830,000
7%
$17,485,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$28,305,000
Current use
APARTMENT HOUSE (5+ UNITS)
$29,205,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,325,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$20.79M
Range $18.71M – $22.87M · ±10% · vs last sale $20.45M (Mar 21 2023)
Last sale anchor
$20.45M
Mar 21 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
$195 / 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
$201,570
Tax year 2022
Assessed value
$10,063,400
Assessed 2023
Previous assessed
$10,063,400
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$936,700
Assessed improvement
$9,126,700
Land market value
$936,700
Improvement market value
$9,126,700
Total market value
$10,063,400
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 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
1986
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
106,800 SF
Lot
4.59 ac (199,940 SF)
Zoning code
L-1
APN
07 00702-0000-00019- 02
UPID
US59-3047813
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L-1 · Fairfield, NJ
Zoning L-1 · permitted uses
L-1 · Fairfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$28.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.2M
COMMERCIAL (GENERAL)
Est. value
$28.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1986
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
4.59 ac
Current owner
From public records · entity-resolved
G&i X Ul & 1sf Nj Pool 11 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
575 5TH AVE FL #38, NEW YORK, NY 10017-2427
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2026
—
G&i X Ul & Isf Nj Pool II LLC
—
Deed
related
$76,300,000 · Webster Bank NA
Mar 21, 2023
$20,450,000
G&i X Ul & 1sf Nj Pool 11 LLC
Vk 116 Lehigh LLC
Deed
—
Aug 24, 2020
$13,500,000
Vk 116 Lehigh LLC
Rochester Drug Co-operative In
Grant Deed
—
Nov 5, 2018
—
Rochester Drug Co-operative In
—
Deed
related
—
Jul 11, 2012
—
Dct Fairfield Lehigh LLC
Svf New Jersey I LLC
Grant Deed
—
Apr 7, 2006
$9,000,000
Svf New Jersey I LLC
Hanover Hall
Grant Deed
—
—
—
Rochester Drug Co-operative In
—
Deed Of Trust
related
—
—
—
Rochester Drug Co-operative In
—
Deed Of Trust
related
—
—
—
Svf New Jersey I LLC
—
Deed Of Trust
related
$4,755,000 · Variable Annuity Life Ins 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.
Try Rey
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