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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Industrial properties
117 Herman St East Rutherford, NJ 07073-1218
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2310412
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
CONCRETE BLOCKS
Total area
15,376 SF
Lot
0.28 ac (12,001 SF)
APN
12 00033-0000-00001
UPID
US59-2310412
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
-
Designer Collections Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Quality Millworks LLC General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
117 Herman Nj LLC · 3 yrs held
117 Herman Nj LLC
since 2023
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 East Rutherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Rutherford 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$108 / 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
$23,747
Tax year 2022
Assessed value
$1,889,900
Assessed 2023
Previous assessed
$1,889,900
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$391,700
Assessed improvement
$1,498,200
Land market value
$391,700
Improvement market value
$1,498,200
Total market value
$1,889,900
Applied tax rate
12.0000
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
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
15,376 SF
Lot
0.28 ac (12,001 SF)
APN
12 00033-0000-00001
UPID
US59-2310412
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
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
117 Herman Nj LLC
Entity
Mailing address
58 LAURA DR, AIRMONT, NY 10952-3822
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
55 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
$2,000,000
117 Herman Nj LLC
117 Herman Street LLC
Deed
related
$1,679,000 · City National Bank
Aug 26, 2019
—
117 Herman Street LLC
Scheffler,ida
Grant Deed
—
Dec 13, 2005
$320,000
Kim Hyun Rim
Lee,dong
Grant Deed
—
—
—
Frederick H Hecht
—
Deed Of Trust
related
$237,800 · Fleet National Bank
—
—
Louis Benevento
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
—
—
Rita S Kim
—
Deed Of Trust
related
$90,800 · Fleet National Bank
—
—
Xiaodai Duan
—
Deed Of Trust
related
$225,000 · J P Morgan Chase Bank
—
—
Genady Berelenis
—
Deed Of Trust
related
$90,000 · H & R Block Mortgage Co LLC
—
—
Carol Ceballos
—
Deed Of Trust
related
$100,000 · American Mortgage Network INC
—
—
Ellen J Kang
—
Deed Of Trust
related
$208,000 · Coldwell Banker Mortgage
—
—
Jin Hwa Shin
—
Deed Of Trust
related
$80,836 · Pnc Bank
—
—
Jean Jung
—
Deed Of Trust
related
$220,000 · Hsbc Mortgage Corp (usa)
—
—
Chi W Choi
—
Deed Of Trust
related
$91,711 · Countrywide Home Loans INC
—
—
Frederick H Hecht
—
Deed Of Trust
related
$150,000 · Interchange Bank
—
—
Tawanda Jackson
—
Deed Of Trust
related
$157,500 · Countrywide Home Loans INC
—
—
Stanislaw Goracy
—
Deed Of Trust
related
$282,400 · World Savings
—
—
Vishal Dhadda
—
Deed Of Trust
related
$45,000 · Countrywide Home Loans INC
—
—
Felix O Valverde
—
Deed Of Trust
related
$142,660 · Cendant Mortgage Corp
—
—
Stephanie Fishman
—
Deed Of Trust
related
$30,000 · World Savings
—
—
Michael Drugov
—
Deed Of Trust
related
$275,000 · Gfi Mortgage INC
—
—
Steven Demercado
—
Deed Of Trust
related
$186,400 · J P Morgan Chase Bank
—
—
Ranga Krishna
—
Deed Of Trust
related
$116,123 · Merrill Lynch Credit Corp
—
—
Kumto Chang
—
Deed Of Trust
related
$51,700 · Fleet National Bank
—
—
Julie Hon
—
Deed Of Trust
related
$191,200 · Chase Manhattan Mortgage Corp
—
—
Veenu Teneja
—
Deed Of Trust
related
$33,700 · J P Morgan Chase Bank
—
—
James K Jeon
—
Deed Of Trust
related
$255,000 · Sullivan Financial
—
—
Galina Vaysman
—
Deed Of Trust
related
$48,000 · Hudson City Savings Bank
—
—
Judith C Hong
—
Deed Of Trust
related
$70,000 · Bank Of America
—
—
Bridget C Cuevas
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
—
—
Eileen Gates
—
Deed Of Trust
related
$65,000 · Countrywide Bank
—
—
Shawn H Cha
—
Deed Of Trust
related
$40,900 · Fleet National Bank
—
—
Silvia S Sourek
—
Deed Of Trust
related
$175,000 · Provident Savings Bank
—
—
Igor Svishch
—
Deed Of Trust
related
$76,000 · J P Morgan Chase Bank
—
—
Susan Sau Keung Yam
—
Deed Of Trust
related
$220,000 · Hsbc Mortgage Corp (usa)
—
—
Gene W Frants
—
Deed Of Trust
related
$240,000 · Freedom Mortgage
—
—
Beom-kyu Tak
—
Deed Of Trust
related
$184,694 · Countrywide Home Loans INC
—
—
Michael Liberant
—
Deed Of Trust
related
$25,800 · Ctx Mortgage Co
—
—
Vasyly Anossova
—
Deed Of Trust
related
$230,700 · Washington Mutual Fsb
—
—
Stanislaw Goracy
—
Deed Of Trust
related
$34,100 · World Savings
—
—
Joao Gomes
—
Deed Of Trust
related
$20,000 · Washington Mutual Fsb
—
—
Keisonda Mcclendon
—
Deed Of Trust
related
$20,000 · Citibank Fsb
—
—
Veenu Taneja
—
Deed Of Trust
related
$269,600 · J P Morgan Chase Bank
—
—
Richard A Bolenis
—
Deed Of Trust
related
$50,000 · Citibank Fsb
—
—
Vito C Magdelinskas
—
Deed Of Trust
related
$124,764 · Bank Of America
—
—
Byung C An
—
Deed Of Trust
related
$70,000 · Fleet National Bank
—
—
Jung Min Kim
—
Deed Of Trust
related
$125,000 · Just Mortgages INC
—
—
Russell C Lu
—
Deed Of Trust
related
$221,600 · America's Wholesale Lender
—
—
Galina Vaysmar
—
Deed Of Trust
related
$71,610 · Wells Fargo Bank
—
—
Massimo Fantechi
—
Deed Of Trust
related
$168,000 · Washington Mutual Fsb
—
—
Mark Pillera
—
Deed Of Trust
related
$98,000 · Wachovia Mortgage Co
—
—
Byung Lee
—
Deed Of Trust
related
$232,900 · Bank Of America
—
—
Yuan M Fang
—
Deed Of Trust
related
$150,000 · Washington Mutual Fsb
—
—
Arzu Uranli
—
Deed Of Trust
related
$112,000 · Wachovia Bank NA
—
—
Scott J Kim
—
Deed Of Trust
related
$88,000 · First Horizon Home Loan Corp
—
—
Seung Gil Lee
—
Deed Of Trust
related
$43,050 · World Savings
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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