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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Industrial properties
119 Ss Ave Garwood, NJ 07027-1339
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-3133079
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1939
Construction
CONCRETE BLOCKS
Total area
7,780 SF
Lot
0.46 ac (19,998 SF)
APN
06 00503-0000-00009
UPID
US59-3133079
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
-
Cause 4 Paws Pet Adoption Service Animal Shelter
-
Pet Supplies Plus Garwood (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$1.22M
Owner & transaction history
Garwood 06 LLC · 19 yrs held
Garwood 06 LLC
since 2006
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+43.5%
Office building
$1.6M
+17.7%
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 Garwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garwood 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,345,000
Current use
COMMERCIAL (GENERAL)
$1,930,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$1,585,000
Change: +18% · Conversion: Difficult
RESTAURANT
$1,240,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10%
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
$156 / 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
$36,293
Tax year 2022
Assessed value
$1,378,900
Assessed 2023
Previous assessed
$1,378,900
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$700,000
Assessed improvement
$678,900
Land market value
$700,000
Improvement market value
$678,900
Total market value
$1,378,900
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1939
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
7,780 SF
Lot
0.46 ac (19,998 SF)
APN
06 00503-0000-00009
UPID
US59-3133079
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA 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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1939
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Garwood 06 LLC
Entity
Mailing address
21 MAIN ST #647, HACKENSACK, NJ 07601-7054
Ownership since
2006
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
Jul 28, 2006
$1,044,750
Garwood 06 LLC
Lumer Associates LLC
Grant Deed
$780,000 · Helene Wolloch
—
—
Garwood 06 LLC
—
Deed Of Trust
related
$787,500 · Oritani Savings Bank
—
—
Garwood 06 LLC
—
Loan Modification
related
$787,500 · Oritani Bk
—
—
Garwood 06 LLC
—
Deed Of Trust
related
$733,661 · Oritani 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.
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