New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,160,000
Industrial properties
1227 Central Ave, Hillside, NJ 07205-2613
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US59-1785354
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Construction
BRICK
Total area
99,999 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LI
APN
07 01209-0000-00005
UPID
US59-1785354
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
by Request
Comparable Approach
Comparable
$11.13M
Blend (final)
Blend
$8.16M
Owner & transaction history
Leslie Satz · 29 yrs held
Leslie Satz
since 1996
7 recorded transactions
Zoning & alternative use
LI · Hillside, NJ
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 Hillside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillside 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.16M
Range $7.34M – $8.98M · ±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
$82 / 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
$67,085
Tax year 2022
Assessed value
$845,000
Assessed 2023
Previous assessed
$845,000
+0.0% YoY
Effective rate
7.94%
On assessed value
Assessed land
$295,200
Assessed improvement
$549,800
Land market value
$295,200
Improvement market value
$549,800
Total market value
$845,000
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 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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1948
Construction
BRICK
Heating
NONE
Stories
1
Total area
99,999 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LI
APN
07 01209-0000-00005
UPID
US59-1785354
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Hillside, NJ
Zoning LI · permitted uses
LI · Hillside, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
BRICK
Heating
NONE
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Leslie Satz
Individual
Mailing address
1227 CENTRAL AVE, HILLSIDE, NJ 07205-2613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
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
Feb 5, 2026
—
R & L Realty Associates LLC
—
Deed
related
$6,000,000 · Fulton Bank NA
Apr 3, 2017
—
R & L Realty Associates LLC
—
Deed
related
$1,720,000 · Fulton Bk/nj
Feb 8, 2017
—
Family Property Investments Ll
—
Deed
related
$1,464,000 · Fulton Bk
Jan 3, 2006
—
R & L Realty Associates LLC
—
Deed Of Trust
related
$5,000,000 · Sterling National Bank
Nov 1, 1996
$325,000
Leslie Satz
Auth Nj
Grant Deed
—
—
—
R & L Associates
—
Deed Of Trust
related
$1,500,000 · Valley National Bank
—
—
R & L Realty Associates LLC
—
Deed Of Trust
related
$980,000 · Sterling National Bank
—
—
Family Property Investments Ll
—
Deed Of Trust
related
$1,464,000 · Fulton Bk
—
—
R & L Realty Associates LLC
—
Deed Of Trust
related
$1,720,000 · Fulton Bk/nj
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 1227 Central Ave?
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.
