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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Industrial properties
131 Jefferson St Passaic, NJ 07055
Entity Owned
33-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1789938
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
BRICK
Lot
8.22 ac (358,063 SF)
Zoning code
M-2
APN
07 01076-0000-00001
UPID
US59-1789938
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
220 Passaic Street Assoc Corp · 33 yrs held
220 Passaic Street Assoc Corp
since 1993
3 recorded transactions
Zoning & alternative use
M-2 · Passaic, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-2 and R-1A, solid fences up to six feet in height may be erected to enclose a vacant lot, provided that the exterior side of such fence is properly finished and kept free of graffiti or advertising. In the C, M-1 and M-2 Zones, open fences up to eight feet in height shall be permitted. COMMON ZONING TOPICS Minimum Parking Dimensions Signage and Awnings Gen…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
157.29 ac
Source
Passaic Zoning Guide
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 Passaic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Passaic 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$156,737
Tax year 2023
Assessed value
$3,914,500
Assessed 2024
Previous assessed
$3,914,500
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$2,785,500
Assessed improvement
$1,129,000
Land market value
$2,785,500
Improvement market value
$1,129,000
Total market value
$3,914,500
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
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
1900
Construction
BRICK
Heating
NONE
Stories
2
Lot
8.22 ac (358,063 SF)
Zoning code
M-2
APN
07 01076-0000-00001
UPID
US59-1789938
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Passaic, NJZoning M-2 · permitted uses
M-2 · Passaic, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-2 and R-1A, solid fences up to six feet in height may be erected to enclose a vacant lot, provided that the exterior side of such fence is properly finished and kept free of graffiti or advertising. In the C, M-1 and M-2 Zones, open fences up to eight feet in height shall be permitted. COMMON ZONING TOPICS Minimum Parking Dimensions Signage and Awnings General Rules for All Zones • Max sign height: 16 feet (including support structure)
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
157.29 ac
Source
Passaic Zoning Guide
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
NONE
Stories
2
Lot
8.22 ac
Current owner
From public records · entity-resolved
220 Passaic Street Assoc Corp
Entity
Mailing address
220 PASSAIC ST, PASSAIC, NJ 07055-6460
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
220 Passaic Street Associates Corp
—
Deed
related
$300,000 · North Jersey FCU
Jul 23, 2018
—
220 Passic Street Associates Corp
—
Deed
related
$218,000 · North Jersey FCU
Feb 23, 1993
$1,500,000
220 Passaic Street Assoc Corp
Unknown
Grant Deed
—
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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