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Property profile & analytics
OFF-MARKET
Estimated value
$20,160,000
Industrial properties
14 Henderson Dr West Caldwell, NJ 07006-6608
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US59-0996651
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
147,540 SF
Lot
15.72 ac (684,589 SF)
Zoning code
M-2
APN
21 01500-0000-00009
UPID
US59-0996651
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
-
Be Bottle Company, LLC Industrial Manufacturer Production Facility
-
Corporate Communications Group Advertising Agency Marketing & Advertising
-
JSS Promo Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.16M
Owner & transaction history
Cmi Essex Property LLC · 16 yrs held
Cmi Essex Property LLC
since 2010
5 recorded transactions
Zoning & alternative use
M-2 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-2 LIMITED INDUSTRY AND RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. [ Ord. No. 890 § 20-14.1] a. Offices for executive, professional, scientific, engineering or administrative purposes; and b. Scientific, engineering or research laboratories devoted to research, design or processing and fabricating incidental thereto; and limited indus…
Zone name
Limited Industry Office Building And Research Laboratory
General category
INDUSTRIAL
Zone area
233.78 ac
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 West Caldwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Caldwell 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%
$28,180,000
6.5%
$26,010,000
7%
$24,150,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$33,325,000
Current use
OFFICE BUILDING
$30,970,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$20.16M
Range $18.14M – $22.18M · ±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
$137 / 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
$518,310
Tax year 2022
Assessed value
$19,500,000
Assessed 2023
Previous assessed
$19,500,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$5,223,600
Assessed improvement
$14,276,400
Land market value
$5,223,600
Improvement market value
$14,276,400
Total market value
$19,500,000
Applied tax rate
21.0000
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
1974
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
147,540 SF
Lot
15.72 ac (684,589 SF)
Zoning code
M-2
APN
21 01500-0000-00009
UPID
US59-0996651
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-2 · West Caldwell, NJZoning M-2 · permitted uses
M-2 · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-2 LIMITED INDUSTRY AND RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. [ Ord. No. 890 § 20-14.1] a. Offices for executive, professional, scientific, engineering or administrative purposes; and b. Scientific, engineering or research laboratories devoted to research, design or processing and fabricating incidental thereto; and limited industry.
Zone name
Limited Industry Office Building And Research Laboratory
General category
INDUSTRIAL
Zone area
233.78 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$33.3M
OFFICE BUILDING
Est. value
$31.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1974
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
15.72 ac
Current owner
From public records · entity-resolved
Cmi Essex Property LLC
Entity
Mailing address
14 HENDERSON DR, WEST CALDWELL, NJ 07006-6608
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2017
—
Cmi Essex Property LLC
—
Deed
related
$3,700,000 · Jp Morgan Chase Bk
Oct 7, 2016
—
Cmi Essex Property LLC
—
Deed
related
$8,000,000 · Jp Morgan Chase Bk
Jun 17, 2010
—
Cmi Essex Property LLC
Pinkin,james E & Lois M
Grant Deed
—
—
—
Cmi Essex Property LLC
—
Deed Of Trust
related
$3,700,000 · Jp Morgan Chase Bk
—
—
Cmi Essex Property LLC
—
Deed Of Trust
related
$8,000,000 · Jp Morgan Chase Bk
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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