Back to Search
Property profile & analytics
FOR LEASE
Industrial properties
140 Kero Rd Carlstadt, NJ 07072
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3165597
For Lease
1 / 11
$20,655,000
140 Kero Rd, Carlstadt, NJ 07072
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
82,050 SF
Lot
4.06 ac (176,854 SF)
APN
05 00126-0000-00031-0000-HM
UPID
US59-3165597
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
-
Orchard Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.17M
Comparable Approach
Comparable
$21.33M
Blend (final)
Blend
$20.66M
Owner & transaction history
140 Equities LLC · 4 yrs held
140 Equities LLC
since 2021
Last sale
$23.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$27.0M
+30.6%
Commercial (general)
$24.0M
+16.4%
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 Carlstadt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlstadt 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%
$15,350,000
6.5%
$14,170,000
7%
$13,155,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$26,955,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$24,020,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$19,820,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$20.66M
Range $18.59M – $22.72M · ±10% · vs last sale $23.77M (Nov 17 2021)
Last sale anchor
$23.77M
Nov 17 2021
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
$252 / 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
$170,076
Tax year 2022
Assessed value
$11,594,600
Assessed 2023
Previous assessed
$11,594,600
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,233,000
Assessed improvement
$9,361,600
Land market value
$2,233,000
Improvement market value
$9,361,600
Total market value
$11,594,600
Applied tax rate
5.0000
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
For Lease
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
82,050 SF
Lot
4.06 ac (176,854 SF)
APN
05 00126-0000-00031-0000-HM
UPID
US59-3165597
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.0M
COMMERCIAL (GENERAL)
Est. value
$24.0M
OFFICE BUILDING
Est. value
$19.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
140 Equities LLC
Entity
Mailing address
250 VESEY ST FL, NEW YORK, NY 10281-1052
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 17, 2021
$23,767,290
140 Equities LLC
Adlj LLC
Deed
—
Jul 13, 2021
$1,812,061
Adlj LLC
Lion Realty LLC
Bargain And Sale Deed
$3,624,123 · Genworth Life Insurance Company
Aug 19, 2005
$6,970,000
Lion Realty LLC
South Pole Company LLC
Grant Deed
$5,227,000 · Ge Capital Assurance Co
—
—
Lion Realty LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Ins Co
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?”
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.
