151 Sherman Ave 167 Paterson, NJ 07502-1707
Entity Owned
1-yr Hold
Free & Clear
Estimated value (blended)
$4.88M
Range $4.39M – $5.37M (±10%)
Property ID
US59-1439033
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
40,397 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R-3
APN
08 01013-0000-00010
UPID
US59-1439033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$2.98M
Blend (final)
Blend
$4.88M
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
R-3 · Paterson, NJ
Zoning description
C. R‐3 High Medium Density Residential District: The R‐3 High Medium Density Residential District is designed to permit more intensive residential use of land than permitted in the R‐1 and R‐2 Districts, with various typ…
General category
RESIDENTIAL
Top alternative use upside
Commercial (general)
$7.5M
+1.0%
Office building
$7.4M
+0.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.88M
Value range
$4.39M – $5.37M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
High
10 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
100
$4.39M
blend $4.88M
$5.37M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
40,397 SF
Lot area
2.3 ac
Stories
2
APN
08 01013-0000-00010
Assessed value
$2,807,300
Annual tax
$130,315
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$6.10M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.4 mi away · 39,788 SF
9.5 mi away · 30,264 SF
11.0 mi away · 38,480 SF
13.7 mi away · 30,447 SF
16.0 mi away · 34,650 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 83 sales
$184
-34%
County 139 sales
$173
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+1%
vs current-use indication
Office Building
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.81M
Move the market yield to see immediate price impact.
Value / SF
$69
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$177k
$3.54M
$2.53M
$1.97M
$197k
$3.93M
$2.81M
$2.18M
$216k
$4.32M
$3.09M
$2.40M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$11.10M
6.5 mi · Jan 2026 · $228/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$130,315
Tax year 2022
Assessed value
$2,807,300
Assessed 2023
Previous assessed
$2,807,300
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$464,800
Assessed improvement
$2,342,500
Land market value
$464,800
Improvement market value
$2,342,500
Total market value
$2,807,300
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
2
Total area
40,397 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R-3
APN
08 01013-0000-00010
UPID
US59-1439033
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Paterson, NJZoning R-3 · permitted uses
R-3 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
C. R‐3 High Medium Density Residential District: The R‐3 High Medium Density Residential District is designed to permit more intensive residential use of land than permitted in the R‐1 and R‐2 Districts, with various typ…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Lot
2.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R-3
RESIDENTIAL
Jurisdiction
Paterson, NJ
Recorded code
R-3
Official district
R-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Paterson, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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