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Property profile & analytics
OFF-MARKET
Estimated value
$5,115,000
Commercial real estate
158 Market St 168 Paterson, NJ 07505-1702
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0851365
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
26,357 SF
Lot
0.4 ac (17,250 SF)
Zoning code
B-4
APN
08 06203-0000-00003
UPID
US59-0851365
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
-
Star Optical Physician
-
Eye Care Placements Inc Ophthalmologist (Bike/Boat/Book/etc) Store
-
Dr. Lawrence Shapiro Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$6.58M
Blend (final)
Blend
$5.12M
Owner & transaction history
160 Market Street Equities LLC · 17 yrs held
160 Market Street Equities LLC
since 2008
3 recorded transactions
Zoning & alternative use
B-4 · Paterson, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+6.2%
Industrial (general)
$4.9M
+6.2%
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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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%
$5,800,000
6.5%
$5,350,000
7%
$4,970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,570,000
Current use
OFFICE BUILDING
$4,855,000
Change: +6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,855,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$5.12M
Range $4.60M – $5.63M · ±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
$194 / 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
$249,735
Tax year 2022
Assessed value
$5,379,900
Assessed 2023
Previous assessed
$5,379,900
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$842,000
Assessed improvement
$4,537,900
Land market value
$842,000
Improvement market value
$4,537,900
Total market value
$5,379,900
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
2
Total area
26,357 SF
Lot
0.4 ac (17,250 SF)
Zoning code
B-4
APN
08 06203-0000-00003
UPID
US59-0851365
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-4 · Paterson, NJ
Zoning B-4 · permitted uses
B-4 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
BRICK
Heating
NONE
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
160 Market Street Equities LLC
Entity
Free & Clear · 17 yrs held
Mailing address
3110 37TH AVE STE #500, LONG ISLAND CITY, NY 11101-2112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Oct 14, 2008
—
160 Market Street Equities LLC
160 Market Street Assocs
Quit Claim Deed
related
—
Sep 30, 2008
—
160 Market Street Associates
160 Market Street Associates
Quit Claim Deed
related
—
—
—
160 Market Street Equities LLC
—
Deed Of Trust
related
$2,900,000 · Kearny Fsb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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