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Property profile & analytics
OFF-MARKET
Estimated value
$10,270,000
Industrial properties
16-00 Pollitt Dr Fair Lawn, NJ 07410-2764
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0601339
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1955
Total area
86,261 SF
Lot
4.99 ac (217,582 SF)
APN
17 04804-0000-00005
UPID
US59-0601339
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
-
Silk Road Wholesaler & Distributors Big Box & Wholesale Store
-
United Assurance Insurance Agency
-
Perna Agency Insurance Agency
-
Kiddie Academy Fair Lawn Daycare Center
-
Lincoln Life & Annunity Co-Ny Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.27M
Owner & transaction history
Pollitt Dr Ventures LLC · 14 yrs held
Pollitt Dr Ventures LLC
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fair Lawn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fair Lawn 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$226,127
Tax year 2023
Assessed value
$6,470,000
Assessed 2024
Previous assessed
$6,470,000
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$3,929,600
Assessed improvement
$2,540,400
Land market value
$3,929,600
Improvement market value
$2,540,400
Total market value
$6,470,000
Applied tax rate
17.0000
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
1955
Heating
NONE
Stories
1
Units
1
Total area
86,261 SF
Lot
4.99 ac (217,582 SF)
APN
17 04804-0000-00005
UPID
US59-0601339
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
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Units
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
Pollitt Dr Ventures LLC
Entity
Free & Clear · 14 yrs held
Mailing address
495 MOLA BLVD, ELMWOOD PARK, NJ 07407-2041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Apr 19, 2021
—
Pollitt Drive Ventures LLC
—
Deed
related
$2,000,000 · Lakeland Bank
Aug 4, 2011
—
Pollitt Dr Ventures LLC
Utpf Fair Lawn Holdings LLC
Grant Deed
related
—
Oct 19, 2004
$11,250,000
Utpf Fairlawn Holdings LLC
Polevoy Associates
Grant Deed
related
$6,000,000 · Allstate Life Insurance Co
—
—
Pollit Drive Ventures LLC
—
Deed Of Trust
related
$2,800,000 · Union Center National Bank
—
—
Pollitt Drive Ventures LLC
—
Deed Of Trust
related
$2,800,000 · Union Center National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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