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Property profile & analytics
OFF-MARKET
Estimated value
$20,055,000
Commercial real estate
165 Fairfield Ave West Caldwell, NJ 07006-6414
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2090004
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Lot
6.01 ac (261,796 SF)
Zoning code
OP
APN
21 01200-0000-00002
UPID
US59-2090004
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
-
West Caldwell Care Center Retirement Community Nursing Home
-
NAVEEN REDDY ALLAM Physician
-
Complete Care at West Caldwell Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.06M
Owner & transaction history
West Caldwell PC Propco LLC · 2 yrs held
West Caldwell PC Propco LLC
since 2023
Last sale
$20.1M
3 recorded transactions
Zoning & alternative use
OP · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
D RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. § 20-14.2 Permitted Accessory Uses. § 20-14.3 Conditional Uses. § 20-14.4 Prohibited Uses. § 20-14.5 Height, Area, Bulk and Other Requirements. § 20-15 OP OFFICE AND PROFESSIONAL BUILDING DISTRICT. § 20-15.1 Permitted Principal Uses. § 20-15.2 Permitted Accessory Uses. § 20-15.3 Conditional…
Zone name
Office And Professional Building
General category
INDUSTRIAL
Zone area
74.42 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$377,436
Tax year 2022
Assessed value
$14,200,000
Assessed 2023
Previous assessed
$14,200,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$7,695,000
Assessed improvement
$6,505,000
Land market value
$7,695,000
Improvement market value
$6,505,000
Total market value
$14,200,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
NONE
Units
1
Lot
6.01 ac (261,796 SF)
Zoning code
OP
APN
21 01200-0000-00002
UPID
US59-2090004
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OP · West Caldwell, NJZoning OP · permitted uses
OP · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
D RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. § 20-14.2 Permitted Accessory Uses. § 20-14.3 Conditional Uses. § 20-14.4 Prohibited Uses. § 20-14.5 Height, Area, Bulk and Other Requirements. § 20-15 OP OFFICE AND PROFESSIONAL BUILDING DISTRICT. § 20-15.1 Permitted Principal Uses. § 20-15.2 Permitted Accessory Uses. § 20-15.3 Conditional Uses. § 20-15.4 Prohibited Uses. § 20-15.5 Height, Area, Bulk and Other Requiremen
Zone name
Office And Professional Building
General category
INDUSTRIAL
Zone area
74.42 ac
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Units
1
Lot
6.01 ac
Current owner
From public records · entity-resolved
West Caldwell PC Propco LLC
Entity
Mailing address
1730 RTE 37TH W, TOMS RIVER, NJ 08757-2345
Ownership since
2023
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
Nov 9, 2023
$20,078,400
West Caldwell PC Propco LLC
Essex Residential Care LLC
Bargain And Sale Deed
$48,770,000 · Lakeview PC Propco LLC
Jul 5, 2019
$24,523,900
Essex Residl Care LLC
Eagle Rock Convalescent Ctr In
Grant Deed
—
—
—
Eagle Rock Convalescent Ctr In
—
Deed Of Trust
related
$10,000 · Columbia 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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