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Property profile & analytics
OFF-MARKET
Estimated value
$11,520,000
Office buildings
1655 Vly Rd Wayne, NJ 07470-2044
Entity Owned
Absentee Owner
Free & Clear
Property ID
US59-3025348
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
159,139 SF
Lot
10.98 ac (478,289 SF)
Zoning code
OR
APN
14 03103-0000-00015
UPID
US59-3025348
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
-
Wayne Office Corporate Office
-
Second Home Day Habilitation Center Special Education School Rehabilitation Center
-
Wayne Solar Power Systems Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.14M
Blend (final)
Blend
$11.52M
Owner & transaction history
1655 Valley Rd LLC
1655 Valley Rd LLC
since 2025
7 recorded transactions
Zoning & alternative use
OR · Wayne, NJ
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$11,245,000
ML approach
$11,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.52M
Range $10.37M – $12.67M · ±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
$72 / 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
$282,700
Tax year 2022
Assessed value
$5,000,000
Assessed 2023
Previous assessed
$5,000,000
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$2,745,000
Assessed improvement
$2,255,000
Land market value
$2,745,000
Improvement market value
$2,255,000
Total market value
$5,000,000
Applied tax rate
14.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Total area
159,139 SF
Lot
10.98 ac (478,289 SF)
Zoning code
OR
APN
14 03103-0000-00015
UPID
US59-3025348
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Wayne, NJ
Zoning OR · permitted uses
OR · Wayne, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
10.98 ac
Current owner
From public records · entity-resolved
1655 Valley Rd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10265 NE TANASBOURNE DR, HILLSBORO, OR 97124-7834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
—
1655 Valley Rd LLC
William Paterson University
Deed
—
Dec 27, 2024
—
1655 Valley Rd LLC
—
Deed
related
$10,500,000 · Site Capital LLC
Feb 1, 2023
$10,850,000
Standard Insurance Company
1655 Valley Rd LLC
Assignment Of Lease (leasehold Sale)
$10,850,000 · Standard Insurance Company
Jan 26, 2011
$14,060
1655 Valley Apf LP
New Boston Prism Wayne LLC
Deed
—
Nov 20, 2001
$25,410,000
Ck Bergen Holdings LLC
Mbp/bre LLC
Grant Deed
related
—
Dec 30, 1988
$50,000
Assoc Fairlawn-mcbride
Unknown
Grant Deed
—
—
—
Ck Bergen Holdings LLC
—
Deed Of Trust
related
$13,000 · Gmac Commercial Mortgage Corp
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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