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Property profile & analytics
OFF-MARKET
Industrial properties
17 Stewart Pl Fairfield, NJ 07004-1632
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0622708
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
CONCRETE BLOCKS
Total area
40,260 SF
Lot
2 ac (87,120 SF)
Zoning code
L-2
APN
07 05502-0000-00027
UPID
US59-0622708
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
-
Allergen Free Bakers Llc Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gk II New Jersey LLC · 1 yrs held
Gk II New Jersey LLC
since 2024
Last sale
$147.5M
6 recorded transactions
Zoning & alternative use
L-2 · Fairfield, 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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$48,238
Tax year 2022
Assessed value
$2,408,300
Assessed 2023
Previous assessed
$2,408,300
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$652,800
Assessed improvement
$1,755,500
Land market value
$652,800
Improvement market value
$1,755,500
Total market value
$2,408,300
Applied tax rate
7.0000
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
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
40,260 SF
Lot
2 ac (87,120 SF)
Zoning code
L-2
APN
07 05502-0000-00027
UPID
US59-0622708
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L-2 · Fairfield, NJZoning L-2 · permitted uses
L-2 · Fairfield, NJ
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
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Gk II New Jersey LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
$147,500,000
Gk II New Jersey LLC
Breit Industrial Fairmeadows Prop O
Bargain & Sale Deed
$128,000,000 · American General Life Insurance Co
Nov 20, 2018
—
Breit Indl Fairmeadows Prop Ow
—
Grant Deed
related
$330,000,000 · Capital One NA
Jun 11, 2018
—
Breit Indl Fairmeadows Prop Ow
—
Grant Deed
related
$202,000,000 · Capital One NA
Dec 15, 2017
—
Breit Indl Fairmeadows Prop O
—
Grant Deed
related
$45,000,000 · Capital One NA
Sep 14, 2017
$3,658,000
Breit Indl Fairmeadows Prop Ow
Amb Ptrs II
Grant Deed
—
—
—
Breit Indl Fairmeadows Prop Ow
—
Deed Of Trust
related
—
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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