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Property profile & analytics
FOR LEASE
Industrial properties
170 Williams Dr, Ramsey, NJ 07446
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0039347
For Lease
$5,465,000
170 Williams Dr, Ramsey, NJ 07446
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
CONCRETE BLOCKS
Total area
37,374 SF
Lot
4.15 ac (180,774 SF)
APN
48 03901-0000-00011
UPID
US59-0039347
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.70M
CAP Approach
CAP
$6.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.47M
Owner & transaction history
170 Williams Drive LLC · 4 yrs held
170 Williams Drive LLC
since 2021
Last sale
$4.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.0M
+7.9%
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 Ramsey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramsey 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
$5,790,000
ML approach
$5,695,000
CAP Approach
CAP Return
Estimation
6%
$6,990,000
6.5%
$6,455,000
7%
$5,995,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,370,000
Current use
OFFICE BUILDING
$9,030,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.47M
Range $4.92M – $6.01M · ±10% · vs last sale $4.70M (Nov 5 2021)
Last sale anchor
$4.70M
Nov 5 2021
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
$146 / 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
$118,035
Tax year 2022
Assessed value
$4,500,000
Assessed 2023
Previous assessed
$4,500,000
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$2,387,500
Assessed improvement
$2,112,500
Land market value
$2,387,500
Improvement market value
$2,112,500
Total market value
$4,500,000
Applied tax rate
48.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
37,374 SF
Lot
4.15 ac (180,774 SF)
APN
48 03901-0000-00011
UPID
US59-0039347
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.4M
OFFICE BUILDING
Est. value
$9.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
Year built
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
170 Williams Drive LLC
Entity
Mailing address
21 GRV ST #107, POMONA, NY 10970
Ownership since
2021
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 5, 2021
$4,700,000
170 Williams Drive LLC
Ramsey Property LLC
Deed
$3,995,000 · Bnb Bank NA
Jul 30, 2014
—
Ramsey Property LLC
Embassy Group LLC
Quit Claim Deed
$2,737,500 · Country Bank
Nov 9, 2007
$6,500,000
Kb Williams Dr LLC
Are-170 Willimas Drive LLC
Grant Deed
$5,126,000 · Country 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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