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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Office buildings
19-21 Fair Lawn Ave, Fair Lawn, NJ 07410-2331
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1945892
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
20,493 SF
Lot
0.92 ac (40,075 SF)
APN
17 04701-0000-00007
UPID
US59-1945892
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
-
Fairlawn Periodontics & Dental Implants Dental Office
-
Apple Dentistry Dental Office
-
Fair Lawn Spine & Pt Care Llc Physician
-
Mijung J. Song, DPT Physician
-
Aesthetic Plastic Surgery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.15M
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$4.29M
Owner & transaction history
Fair Lawn Medical Arts Building LLC · 2 yrs held
Fair Lawn Medical Arts Building LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.7M
+36.0%
Commercial (general)
$6.0M
+21.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,575,000
6.5%
$5,145,000
7%
$4,780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,950,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,730,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,000,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,590,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±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
$209 / 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
$120,855
Tax year 2022
Assessed value
$3,500,000
Assessed 2023
Previous assessed
$3,500,000
+0.0% YoY
Effective rate
3.45%
On assessed value
Assessed land
$1,958,400
Assessed improvement
$1,541,600
Land market value
$1,958,400
Improvement market value
$1,541,600
Total market value
$3,500,000
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 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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Units
1
Total area
20,493 SF
Lot
0.92 ac (40,075 SF)
APN
17 04701-0000-00007
UPID
US59-1945892
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
OFFICE BUILDING Current
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1987
Heating
NONE
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Fair Lawn Medical Arts Building LLC
Entity
Mailing address
6 PROSPECT ST STE 2A, MIDLAND PARK, NJ 07432-1606
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Fair Lawn Medical Arts Building LLC
Academy Spine Realty LLC
Deed
$2,200,000 · Spencer Savings Bank Sla
Jan 6, 2016
$869,000
Academy Spine Realty LLC
Fair Lawn Med Arts Building Ll
Grant Deed
—
Dec 3, 2015
—
Fair Lawn Medical Arts Condo
Fair Lawn Medical Arts Condo
Quit Claim Deed
related
—
—
—
Fair Lawn Medical Arts Buildin
—
Deed Of Trust
related
$3,500,000 · 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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