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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Industrial properties
199-201 Randolph St 201 Passaic, NJ 07055-2617
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1384074
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
21,190 SF
Lot
1.18 ac (51,401 SF)
Zoning code
U
APN
07 03270-0000-00029
UPID
US59-1384074
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
by Request
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$3.01M
Owner & transaction history
New Jersey Dept Enviromental P · 13 yrs held
New Jersey Dept Enviromental P
since 2012
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
U · Passaic, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Passaic Zoning Guide
Top alternative use upside
Commercial (general)
$4.0M
+10.4%
Office building
$3.9M
+6.7%
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 Passaic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Passaic 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%
$3,965,000
6.5%
$3,660,000
7%
$3,400,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,655,000
Current use
COMMERCIAL (GENERAL)
$4,035,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,900,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±10% · vs last sale $3.00M (Dec 19 2024)
Last sale anchor
$3.00M
Dec 19 2024
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
$142 / 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
$31,519
Tax year 2022
Assessed value
$811,500
Assessed 2023
Previous assessed
$811,500
+0.0% YoY
Effective rate
3.88%
On assessed value
Assessed land
$484,700
Assessed improvement
$326,800
Land market value
$484,700
Improvement market value
$326,800
Total market value
$811,500
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
1980
Heating
NONE
Total area
21,190 SF
Lot
1.18 ac (51,401 SF)
Zoning code
U
APN
07 03270-0000-00029
UPID
US59-1384074
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
U · Passaic, NJZoning U · permitted uses
U · Passaic, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Passaic Zoning Guide
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1980
Heating
NONE
Lot
1.18 ac
Current owner
From public records · entity-resolved
New Jersey Dept Enviromental P
Entity
Free & Clear · 13 yrs held
Mailing address
18 HOWE AVE, PASSAIC, NJ 07055
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Dec 19, 2012
—
New Jersey Dept Enviromental P
Julie Richard LLC
Grant Deed
related
—
Dec 23, 2002
—
Julie Richard LLC
—
Deed Of Trust
related
$1,200,000 · Provident Savings Bank
—
—
Julie Richard LLC
—
Deed Of Trust
related
$900,000 · Spencer Savings Bank Sla
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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