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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Industrial properties
20 Bushes Ln Elmwood Park, NJ 07407-3204
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1402960
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
15,200 SF
Lot
0.66 ac (28,876 SF)
Zoning code
CO
APN
11 01106-0000-00013
UPID
US59-1402960
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
-
Straval Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.93M
Owner & transaction history
Lakeland Bank · 4 yrs held
Lakeland Bank
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CO · Elmwood Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+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 Elmwood Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood Park 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
$3,275,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
$2,845,000
6.5%
$2,625,000
7%
$2,435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,405,000
Current use
OFFICE BUILDING
$3,670,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $2.95M (Mar 30 2022)
Last sale anchor
$2.95M
Mar 30 2022
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
$192 / 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
$34,728
Tax year 2022
Assessed value
$1,153,000
Assessed 2023
Previous assessed
$1,153,000
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$339,900
Assessed improvement
$813,100
Land market value
$339,900
Improvement market value
$813,100
Total market value
$1,153,000
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
15,200 SF
Lot
0.66 ac (28,876 SF)
Zoning code
CO
APN
11 01106-0000-00013
UPID
US59-1402960
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CO · Elmwood Park, NJ
Zoning CO · permitted uses
CO · Elmwood Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmwood Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.7M
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Lakeland Bank
Entity
Free & Clear · 4 yrs held
Mailing address
335 MULBERRY CT, WYCKOFF, NJ 07481-1050
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
—
Lakeland Bank
20 Bushes Lane LLC
Re-recorded Document
related
—
Mar 30, 2022
$2,950,000
20 Bushes Prop LLC
20 Bushes Lane LLC
Deed
$2,212,500 · Lakeland Bank
Mar 14, 2022
—
20 Bushes Lane LLC
8 Bushes Lane LLC
Deed
related
—
Aug 7, 2017
—
Rn Foster Associates LLC
—
Deed
related
$1,000,000 · Spencer Svgs Bk
Jul 3, 2017
$2,050,000
20 Bushes Lane LLC
Rn Foster Associates LLC
Grant Deed
$1,500,000 · Lakeland Bk
Jan 6, 2009
$2,050,000
Rn Foster Associates LLC
Interstate Realy
Grant Deed
$2,200,000 · Capital One
Feb 9, 2005
$1
Murray Berrie
Berrie,russell
Grant Deed
related
—
—
—
Rn Foster Associates LLC
—
Deed Of Trust
related
$1,300 · Capital One
—
—
R N Foster Associates LLC
—
Deed Of Trust
related
$2,800,000 · Spencer Svgs Bk
—
—
Rn Foster Associates LLC
—
Loan Modification
related
$1,000,000 · Spencer Svgs Bk
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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