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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Industrial properties
20 Commerce Dr Allendale, NJ 07401-1638
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US59-1046022
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
29,088 SF
Lot
3.03 ac (131,769 SF)
Zoning code
EM
APN
01 00601-0000-00003- 01
UPID
US59-1046022
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
-
Pro-Tech Solutions, LLC Factory Industrial Manufacturer
-
Control Associates, Inc. HVAC Service General Contractor
-
Continua Consultant Software Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$4.68M
Owner & transaction history
Control Associates INC · 28 yrs held
Control Associates INC
since 1997
7 recorded transactions
Zoning & alternative use
EM · Allendale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
EM Mixed Industrial and Low- and Moderate-Income Multiple Dwelling Zone District § 270-97 Definitions. § 270-98 Primary intended uses and area of application. § 270-99 Prohibited uses. § 270-100 District regulations. § 270-101 Low- and moderate-income housing requirements.
Zone name
Industrial And Multiple Dwelling
General category
INDUSTRIAL
Zone area
52.95 ac
Top alternative use upside
Office building
$7.0M
+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 Allendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allendale 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%
$5,440,000
6.5%
$5,025,000
7%
$4,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,515,000
Current use
OFFICE BUILDING
$7,025,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$4.68M
Range $4.21M – $5.14M · ±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
$161 / 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
$140,056
Tax year 2022
Assessed value
$6,724,200
Assessed 2023
Previous assessed
$6,724,200
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$1,149,500
Assessed improvement
$5,574,700
Land market value
$1,149,500
Improvement market value
$5,574,700
Total market value
$6,724,200
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
29,088 SF
Lot
3.03 ac (131,769 SF)
Zoning code
EM
APN
01 00601-0000-00003- 01
UPID
US59-1046022
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
EM · Allendale, NJZoning EM · permitted uses
EM · Allendale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
EM Mixed Industrial and Low- and Moderate-Income Multiple Dwelling Zone District § 270-97 Definitions. § 270-98 Primary intended uses and area of application. § 270-99 Prohibited uses. § 270-100 District regulations. § 270-101 Low- and moderate-income housing requirements.
Zone name
Industrial And Multiple Dwelling
General category
INDUSTRIAL
Zone area
52.95 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$7.0M
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
Heating
NONE
Lot
3.03 ac
Current owner
From public records · entity-resolved
Control Associates INC
Entity
Mailing address
20 COMMERCE DR, ALLENDALE, NJ 07401-1638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Control Associates INC
—
Deed
related
$3,480,000 · Pnc Bk
Nov 5, 2019
—
Control Associates INC
—
Deed
related
$3,480,000 · Pnc Bk
Oct 14, 2014
—
Control Associates INC
—
Loan Modification
related
$2,400,000 · Pnc Bk
Sep 26, 1997
$927,729
Control Associates INC
Waec INC
Grant Deed
—
—
—
Control Associates INC
—
Loan Modification
related
$6,000,000 · Pnc Bank
—
—
Control Associates INC
—
Loan Modification
related
$3,480,000 · Pnc Bk
—
—
Control Associates INC
—
Deed Of Trust
related
$2,300,000 · Pnc Bank
—
—
Control Associates INC
—
Deed Of Trust
related
$1,300,000 · Pnc Bank
—
—
Control Associates INC
—
Loan Modification
related
$3,480,000 · Pnc 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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