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Property profile & analytics
OFF-MARKET
Estimated value
$58,640,000
Warehouses
20 Continental Dr 30 Wayne, NJ 07470-4711
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1476950
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
256,931 SF
Lot
12.69 ac (552,559 SF)
APN
14 00601-0000-00001
UPID
US59-1476950
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
-
Moda Express Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$53.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$58.64M
Owner & transaction history
Aireit 1 80 Logistics Center LLC · 4 yrs held
Aireit 1 80 Logistics Center LLC
since 2022
Last sale
$59.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$45.1M
+312.4%
Apartment house (5+ units)
$36.4M
+232.7%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$61,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$58,365,000
6.5%
$53,875,000
7%
$50,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$45,095,000
Change: +312% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$36,385,000
Change: +233% · Conversion: Difficult
Blend value · Realmo final
$58.64M
Range $52.78M – $64.50M · ±10% · vs last sale $59.75M (Jul 13 2022)
Last sale anchor
$59.75M
Jul 13 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
$228 / 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
$395,220
Tax year 2022
Assessed value
$6,990,100
Assessed 2023
Previous assessed
$6,990,100
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$1,826,600
Assessed improvement
$5,163,500
Land market value
$1,826,600
Improvement market value
$5,163,500
Total market value
$6,990,100
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
256,931 SF
Lot
12.69 ac (552,559 SF)
APN
14 00601-0000-00001
UPID
US59-1476950
Jurisdiction
PASSAIC
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
Est. value
$45.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.4M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
12.69 ac
Current owner
From public records · entity-resolved
Aireit 1 80 Logistics Center LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1200 17TH ST STE #2900, DENVER, CO 80202-5831
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
$59,754,000
Aireit 1 80 Logistics Center LLC
20 Continental Drive LLC
Deed
—
Dec 2, 2002
—
20 Continental Drive LLC
Pet Needs-totowa
Grant Deed
$7,500,000 · Nationwide Life Insurance Co
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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