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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Commercial real estate
20 Passaic Ave Pompton Lakes, NJ 07442-1816
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1437450
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1915
Construction
FRAME
Total area
5,402 SF
Lot
0.35 ac (15,246 SF)
Zoning code
B-2
APN
09 08300-0000-00002
UPID
US59-1437450
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
$780k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$780k
Owner & transaction history
20 Passaic Are LLC · 1 yrs held
20 Passaic Are LLC
since 2024
Last sale
$780,000
5 recorded transactions
Zoning & alternative use
B-2 · Pompton Lakes, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pompton Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pompton Lakes 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
$780,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,030,000
7%
$960,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,030,000
Current use
OFFICE BUILDING
$995,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$930,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $780k (Dec 10 2024)
Last sale anchor
$780k
Dec 10 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
$144 / 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
$23,407
Tax year 2022
Assessed value
$615,000
Assessed 2023
Previous assessed
$615,000
+0.0% YoY
Effective rate
3.81%
On assessed value
Assessed land
$165,200
Assessed improvement
$449,800
Land market value
$165,200
Improvement market value
$449,800
Total market value
$615,000
Applied tax rate
9.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1915
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
5,402 SF
Lot
0.35 ac (15,246 SF)
Zoning code
B-2
APN
09 08300-0000-00002
UPID
US59-1437450
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Pompton Lakes, NJ
Zoning B-2 · permitted uses
B-2 · Pompton Lakes, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pompton Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$995,000
INDUSTRIAL (GENERAL)
Est. value
$930,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1915
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
20 Passaic Are LLC
Entity
Mailing address
4454 S 67TH ST, OMAHA, NE 68117-1034
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
$780,000
20 Passaic Are LLC
Militti Properties LLC
Deed
$585,000 · Magyar Bank
Mar 21, 2023
$750,000
Militti Properties LLC
20 Passaic Ave LLC
Deed
—
Oct 6, 2021
$675,000
20 Passaic Ave LLC
Reservoir Realty INC
Bargain And Sale Deed
$472,500 · Velocity Commercial Capital LLC
—
—
Reservoir Realty INC
—
Deed Of Trust
related
$450,000 · First Union National Bank
—
—
Mark Hackett
—
Deed Of Trust
related
$234,000 · Citimortgage INC
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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