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Property profile & analytics
OFF-MARKET
Industrial properties
21 Fadem Rd Springfield, NJ 07081-3135
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-2974128
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Construction
BRICK
Total area
9,877 SF
Lot
5.45 ac (237,402 SF)
APN
17 03802-0000-00001
UPID
US59-2974128
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
-
AMES Tools Hardware & Home Improvement Big Box & Wholesale Store
-
Artisan Digital Marketing & Advertising Printing Service
-
Dave E New Jersey Medical Clinic
-
Global Shipping Services Freight Service Logistics Company
-
Paylocity Employment Agency Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
21 Fadem Road Rdr Invs Co LLC · 6 yrs held
21 Fadem Road Rdr Invs Co LLC
since 2020
Last sale
$16.7M
7 recorded transactions
Zoning & alternative use
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$354,877
Tax year 2022
Assessed value
$16,361,300
Assessed 2023
Previous assessed
$16,361,300
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$7,271,700
Assessed improvement
$9,089,600
Land market value
$7,271,700
Improvement market value
$9,089,600
Total market value
$16,361,300
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1962
Construction
BRICK
Heating
NONE
Stories
1
Total area
9,877 SF
Lot
5.45 ac (237,402 SF)
APN
17 03802-0000-00001
UPID
US59-2974128
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA 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
Building & site characteristics
From public records
Year built
1962
Construction
BRICK
Heating
NONE
Stories
1
Lot
5.45 ac
Current owner
From public records · entity-resolved
21 Fadem Road Rdr Invs Co LLC
Entity
Mailing address
24 FADEM RD #36, SPRINGFIELD, NJ 07081-3116
Ownership since
2020
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
Mar 3, 2020
$16,650,000
21 Fadem Road Rdr Invs Co LLC
Shelbourne Fadem LLC
Grant Deed
$12,560,000 · Bank Of America
Feb 17, 2017
—
Shelbourne Fadem LLC
—
Deed
related
$8,400,000 · Millington Bk
Jan 12, 2017
$11,000,000
Shelbourne Fadem LLC
21 Fadem Realty LLC
Special Warranty Deed
—
Jan 11, 2011
—
21 Fadem Realty LLC
—
Deed Of Trust
related
$8,000,000 · Hpfvii Hampshire Construction
Sep 15, 2008
$6,400,000
21 Fadem Realty LLC
Rfb Realty Co
Grant Deed
—
Jan 12, 2007
$550,000
Rpb Real Estate LLC
Rpb Realty Co
Grant Deed
related
—
—
—
21 Fadem Realty LLC
—
Deed Of Trust
related
$9,900,000 · Union Center National Bank
—
—
Shelbourne Fadem LLC
—
Deed Of Trust
related
$8,400,000 · Millington Bk
—
—
21 Fadem Realty LLC
—
Deed Of Trust
related
$12,500,000 · Union Center National Bank
—
—
21 Fadem Realty LLC
—
Deed Of Trust
related
$2,600,000 · Union Center National Bank
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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