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Property profile & analytics
OFF-MARKET
Industrial properties
212 Market St Passaic, NJ 07055-7194
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-1002200
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Lot
0.4 ac (17,542 SF)
Zoning code
U
APN
07 01030-0000-00043
UPID
US59-1002200
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
441 Pascack Rd Urban Renewal LLC · 2 yrs held
441 Pascack Rd Urban Renewal LLC
since 2024
7 recorded transactions
Zoning & alternative use
U · Passaic, NJ
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 Passaic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Passaic 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
$51,677
Tax year 2022
Assessed value
$1,330,500
Assessed 2023
Previous assessed
$1,330,500
+0.0% YoY
Effective rate
3.88%
On assessed value
Assessed land
$414,500
Assessed improvement
$916,000
Land market value
$414,500
Improvement market value
$916,000
Total market value
$1,330,500
Applied tax rate
7.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
4
Lot
0.4 ac (17,542 SF)
Zoning code
U
APN
07 01030-0000-00043
UPID
US59-1002200
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
U · Passaic, NJZoning U · permitted uses
U · Passaic, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Passaic Zoning Guide
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
441 Pascack Rd Urban Renewal LLC
Entity
Free & Clear · 2 yrs held
Mailing address
386 RTE 59TH STE #200, AIRMONT, NY 10952-3428
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
—
441 Pascack Rd Urban Renewal LLC
City Of Passaic
Sub Lease
related
—
Dec 26, 2023
—
441 Pascack Road LLC
Two Market Street Associates LLC
Sub Lease
related
$19,086,000 · Arbor Private Investment LLC
Jan 24, 2018
—
441 Pascack Rd Urband Renewalk LLC
441 R Pascack Rd LLC
Deed
$11,365,000 · Parke Bank
Apr 28, 2017
—
Two Market Street Assocs LLC
City Of Passaic
Grant Deed
—
Nov 30, 2016
$75,000
Two Market Street Assocs LLC
City Of Passaic
Grant Deed
—
Jul 25, 2006
$10
Two Market St Associates LLC
Rosengarten,howard
Quit Claim Deed
related
—
Apr 11, 2006
$1
Howard Rosengarten
Spitzer,eugene
Grant Deed
related
—
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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