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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Industrial properties
212 Paterson Plank Rd Union City, NJ 07087-2826
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3206694
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1903
Construction
FRAME
Total area
4,972 SF
Lot
0.12 ac (5,180 SF)
APN
10 00009-0000-00026
UPID
US59-3206694
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
-
Express Car Wash Car Wash
-
Express Tire Service Union City (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.20M
Owner & transaction history
Dinos Real Estate Enterprise LLC · 4 yrs held
Dinos Real Estate Enterprise LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+6.4%
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$1,255,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,055,000
Current use
COMMERCIAL (GENERAL)
$1,120,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.10M (Mar 2 2022)
Last sale anchor
$1.10M
Mar 2 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
$241 / 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
$22,233
Tax year 2022
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
7.41%
On assessed value
Assessed land
$243,300
Assessed improvement
$56,700
Land market value
$243,300
Improvement market value
$56,700
Total market value
$300,000
Applied tax rate
10.0000
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
Year built
1903
Construction
FRAME
Heating
YES
Stories
2
Units
2
Total area
4,972 SF
Lot
0.12 ac (5,180 SF)
APN
10 00009-0000-00026
UPID
US59-3206694
Jurisdiction
HUDSON
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
1903
Construction
FRAME
Heating
YES
Stories
2
Units
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Dinos Real Estate Enterprise LLC
Entity
Mailing address
98 COUNTRY CLB DR, PORT WASHINGTON, NY 11050-4551
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$1,095,000
Dinos Real Estate Enterprise LLC
Gross Family LLC
Deed
—
Dec 8, 2004
$480,000
Gross Family LLC
Mada Estates INC
Grant Deed
$384,000 · Interbay Funding LLC
Jun 14, 2000
—
John Penniplede
Penne Estates
Quit Claim Deed
related
—
Jun 14, 2000
$390,000
Mada Estates INC
Penniplede,john
Trustees Deed
$390,000 · Seller
—
—
Gross Family LLC
—
Loan Modification
related
$350,898 · Mada Estates INC
—
—
Gross Family LLC
—
Deed Of Trust
related
$500,000 · Mada Estates INC
—
—
Gross Family LLC
—
Deed Of Trust
related
$500,000 · Mada Estates INC
—
—
Gross Family LLC
—
Deed Of Trust
related
$500,000 · Mada Estate INC
—
—
Gross Family LLC
—
Deed Of Trust
related
$70,000 · Pamrapo Savings Bank
—
—
Gross Family LLC
—
Deed Of Trust
related
$500,000 · Mada Estates 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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