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Property profile & analytics
OFF-MARKET
Estimated value
$65,785,000
Industrial properties
217 Getty Ave 297 Paterson, NJ 07503-2607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2713955
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
764,364 SF
Lot
16.6 ac (723,096 SF)
Zoning code
I-2
APN
08 06701-0000-00002
UPID
US59-2713955
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
$85.97M
Blend (final)
Blend
$65.79M
Owner & transaction history
Thor 297 Getty Avenue Owner LLC · 3 yrs held
Thor 297 Getty Avenue Owner LLC
since 2023
Last sale
$65.5M
4 recorded transactions
Zoning & alternative use
I-2 · Paterson, 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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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
$85,555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$65.79M
Range $59.21M – $72.36M · ±10% · vs last sale $65.50M (Mar 20 2023)
Last sale anchor
$65.50M
Mar 20 2023
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
$86 / 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
$1,204,325
Tax year 2022
Assessed value
$25,944,100
Assessed 2023
Previous assessed
$25,944,100
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$11,059,300
Assessed improvement
$14,884,800
Land market value
$11,059,300
Improvement market value
$14,884,800
Total market value
$25,944,100
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
764,364 SF
Lot
16.6 ac (723,096 SF)
Zoning code
I-2
APN
08 06701-0000-00002
UPID
US59-2713955
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Paterson, NJ
Zoning I-2 · permitted uses
I-2 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
16.6 ac
Current owner
From public records · entity-resolved
Thor 297 Getty Avenue Owner LLC
Entity
Mailing address
25 W 39TH ST STE #200, NEW YORK, NY 10018-3805
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
—
Thor 297 Getty Avenue Owner LLC
—
Deed
related
$16,821,000 · Valley Bank
Mar 20, 2023
$65,500,000
Thor 297 Getty Avenue Owner LLC
Getty Industries LLC
Deed
$32,500,000 · Vast Bank NA
Apr 7, 2006
$24,000,000
297 Paterson LLC
297 Getty Ave Associates LLC
Grant Deed
related
$14,000,000 · Lzg Realty LLC
—
—
297 Getty Ave Assoc LLC
—
Deed Of Trust
related
$4,000,000 · Standard 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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