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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Industrial properties
22 Bergenwood Rd Fairview, NJ 07022-1828
Individually Owned
2-yr Hold
Free & Clear
Property ID
US59-3185181
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Construction
CONCRETE BLOCKS
Lot
0.24 ac (10,498 SF)
Zoning code
B
APN
18 00225-0000-00012
UPID
US59-3185181
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
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Public Service Electric And Gas Com · 2 yrs held
Public Service Electric And Gas Com
since 2024
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
B · Fairview, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l District R-B Moderate Density One and Two Family District R-C Medium Density Three to Six Family District R-D Medium Density Garden Apartment District R-E Senior Housing R-F High Density High Rise Residential District B General Business B-1 Central Business District B-2 Business Residential I Industry § 25-1202 ZONING MAP. [ Ord. No. 98-6 § 2, Art. XI § 15…
Zone name
General Business
General category
CIVIC_INSTITUTIONAL
Zone area
26.70 ac
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (May 21 2024)
Last sale anchor
$5.00M
May 21 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
—
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
$35,347
Tax year 2022
Assessed value
$1,662,000
Assessed 2023
Previous assessed
$1,662,000
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$375,900
Assessed improvement
$1,286,100
Land market value
$375,900
Improvement market value
$1,286,100
Total market value
$1,662,000
Applied tax rate
18.0000
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.24 ac (10,498 SF)
Zoning code
B
APN
18 00225-0000-00012
UPID
US59-3185181
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Fairview, NJZoning B · permitted uses
B · Fairview, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l District R-B Moderate Density One and Two Family District R-C Medium Density Three to Six Family District R-D Medium Density Garden Apartment District R-E Senior Housing R-F High Density High Rise Residential District B General Business B-1 Central Business District B-2 Business Residential I Industry § 25-1202 ZONING MAP. [ Ord. No. 98-6 § 2, Art. XI § 15-97; Ord. No. 05-10 § 3; Ord. No. 2014-14 § 8] The location and boundaries of the
Zone name
General Business
General category
CIVIC_INSTITUTIONAL
Zone area
26.70 ac
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Public Service Electric And Gas Com
Individual
Free & Clear · 2 yrs held
Mailing address
80 PARK PLZ, NEWARK, NJ 07102-4109
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
$5,000,000
Public Service Electric And Gas Com
Ceffi INC
Deed
—
Oct 14, 2004
$740,000
Ceffi INC
A & L Realty Corp
Grant Deed
—
—
—
Ceffi INC
—
Deed Of Trust
related
$300,000 · Synergy Bank
—
—
Ceffi INC
—
Deed Of Trust
related
$400,000 · Broadway 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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