Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23 Thornton Rd Oakland, NJ 07436-3115

    • Industrial properties
    • 5.72 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0171145
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • C C Realty Co / Cold Storage Facility
    • FileBank Inc. / Archive

    Property Details for 23 Thornton Rd

    Lot size
    5.72 lot acres
    Property type
    Industrial properties
    APN
    42 03301-0000-00003
    APU
    4203301000000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.2463
    Latitude
    41.0086
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $137,053
    $2,058,000
    $4,584,000
    $6,642,000
    -
    $2,058,000
    $4,584,000
    $6,642,000

    Comparable in this City

    • Value Estimation
      $2,435,000
      0.90 Acres

      19 Edison Ave

      INDUSTRIAL (GENERAL) • 0.90 Acres
      19 Edison Ave, Oakland, NJ 07436-1301
      View Details
    • Value Estimation by Request
      1.51 Acres

      31 Iron Horse Rd

      INDUSTRIAL (GENERAL) • 1.51 Acres
      31 Iron Horse Rd, Oakland, NJ 07436-1305
      View Details
    • Value Estimation
      $4,440,000
      13.40 Acres

      27 Muller Rd

      INDUSTRIAL (GENERAL) • 13.40 Acres
      27 Muller Rd, Oakland, NJ 07436-1313
      View Details
    • Value Estimation
      $2,795,000
      3.07 Acres

      56 Spruce St

      INDUSTRIAL (GENERAL) • 3.07 Acres
      56 Spruce St, Oakland, NJ 07436-1830
      View Details
    • Value Estimation by Request
      660 SF

      53 Spruce St

      INDUSTRIAL (GENERAL) • 660 SF
      53 Spruce St, Oakland, NJ 07436-1810
      View Details
    • Value Estimation by Request
      0.43 Acres

      227 Oakland Ave

      INDUSTRIAL (GENERAL) • 0.43 Acres
      227 Oakland Ave, Oakland, NJ 07436
      View Details

    Similar Nearby for Sale

    • $993,340

      Oakland Specialty Property For Sale

      Specialty property available for purchase in Oakland, New Jersey.
      4 Trotter Way, Oakland, NJ 07436
      View Details
    • Contact for pricing

      Oakland Office Building - Prime Location

      16M Office Building, Excellent Opportunity
      32 Spruce St, Oakland, NJ 07436
      View Details
    • $299,888

      Updated Ranch in Oakland, NJ

      Charming, updated 2-bedroom ranch with modern comfort and style.
      20 Park Dr, Oakland, NJ 07436
      View Details
    • $699,900

      Two-Family Home in Oakland

      Two-family home in a quiet Oakland neighborhood.
      69 Riverside Dr, Oakland, NJ 07436
      View Details

    Similar Nearby for Lease

    • $4,977 /Mo
      950 SF

      West Oakland Office with Storage

      950 SF office space with outdoor storage and parking.
      29 Edison Ave, Oakland, NJ 07436
      View Details
    • Contact for pricing
      21,351 SF

      Industrial Land with Office Building

      0.5-acre industrial land with 600 SF office building.
      90 Ramapo Valley Rd, Oakland, NJ 07436
      View Details
    • $12 SF/Yr
      7,326 SF

      Oakland Warehouse Space For Lease

      Warehouse space for lease near I-287 in Oakland, NJ.
      27 Muller Rd, Oakland, NJ 07436
      View Details
    • $34 SF/Yr
      700 SF

      Oakland Retail Space For Rent

      700 SF retail space in Oakland's Central Business District.
      14 Elm St, Oakland, NJ 07436
      View Details
    • $33 SF/Yr
      7,192 SF

      Oakland Office Space for Lease

      Prime Oakland location, flexible suites available.
      6 Elm St, Oakland, NJ 07436
      View Details
    • Contact for pricing
      33,550 SF

      Copper Tree Shopping Plaza: Retail Space

      Bergen County retail center; 5 suites available.
      350 Ramapo Valley Rd, Oakland, NJ 07436
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Thornton Rd
    Oakland, NJ 07436-3115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.