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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Industrial properties
231 Main St, Little Falls, NJ 07424-1346
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-3026402
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
5,412 SF
Lot
3 ac (130,680 SF)
APN
05 00079-0000-00001
UPID
US59-3026402
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
$935k
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$965k
Owner & transaction history
Ta Hampshire Fairfalls Jv LLC · 1 yrs held
Ta Hampshire Fairfalls Jv LLC
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+26.7%
Office building
$995,000
+6.7%
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 Little Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Falls 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$935,000
Current use
COMMERCIAL (GENERAL)
$1,185,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$995,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10%
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
$178 / 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
$90,437
Tax year 2022
Assessed value
$2,752,200
Assessed 2023
Previous assessed
$2,752,200
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$1,050,000
Assessed improvement
$1,702,200
Land market value
$1,050,000
Improvement market value
$1,702,200
Total market value
$2,752,200
Applied tax rate
5.0000
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
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
5,412 SF
Lot
3 ac (130,680 SF)
APN
05 00079-0000-00001
UPID
US59-3026402
Jurisdiction
PASSAIC
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
$935,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$995,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Ta Hampshire Fairfalls Jv LLC
Entity
Mailing address
PO BOX 43879, CHICAGO, IL 60690
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
$23,000,000
Ta Hampshire Fairfalls Jv LLC
Colfin 2019 4 Industrial Owner LLC
Grant Deed
—
Jun 21, 2019
$14,500,000
Colfin 2019-4 Indl Owner LLC
231 Main Street Huh LLC
Grant Deed
—
Jan 16, 2014
$10,000,000
231 Main Street Huh LLC
Prologis Ams Operating Ptshp L
Grant Deed
$34,800,000 · Swiss Re Life & Health America
Jul 21, 2004
$5,071,557
Amb-ams Operating Ptshp
Brass,raplh L
Grant Deed
—
—
—
Ams Operating Ptshp L Prologis
—
Deed Of Trust
related
$10,562,870 · Principal Life Insurance Co
—
—
Amb-ams Operating Ptshp
—
Deed Of Trust
related
$11,300,000 · Principal Life 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.
Try Rey
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