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Property profile & analytics
OFF-MARKET
Estimated value
$16,820,000
Industrial properties
25 Commerce Rd, Fairfield, NJ 07004-1619
Entity Owned
~
Est. High Equity
Property ID
US59-2792078
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
CONCRETE BLOCKS
Total area
104,004 SF
Lot
9.2 ac (400,752 SF)
Zoning code
L-2
APN
07 05901-0000-00006- 01
UPID
US59-2792078
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
-
Novo Industries Industrial Manufacturer Production Facility
-
Hustle Baseball Academy Gym & Fitness Center Sports School
-
Claremont Distillery Brewery & Distillery Bar & Pub
-
Prodigy Training Gym & Fitness Center Sports School
-
Dodo Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.27M
CAP Approach
CAP
$18.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.82M
Owner & transaction history
Ranger II Urban Logistics Nj LLC
Ranger II Urban Logistics Nj LLC
since 2026
Last sale
$17.0M
6 recorded transactions
Zoning & alternative use
L-2 · Fairfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.6M
+0.1%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$11,270,000
CAP Approach
CAP Return
Estimation
6%
$19,865,000
6.5%
$18,335,000
7%
$17,025,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$27,565,000
Current use
COMMERCIAL (GENERAL)
$27,585,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$16.82M
Range $15.14M – $18.50M · ±10% · vs last sale $17.00M (Aug 15 2023)
Last sale anchor
$17.00M
Aug 15 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
$162 / 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
$174,592
Tax year 2022
Assessed value
$8,716,500
Assessed 2023
Previous assessed
$8,716,500
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,255,600
Assessed improvement
$7,460,900
Land market value
$1,255,600
Improvement market value
$7,460,900
Total market value
$8,716,500
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1983
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
104,004 SF
Lot
9.2 ac (400,752 SF)
Zoning code
L-2
APN
07 05901-0000-00006- 01
UPID
US59-2792078
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L-2 · Fairfield, NJ
Zoning L-2 · permitted uses
L-2 · Fairfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$27.6M
COMMERCIAL (GENERAL)
Est. value
$27.6M
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
1983
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
9.2 ac
Current owner
From public records · entity-resolved
Ranger II Urban Logistics Nj LLC
Entity
Mailing address
1 MEADOWLANDS PLZ STE #202, EAST RUTHERFORD, NJ 07073-2150
Ownership since
2026
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
Mar 25, 2026
$2,279,131
Ranger II Urban Logistics Nj LLC
Vk 25 Commerce LLC
Deed
$245,000,000 · Wells Fargo Bank NA
Apr 12, 2024
—
Vk 25 Commerce LLC
—
Deed
related
$62,220,000 · Webster Bank NA
Aug 15, 2023
$17,000,000
Vk 25 Commerce LLC
Fairfiled Commerciial Properties
Deed
$9,750,000 · Lake Forest Bank & Trust Co NA
—
—
Fairfield Coml Props Corp
—
Deed Of Trust
related
$2,000,000 · Crown Bank
—
—
Fairfield Coml Props Corp
—
Deed Of Trust
related
$4,950,000 · Malvern Fsb
—
—
Fairfield Commercial Propertie
—
Deed Of Trust
related
$4,500,000 · Provident Savings 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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