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Property profile & analytics
OFF-MARKET
Estimated value
$30,155,000
Warehouses
25 Continental Dr Wayne, NJ 07470-4710
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-3087185
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
312,239 SF
Lot
14 ac (609,840 SF)
APN
14 00604-0000-00001
UPID
US59-3087185
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
-
ENGLEWOOD LAB Warehouse & Storage
-
Forwardme.com Courier Service Postal Service
-
KW International Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.16M
Owner & transaction history
Aireit 1 80 Logistics Center LLC · 4 yrs held
Aireit 1 80 Logistics Center LLC
since 2022
Last sale
$32.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$44.2M
+232.7%
Restaurant
$36.7M
+175.8%
Commercial (general)
$28.1M
+111.3%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$32,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$44,215,000
Change: +233% · Conversion: Difficult
RESTAURANT
$36,650,000
Change: +176% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,080,000
Change: +111% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$19,910,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$30.16M
Range $27.14M – $33.17M · ±10% · vs last sale $32.15M (Jul 13 2022)
Last sale anchor
$32.15M
Jul 13 2022
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
$97 / 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
$494,725
Tax year 2022
Assessed value
$8,750,000
Assessed 2023
Previous assessed
$8,750,000
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$2,822,400
Assessed improvement
$5,927,600
Land market value
$2,822,400
Improvement market value
$5,927,600
Total market value
$8,750,000
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
312,239 SF
Lot
14 ac (609,840 SF)
APN
14 00604-0000-00001
UPID
US59-3087185
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$44.2M
RESTAURANT
Est. value
$36.7M
COMMERCIAL (GENERAL)
Est. value
$28.1M
INDUSTRIAL (GENERAL)
Est. value
$19.9M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Heating
NONE
Lot
14 ac
Current owner
From public records · entity-resolved
Aireit 1 80 Logistics Center LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1200 17TH ST STE #2900, DENVER, CO 80202-5831
Ownership since
2022
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
Jul 13, 2022
$32,154,000
Aireit 1 80 Logistics Center LLC
25 Continental Drive Associates LLC
Deed
—
Jul 3, 2007
—
Salomone Family Holdings LLC
Jre Twenty Four LLC
Grant Deed
$1,000,000 · Greater Community Bank
Jan 6, 2005
$10
Continental Drive Assocs LLC
Hartz Mountain Associates
Grant Deed
related
—
Jan 6, 2005
—
Pet Needs-totowa 25 Continenta
—
Deed Of Trust
related
$11,000,000 · Thrivent Financial For Luthera
Oct 7, 2004
$11,000,000
Hartz Mountain Associates
Amster,daniel & Lucille J
Grant Deed
—
May 19, 2000
$40,500
Daniel Amster
Rickley,judith A
Grant Deed
—
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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