OFF-MARKET
Industrial properties
Entity Owned
3-yr Hold
~
Est. High Equity
Entity Owned Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Construction
CONCRETE BLOCKS
Total area
47,904 SF
Lot
2.7 ac (117,612 SF)
Zoning code
L-1
APN
07 00903- 02-00015- 05
UPID
US59-1125542
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gym & Fitness Center
-
Landscaping General Contractor
-
General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.46M
CAP Approach
CAP
$8.45M
Comparable Approach
Comparable
$10.93M
Blend (final)
Blend
$14.98M
Owner & transaction history
since 2023
Last sale
$10.8M
6 recorded transactions
Zoning & alternative use
L-1 · Fairfield, NJ
Top alternative use upside
Apartment house (5+ units)
$13.1M
+3.2%
Commercial (general)
$12.7M
+0.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.98M
Value range
$13.48M – $16.48M
±10% around blend
Estimated value / SF
$313 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$13.48M
blend $14.98M
$16.48M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
47,904 SF
Lot area
2.7 ac
Year built
1981
Stories
1
APN
07 00903- 02-00015- 05
Assessed value
$4,025,000
Annual tax
$80,621
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.45M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.15M
@ 6.5% CAP return
$8.45M
@ 7% CAP return
$7.84M
4
Sales comparison
Partial preview
Sales approach indication
$10.77M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.9 mi away · 39,788 SF
21.9 mi away · 34,650 SF
24.4 mi away · 40,838 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.98M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$265
+18%
Submarket 44 sales
$265
+18%
County 111 sales
$226
+38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $313/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+3%
vs current-use indication
Commercial (general)
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.70%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.70%
9.0%
NOI (est.)
$756k *
Last sale · Mar 2023
$10.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$20.43M
Move the market yield to see immediate price impact.
Value / SF
$427
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.20%3.70%4.20%
$680k
$21.26M
$18.39M
$16.20M
$756k
$23.63M
$20.43M
$18.00M
$832k
$25.99M
$22.48M
$19.80M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$11.10M
4.2 mi · Jan 2026 · $228/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$80,621
Tax year 2022
Assessed value
$4,025,000
Assessed 2023
Previous assessed
$4,025,000
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$400,000
Assessed improvement
$3,625,000
Land market value
$400,000
Improvement market value
$3,625,000
Total market value
$4,025,000
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1981
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
47,904 SF
Lot
2.7 ac (117,612 SF)
Zoning code
L-1
APN
07 00903- 02-00015- 05
UPID
US59-1125542
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L-1 · Fairfield, NJZoning L-1 · permitted uses
L-1 · Fairfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
L-1
Jurisdiction
Fairfield, NJ
Recorded code
L-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for L-1 in Fairfield, NJ.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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