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Property profile & analytics
OFF-MARKET
Estimated value
$5,550,000
Industrial properties
295 Fairfield Ave Fairfield, NJ 07004-3833
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0111462
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
20,300 SF
Lot
1.33 ac (57,935 SF)
Zoning code
L-1
APN
07 01801-0000-00011
UPID
US59-0111462
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
-
Hayes Pump Inc Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.55M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$5.55M
Owner & transaction history
Ta Hampshire Fairfalls Jv LLC · 1 yrs held
Ta Hampshire Fairfalls Jv LLC
since 2024
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
L-1 · Fairfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.6M
+3.2%
Commercial (general)
$5.4M
+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
$5,550,000
ML approach
$5,550,000
CAP Approach
CAP Return
Estimation
6%
$3,875,000
6.5%
$3,580,000
7%
$3,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,380,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,550,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,385,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$5.55M
Range $5.00M – $6.11M · ±10% · vs last sale $5.55M (Sep 17 2024)
Last sale anchor
$5.55M
Sep 17 2024
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
$273 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$44,885
Tax year 2023
Assessed value
$2,186,300
Assessed 2024
Previous assessed
$2,186,300
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$405,000
Assessed improvement
$1,781,300
Land market value
$405,000
Improvement market value
$1,781,300
Total market value
$2,186,300
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 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
Year built
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
20,300 SF
Lot
1.33 ac (57,935 SF)
Zoning code
L-1
APN
07 01801-0000-00011
UPID
US59-0111462
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Ta Hampshire Fairfalls Jv LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1 FEDERAL ST FL #17, BOSTON, MA 02110-2003
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
$5,550,000
Ta Hampshire Fairfalls Jv LLC
Colfin 2019 4 Industrial Owner LLC
Deed
—
Aug 1, 2019
$2,300,000
Colfin 2019-4 Indl Owner LLC
295 Fairfield Ave Huh LLC
Grant Deed
$100,000 · Miscellaneous Ins Co
—
—
Stewart Place Huh LLC
—
Deed Of Trust
related
$34,800,000 · Swiss Re Life & Health America
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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