Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,045,000
Industrial properties
3 Alsan Way Little Ferry, NJ 07643-1001
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0088262
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
30,180 SF
Lot
1.64 ac (71,438 SF)
APN
30 00007-0000-00012- 02
UPID
US59-0088262
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
-
Tanglewood Corp. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.03M
CAP Approach
CAP
$5.21M
Comparable Approach
Comparable
$7.55M
Blend (final)
Blend
$8.05M
Owner & transaction history
G&i X Ul & Isf Nj Pool II LLC · 3 yrs held
G&i X Ul & Isf Nj Pool II LLC
since 2023
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.9M
+46.7%
Commercial (general)
$8.8M
+30.7%
Office building
$7.3M
+7.9%
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 Ferry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Ferry 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
$8,160,000
ML approach
$8,025,000
CAP Approach
CAP Return
Estimation
6%
$5,645,000
6.5%
$5,210,000
7%
$4,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,760,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,915,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,835,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$7,290,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$8.05M
Range $7.24M – $8.85M · ±10% · vs last sale $8.00M (Mar 21 2023)
Last sale anchor
$8.00M
Mar 21 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
$267 / 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
$123,624
Tax year 2022
Assessed value
$4,810,800
Assessed 2023
Previous assessed
$4,810,800
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$738,000
Assessed improvement
$4,072,800
Land market value
$738,000
Improvement market value
$4,072,800
Total market value
$4,810,800
Applied tax rate
30.0000
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
30,180 SF
Lot
1.64 ac (71,438 SF)
APN
30 00007-0000-00012- 02
UPID
US59-0088262
Jurisdiction
BERGEN
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
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
G&i X Ul & Isf Nj Pool II LLC
Entity
Mailing address
575 5TH AVE FL, NEW YORK, NY 10017-2422
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$8,000,000
G&i X Ul & Isf Nj Pool II LLC
Vk 3 Alsan LLC
Deed
$140,750,000 · Webster Bank NA
Jun 4, 2020
$5,000,000
Vk 3 Alsan LLC
Philips Ents INC
Grant Deed
—
Jan 16, 2004
$2,000,000
Philips Ents INC
W & G Assocs
Grant Deed
$1,425,000 · Broad National Bank
—
—
Philips Ents INC
—
Deed Of Trust
related
$900,000 · Woori America 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3 Alsan Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
