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Property profile & analytics
OFF-MARKET
Estimated value
$14,980,000
Industrial properties
3 Sperry Rd, Fairfield, NJ 07004-2011
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0064445
Property summary
AI-generated overview
This exceptional Essex County warehouse, located at 3 Sperry Road, offers 30,000 square feet of immediately available space within a larger 57,731 square foot building. The property boasts a 22-foot ceiling height, perfect for various industrial uses, including warehousing and distribution, or manufacturing. With ample parking and three convenient drive-in doors, loading and unloading are efficient and straightforward. The space is currently available for lease as a single suite within a multi-tenant building, offering flexibility for businesses of varying sizes. The property features 400 amps of power, ensuring sufficient capacity for most industrial operations. Its strategic location in Essex County provides easy access to major highways, facilitating seamless transportation of goods and materials. The lease term extends until May 31, 2027, offering a substantial period for business growth and development. This is a prime opportunity to secure a well-appointed warehouse space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
58,010 SF
Lot
4.28 ac (186,280 SF)
Zoning code
L-1
APN
07 02703-0000-00001- 01
UPID
US59-0064445
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
-
Life Enterprise Global Security Service
-
Crosey Inc Big Box & Wholesale Store
-
Teamex Corp. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.44M
CAP Approach
CAP
$10.23M
Comparable Approach
Comparable
$15.12M
Blend (final)
Blend
$14.98M
Owner & transaction history
Centerpoint Sperry LLC · 4 yrs held
Centerpoint Sperry LLC
since 2022
Last sale
$15.6M
7 recorded transactions
Zoning & alternative use
L-1 · Fairfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.9M
+3.2%
Commercial (general)
$15.4M
+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
by Request
ML approach
$11,435,000
CAP Approach
CAP Return
Estimation
6%
$11,080,000
6.5%
$10,225,000
7%
$9,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,375,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,860,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,385,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$14.98M
Range $13.48M – $16.48M · ±10% · vs last sale $15.55M (Jun 22 2022)
Last sale anchor
$15.55M
Jun 22 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
$258 / 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
$119,541
Tax year 2022
Assessed value
$5,968,100
Assessed 2023
Previous assessed
$5,968,100
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$827,200
Assessed improvement
$5,140,900
Land market value
$827,200
Improvement market value
$5,140,900
Total market value
$5,968,100
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
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
58,010 SF
Lot
4.28 ac (186,280 SF)
Zoning code
L-1
APN
07 02703-0000-00001- 01
UPID
US59-0064445
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L-1 · Fairfield, NJ
Zoning 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
Fairfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$15.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.9M
COMMERCIAL (GENERAL)
Est. value
$15.4M
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
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
Centerpoint Sperry LLC
Entity
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$15,552,000
Centerpoint Sperry LLC
Hyp Property LLC
Deed
—
Jul 28, 2021
—
Hyp Property LLC
—
Deed
related
$6,000,000 · Woori America Bank
May 17, 2012
—
Hyp Property LLC
—
Deed Of Trust
related
$1,000,000 · Woori America Bank
Aug 13, 2008
—
Hyp Property LLC
—
Grant Deed
related
$3,500,000 · Woori America Bank
Jan 16, 2007
$5,200,000
Hyp Property LLC
Kolon USA INC
Grant Deed
$1,000,000 · Woori America Bank
—
—
Hyp Property LLC
—
Deed Of Trust
related
$4,500,000 · Woori America Bank
—
—
Hyp Property LLC
—
Deed Of Trust
related
$500,000 · 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.
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