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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Industrial properties
31 Dwight Pl, Fairfield, NJ 07004-3303
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1005734
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
20,910 SF
Lot
1.37 ac (59,677 SF)
Zoning code
L-1
APN
07 01105-0000-00005
UPID
US59-1005734
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
-
Nimlok NYC Marketing & Advertising Advertising Agency
-
WaveStar Solutions Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.34M
Owner & transaction history
31 Dwight Place LLC · 6 yrs held
31 Dwight Place LLC
since 2020
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
L-1 · Fairfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,995,000
6.5%
$3,685,000
7%
$3,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,540,000
Current use
COMMERCIAL (GENERAL)
$5,545,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $3.29M (Jun 29 2020)
Last sale anchor
$3.29M
Jun 29 2020
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
$159 / 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
$38,642
Tax year 2022
Assessed value
$1,929,200
Assessed 2023
Previous assessed
$1,929,200
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$391,000
Assessed improvement
$1,538,200
Land market value
$391,000
Improvement market value
$1,538,200
Total market value
$1,929,200
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
Year built
1974
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
20,910 SF
Lot
1.37 ac (59,677 SF)
Zoning code
L-1
APN
07 01105-0000-00005
UPID
US59-1005734
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
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.5M
INDUSTRIAL (GENERAL) Current
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
1974
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
31 Dwight Place LLC
Entity
Mailing address
31 DWIGHT PL, FAIRFIELD, NJ 07004-3303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 8, 2022
—
31 Dwight Place LLC
—
Deed
related
$750,000 · 31 Dwight R2 Funding LP
Jun 29, 2020
$3,293,325
31 Dwight Place LLC
Exposition Realty LLC
Grant Deed
$1,100,000 · 31 Dwight Funding LP
Aug 18, 2016
—
Exposition Realty LLC
—
Deed
related
$2,700,000 · Wells Fargo Bank NA
Nov 19, 2004
$1,431,250
Exposition Realty LLC
Sas Associates
Deed Of Trust
related
$1,510,000 · Wachovia Sba Lending INC
—
—
Exposition Realty LLC
—
Deed Of Trust
related
$434,700 · Us Small Business Admn
—
—
Exposition Realty LLC
—
Deed Of Trust
related
$1,453,590 · Pnc 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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