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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Industrial properties
312 44th St Union City, NJ 07087-5012
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0068663
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
BRICK
Total area
2,580 SF
Lot
0.06 ac (2,801 SF)
APN
10 00257-0000-00007
UPID
US59-0068663
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
-
Limpieza Dental Dental Office
-
Dr. Jean Kim Dental Office
-
Elizabeth Oral Surgery Group Physician
-
Dr. John Mullins Dental Office
-
John Elverage Mullins Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$815k
Owner & transaction history
Tikkun Olam LLC · 6 yrs held
Tikkun Olam LLC
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+97.4%
Commercial (general)
$580,000
+6.4%
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$825,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$545,000
Current use
OFFICE BUILDING
$1,080,000
Change: +97% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $625k (Mar 13 2020)
Last sale anchor
$625k
Mar 13 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
$316 / 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
$20,380
Tax year 2022
Assessed value
$275,000
Assessed 2023
Previous assessed
$275,000
+0.0% YoY
Effective rate
7.41%
On assessed value
Assessed land
$173,900
Assessed improvement
$101,100
Land market value
$173,900
Improvement market value
$101,100
Total market value
$275,000
Applied tax rate
10.0000
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
1900
Construction
BRICK
Heating
YES
Stories
1
Total area
2,580 SF
Lot
0.06 ac (2,801 SF)
APN
10 00257-0000-00007
UPID
US59-0068663
Jurisdiction
HUDSON
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
$545,000
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$580,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1900
Construction
BRICK
Heating
YES
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Tikkun Olam LLC
Entity
Mailing address
312 44TH ST, UNION CITY, NJ 07087-5012
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
Tikkun Olam LLC
—
Deed
related
$481,420 · Provide INC
Dec 17, 2020
—
Tikkun Olam LLC
—
Deed
related
$1,360,483 · The Huntington National Bank
Sep 15, 2020
—
Tikkun Olam LLC
—
Deed
related
$527,006 · The Huntington National Bank
Mar 13, 2020
$625,000
Tikkun Olam LLC
Deals INC
Grant Deed
$520,000 · Td Bk NA
Mar 26, 2004
$190,000
Deals INC
Hernandez,manuel
Grant Deed
$142,000 · Pamrapo Savings Bank
Mar 25, 2003
$175,000
Manuel Hernandez
Almeida,alexis
Grant Deed
—
Oct 17, 2001
$103,000
Alexis Almeida
Alaska Seaboard Partners LP
Grant Deed
$180,000 · Jose R Estevez
Sep 6, 2000
$100
Fleet Bank
Aguiles,carlos R
Trustees Deed
related
—
—
—
Alaska Seaboard Partners LP
—
Deed Of Trust
related
$121,800 · Lehman Capital Corp
—
—
Jack Deals
—
Deed Of Trust
related
$40,000 · Pamrapo Savings Bank
—
—
Tikkun Olam LLC
—
Deed Of Trust
related
$527,000 · Huntington Nat'l Bk
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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