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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Industrial properties
324 Railroad Ave Hackensack, NJ 07601-3401
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0540273
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
CONCRETE BLOCKS
Total area
8,400 SF
Lot
0.28 ac (12,149 SF)
APN
23 00324-0000-00012- 03
UPID
US59-0540273
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
-
Prismatx Decal Inc (Bike/Boat/Book/etc) Store Printing Service
-
Rich Cotton LLC Factory Textile Manufacturer
-
Prismatix Inc. Industrial Manufacturer Production Facility
-
Prismatix Magnets Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.82M
Owner & transaction history
Arctic Bear INC · 4 yrs held
Arctic Bear INC
since 2022
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.8M
+59.4%
Office building
$2.0M
+17.2%
Commercial (general)
$1.8M
+6.1%
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 Hackensack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackensack 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
$1,955,000
ML approach
$1,955,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,730,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,760,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$2,030,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,840,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.76M (Mar 14 2022)
Last sale anchor
$1.76M
Mar 14 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
$216 / 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
$46,799
Tax year 2022
Assessed value
$1,856,300
Assessed 2023
Previous assessed
$1,856,300
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$380,000
Assessed improvement
$1,476,300
Land market value
$380,000
Improvement market value
$1,476,300
Total market value
$1,856,300
Applied tax rate
23.0000
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
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
8,400 SF
Lot
0.28 ac (12,149 SF)
APN
23 00324-0000-00012- 03
UPID
US59-0540273
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
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Arctic Bear INC
Entity
Mailing address
455 ALFRED AVE, TEANECK, NJ 07666-5764
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
$1,760,000
Arctic Bear INC
324 Railroad LLC
Deed
$760,000 · Shinhan Bank America
Feb 11, 2022
—
324 Railroad LLC
Teaneck Salomons LLC
Deed
—
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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