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Property profile & analytics
FOR LEASE
Industrial properties
340 Glenwood Ave East Orange, NJ 07017
Entity Owned
Absentee Owner
Free & Clear
Property ID
US59-0972869
For Lease
1 / 2
$11 SF/Yr
340 Glenwood Ave, East Orange, NJ 07017
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1881
Total area
38,348 SF
Lot
4.2 ac (182,830 SF)
APN
05 00621-0000-00014
UPID
US59-0972869
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.76M
Comparable Approach
Comparable
$5.19M
Blend (final)
Blend
$6.41M
Owner & transaction history
Manufacturers Village Glenwood LLC
Manufacturers Village Glenwood LLC
since 2026
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.5M
+21.1%
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Orange 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%
$7,325,000
6.5%
$6,760,000
7%
$6,280,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,660,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,485,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$8,050,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±10%
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
$167 / 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
$136,527
Tax year 2022
Assessed value
$4,698,100
Assessed 2023
Previous assessed
$4,698,100
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$2,194,000
Assessed improvement
$2,504,100
Land market value
$2,194,000
Improvement market value
$2,504,100
Total market value
$4,698,100
Applied tax rate
5.0000
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
For Lease
Year built
1881
Heating
NONE
Units
1
Total area
38,348 SF
Lot
4.2 ac (182,830 SF)
APN
05 00621-0000-00014
UPID
US59-0972869
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$8.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1881
Heating
NONE
Units
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Manufacturers Village Glenwood LLC
Entity
Free & Clear · 0 yrs held
Mailing address
356 GLENWOOD AVE, EAST ORANGE, NJ 07017-3017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
$10,500,000
Manufacturers Village Glenwood LLC
Manufactures Village
Deed
—
Jun 30, 2006
$1
Manufacturers Village LLC
Hubert,gordon
Grant Deed
related
—
Mar 16, 2004
$600,000
Gordon Hubert
Njm,bank
Grant Deed
$600,000 · Njm Bank
—
—
Manufacturers Village LLC
—
Deed Of Trust
related
$100,000 · Gay H Kimelman
—
—
Manufacturer Village LLC
—
Deed Of Trust
related
—
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?”
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