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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Commercial real estate
35 Wallington Ave Wallington, NJ 07057-1032
Entity Owned
3-yr Hold
Property ID
US59-1336839
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Construction
FRAME
Total area
3,522 SF
Lot
0.11 ac (5,009 SF)
Zoning code
B
APN
65 00007-0000-00009
UPID
US59-1336839
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
-
Smile 911 Dental Office
-
AZ Global Source LLC Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$640k
Owner & transaction history
35 Wallington Ave LLC · 3 yrs held
35 Wallington Ave LLC
since 2023
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
B · Wallington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Regulations applicable to B Business Zone. A. Where a business structure is located adjacent to an existing business structure, the side yard adjacent to said existing business need not be required, provided that there is vehicle access to the rear yard. B. Business structures or uses shall not display goods for sale purposes outside of the structure in whic…
Zone name
Business
General category
COMMERCIAL
Zone area
65.28 ac
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 Wallington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wallington 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
$645,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,030,000
Current use
OFFICE BUILDING
$850,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$640k
Range $668k – $911k · vs last sale $600k (Feb 7 2023)
Last sale anchor
$600k
Feb 7 2023
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
$182 / 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
$10,477
Tax year 2022
Assessed value
$327,000
Assessed 2023
Previous assessed
$327,000
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$112,500
Assessed improvement
$214,500
Land market value
$112,500
Improvement market value
$214,500
Total market value
$327,000
Applied tax rate
65.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
NONE
Stories
1
Total area
3,522 SF
Lot
0.11 ac (5,009 SF)
Zoning code
B
APN
65 00007-0000-00009
UPID
US59-1336839
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Wallington, NJZoning B · permitted uses
B · Wallington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Regulations applicable to B Business Zone. A. Where a business structure is located adjacent to an existing business structure, the side yard adjacent to said existing business need not be required, provided that there is vehicle access to the rear yard. B. Business structures or uses shall not display goods for sale purposes outside of the structure in which such activity is carried on. C. No storage of any kind is permitted in the B Zone other than within an enclosed roofed building as in the Schedule of Area, Bulk and Yard Requirements. [1] [1]
Zone name
Business
General category
COMMERCIAL
Zone area
65.28 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL) Current
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
1950
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
35 Wallington Ave LLC
Entity
Mailing address
35 WALLINGTON AVE, WALLINGTON, NJ 07057-1032
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
$600,000
35 Wallington Ave LLC
Lyudmila Natovich
Deed
$475,000 · Spencer Savings Bank Sla
Oct 23, 2008
—
Lyudmila Natovich
Natovick Boris
Quit Claim Deed
related
—
Oct 13, 2006
$100
The County Of Bergen
Natovich,boris & Lyudmila
Grant Deed
related
—
Apr 25, 1996
$130,000
Lyudmila Natovich
Finkelstein,jeff
Grant Deed
$57,000 · American Federal 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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